Callinex Mines - CLLXF STOCK NEWS

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.

Callinex Mines Inc. (OTC: CLLXF) announced significant drill results from its Pine Bay Project. Drill hole PBM-121 intersected 7.55m of 5.01% copper equivalent at a depth of 545m, marking a 257m step-out from previous high-grade results. PBM-118 reported 7.77m of 5.55% copper equivalent, including high copper and silver grades. The company is enhancing its drilling efforts and has initiated geophysical surveys to further explore the Rainbow Deposit. Overall, the recent findings indicate a promising expansion of the deposit closer to the surface.

On March 5, 2021, Callinex Mines Inc. (OTC: CLLXF) announced the granting of 160,000 stock options to its directors, officers, and consultants. These options are exercisable at $5.00 per share, pending certain vesting requirements, and will expire five years from issuance. Callinex is known for its valuable portfolio of base and precious metals in Canada, particularly the Nash Creek and Superjack deposits in New Brunswick, presenting strong economic returns and significant exploration potential.

Callinex Mines Inc. has initiated its 2021 drilling campaign at the Pine Bay Project, located near Flin Flon, Manitoba. The focus is on four newly identified conductive anomalies, each extending 300m with a vertical depth of 200m, alongside further defining the Orange and Yellow zones of the Rainbow Deposit. The campaign aims to complete 30,000 meters of drilling, starting with two drill holes totaling 1,600 meters. The Rainbow Discovery has now expanded its strike length over 1 km to the south, indicating potential for further exploration.