Welcome to our dedicated page for Callinex Mines news (Ticker: CLLXF), a resource for investors and traders seeking the latest updates and insights on Callinex Mines stock.
Callinex Mines Inc. reports mineral exploration developments across Canadian copper, gold and volcanogenic massive sulphide projects. Recent company updates center on the Pt. Leamington Project in central Newfoundland, including exploration planning, drill-target generation, deposit expansion work and technical oversight for a copper-gold-zinc-silver VMS system.
News also covers the formation of Osawi Gold Corp. as a wholly owned subsidiary for the Manitoba gold portfolio, including the Gossan Hill and Island Lake gold projects. Other recurring themes include board and technical-team appointments, community and First Nations engagement initiatives, corporate identity updates and private-placement financing activity tied to the company’s exploration strategy.
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Callinex Mines Inc. (TSXV: CNX, OTCQX: CLLXF) has launched its 2023 drilling campaign at the Pine Bay Project, located near Flin Flon, Manitoba. The fully funded phase one aims to drill up to 10,000 meters, focusing on the Rainbow Deposit and other targets. Two rigs are deployed, with one testing depth extensions of the Rainbow zone and the second exploring a conductive anomaly. Initial drilling is expected to take 3.5 months, followed by a further phase based on results. Additionally, the company granted 280,000 stock options at a price of $3.15 per share. J.J. O'Donnell, Exploration Manager, oversees the technical aspects of this release.