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CALLINEX MINES INC - CLLXF STOCK NEWS

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Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is advancing its base and precious metals rich deposits in established Canadian mining jurisdictions. The flagship Pine Bay Project showcases rapid expansion at Rainbow and Pine Bay, alongside the Descendent discovery, with ongoing exploration for large VMS deposits.

The recent Pine Bay mineral resource estimate includes the Rainbow deposit with indicated resources of 3.44 Mt at 3.59% CuEq and inferred resources of 1.28 Mt at 2.95% CuEq, and the Pine Bay deposit with inferred resources of 1.0 Mt at 2.62% Cu.

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Preliminary results from the MT survey show a strong correlation with the Pine Bay deposit, with a large target identified at depth potentially representing the fold limb of the Descendent. The survey is being expanded to cover more areas, including the Alchemist deposits and target area Odin, to gather additional information.
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Canadian Lithium Corp (CLLXF) plans to conduct a survey covering multiple deposits and target areas to gather additional information.
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Callinex Mines Inc. announces new drill hole DSC-112-W1 intersecting multiple Cu-Zn-Au-Ag zones at the Descendent discovery. The results confirm a large geophysical target and plans are underway for an exploration campaign to define the size and extent of the Descendent. The grades intersected at Descendent are comparable to the nearby Rainbow deposit. The company's exploration thesis is that the grades will continue to improve and transition into high-grade copper at depth with further drilling at Descendent.
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Callinex Mines Inc. has achieved significant milestones in 2023, including a maiden mineral resource estimate of high-grade copper equivalent mineralization at its flagship Pine Bay Project in Manitoba and the Descendent discovery by drill hole DSC-111, which intersected four mineralized base and precious metals rich VMS zones. The company is focused on aggressively expanding the resource base through Descendent step-out drilling and further defining other pipeline discoveries. President and CEO, Max Porterfield, expresses strong conviction for 2024, anticipating another transformative year for the company.
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Callinex Mines Inc. begins step-out drilling on Descendent discovery at Pine Bay Project
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Callinex Mines announces high-grade copper, zinc, gold, and silver discovery at Pine Bay Project
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Callinex Mines Inc. files NI 43-101 technical report supporting high-grade copper resource estimate for Pine Bay Project. Completed 6,455m of drilling for 2023 campaign. Receives $500,000 grant from Manitoba Mineral Development Fund.
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Callinex Mines announces high-grade copper maiden mineral resource estimate for Pine Bay Project in Manitoba
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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.

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FAQ

What is the current stock price of CALLINEX MINES (CLLXF)?

The current stock price of CALLINEX MINES (CLLXF) is $0.5956 as of December 20, 2024.

What is the market cap of CALLINEX MINES (CLLXF)?

The market cap of CALLINEX MINES (CLLXF) is approximately 11.7M.

What projects is Callinex Mines Inc. focused on?

Callinex Mines Inc. is focused on the Pine Bay Project in the Flin Flon Mining District of Manitoba, showcasing rapid expansion at Rainbow and Pine Bay, alongside the Descendent discovery.

What are the mineral resource estimates for Callinex Mines Inc.?

The recent Pine Bay mineral resource estimate includes the Rainbow deposit with indicated resources of 3.44 Mt at 3.59% CuEq and inferred resources of 1.28 Mt at 2.95% CuEq, and the Pine Bay deposit with inferred resources of 1.0 Mt at 2.62% Cu.

What updates are available on Callinex Mines Inc.'s exploration targets?

Stay informed with the latest updates on Callinex Mines Inc.'s exploration targets at the 100% owned Pine Bay Project, with a focus on step-out drilling at Descendent and testing three new target areas: Poseidon, Ra, and Odin.

CALLINEX MINES INC

OTC:CLLXF

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11.75M
12.68M
6.91%
4.69%
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