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. (OTCQX: CLLXF) announced positive drilling results from its Rainbow Deposit, located at the Pine Bay Project in Manitoba. Notable highlights include drill hole PBM-158, which intersected 5.0m of 1.56% copper equivalent at a depth of 928m, marking the deepest hole to date. The borehole electromagnetic survey suggests potential for further extensions at depth. Additionally, a newly discovered Red Zone exhibited high-grade copper-gold-zinc assays, with PBM-145 returning 12.0m of 3.43% copper equivalent. The company plans further exploration targeting known deposits and expanding upon previous findings.
Callinex Mines Inc. is excited to announce the initiation of trading on the OTCQX under the symbol CLLXF as of January 25, 2022. This move aims to provide enhanced transparency and accessibility for U.S. investors, allowing for easier analysis and trading of shares. The company focuses on expanding the high-grade copper, zinc, gold, and silver Rainbow deposit near Flin Flon, Manitoba, and has a promising economic outlook as indicated by their 2018 pre-feasibility study, which outlined a robust mine plan with a pre-tax IRR of 34.1% and an NPV of $230 million.
Callinex Mines Inc. (OTC: CLLXF) reflects on a record year in its year-end letter to shareholders. The company completed nearly 40,000m of drilling at the Rainbow Deposit, significantly expanding its high-grade copper resource. The Rainbow now boasts an average drill hole grade of 4.04%, far exceeding the global average of 0.50%. As the company aims for further exploration and a maiden resource estimate, it highlights its commitment to sustainable practices and community engagement in Flin Flon, MB. The upcoming year promises ongoing advancements amid a robust market for base and precious metals.
Callinex Mines Inc. (OTC: CLLXF) reported key updates from its drilling activities at the Pine Bay Project and Nash Creek Project. This year, the company drilled 64 holes totaling 34,250m focused on the Rainbow Deposit. Results from 37 drill holes, representing over 17,000m, are pending. Notably, the Rainbow Deposit is located near vital infrastructure, which could significantly lower development costs. The Nash Creek Project also has 12 holes (3,320m) awaiting assay results, showcasing Callinex's exploration momentum.
Callinex Mines Inc. announced a significant update on the Point Leamington Deposit in Newfoundland, revealing a pit-constrained Indicated Mineral Resource of 5.0 Mt at 2.49 g/t AuEq and an Inferred Mineral Resource of 13.7 Mt at 2.24 g/t AuEq. Additionally, the out-of-pit Inferred Mineral Resource stands at 1.7 Mt grading 3.06 g/t AuEq. Recent drilling highlighted a high-grade zinc-gold zone, intersecting 4.67m with notable concentrations. The company plans to advance the project through metallurgical testing and further exploration.
Callinex Mines Inc. (OTC: CLLXF) announced significant drill results from the ongoing 30,000m drilling campaign at the Rainbow Deposit. Highlights include PBM-138 intersecting 37m of 6.00% copper, 0.35 g/t gold, and 6.13 g/t silver, while PBM-133 returned 2.62% copper equivalent over 7.71m. One drill rig is testing the deposit's up plunge extent, indicating consistent high-grade mineralization. The campaign, with 27 holes completed so far, aims to delineate this resource further.
Callinex Mines Inc. (CLLXF) reported significant drilling results from the Rainbow Deposit at its Pine Bay Project. Notable intersections include 67.0m of 2.73% copper with highlights of 13.0m at 8.75% copper, and 20.53m of 3.21% copper equivalent. These results mark the widest intersections recorded at the deposit, underscoring its potential. The ongoing drilling campaign aims to enhance the high-grade copper resource, with a total of 30,000m planned. Callinex plans to continue releasing results throughout the drilling season.
Callinex Mines has announced the initiation of a 4,000m drilling campaign at its Nash Creek Project in New Brunswick, targeting silver mineralization along a 10 km trend. The project aims to explore seven new areas identified from soil anomalies linked to previous silver discoveries. Notable drill results include 28.6m of 57 g/t silver and 19m of 36.53 g/t silver. The company aims to expand its resource base and enhance its Preliminary Economic Assessment published in 2018. Callinex is well-funded for this drilling initiative.
Callinex Mines Inc. (OTC: CLLXF) announced high-grade drilling results from its ongoing 30,000m campaign at the Pine Bay Project's Rainbow Deposit. Key findings include PBM-129-W1 intersecting 4.87m of 14.94% copper and PBM-129 yielding 5.50m of 8.45% copper. Other intersections reflect notable copper, gold, silver, and zinc grades. Two drill rigs will operate through summer, enhancing the deposit's understanding. The Rainbow holds potential for high-grade copper deposits, with grades significantly above global averages.