Callinex Mines Inc.

Callinex Mines Inc. is pleased to announce the closing of its previously announced option agreement with Voyageur Mineral Explorers Corp. whereby the Company has optioned a 100% interest in the Alberts Lake Project, Manitoba . Under the terms of the option agreement, Callinex will acquire a 100% interest in the Alberts Lake Project by making the [...]

Callinex Mines Inc. is pleased to announce the closing of its previously announced non-brokered private placement of $2,094,409 , which represents an oversubscription of $594,409 of the originally announced financing . The Financing consists of 753,412 hard dollar units at a price of C$1.25 per HD Unit for gross proceeds of up to C$941,765; and [...]

Callinex Mines Inc. pleased to announce a non-brokered private placement of up to $1.5 million . The Offering will be used to fund a drilling campaign at the Company's 100% owned Pine Bay Project to expand the Descendent discovery and test other high-priority target areas . The Offering will consist of up to 400,000 hard dollar units at a price of [...]

Highlights: Callinex has received a $250,000 grant from the Manitoba Mineral Development Fund to advance the Pine Bay Project; Proceeds from grant will fund various long lead items to support permitting and future mine development; Company has received over $1m in grants from MMDF to advance high-grade copper discoveries at Pine Bay since 2020; and [...]

Highlights: Widely spaced step-out planned to test Descendent deposit down the plunge to vector towards high-grade copper VMS mineralization; MT geophysical survey data supports exploration thesis Descendent sits at the hinge of a fold nose indicating the potential of a wider lens of mineralization; New target areas, Poseidon and Ra, outline the [...]

Highlights: Acquired and staked ground consolidates the largest felsic volcanic rock package in the Flin Flon Greenstone Belt, the host rock for the majority of the historic copper/gold/zinc/silver VMS mines in the Flin Flon and Snow Lake regions; Newly acquired ground hosts one gold deposit and a relatively recently interpreted growth fault [...]

Highlights: MT results provide support that Descendent deposit continues at depth; A second very strong resistivity low anomaly starting 350m below surface interpreted to reveal large target areas along VMS horizons that host the Rainbow and Pine Bay VMS deposits; Conductive borehole pulse electromagnetic anomalies further strengthens target areas [...]

Highlights: Initial results have tight correlation with known Pine Bay deposit and structure; Preliminary survey has identified a large target at depth on the Pine Bay horizon which could potentially represent the fold limb of the Descendent; MT survey is currently being expanded with longer survey lines over the Pine Bay, Descendent and Alchemist [...]

Highlights: MT survey planned to cover the Rainbow, Pine Bay, Descendent and Alchemist deposits and target area Odin; Survey being completed to provide additional information about the depth, location and potential of the deposits at the Project; and Survey will add to Callinex's robust geophysical data set and further aid exploration as the [...]

Highlights: New drill hole DSC-112-W1 is a 125m step-out from Descendent discovery hole DSC-111; DSC-112-W1 intersects multiple Cu-Zn-Au-Ag zones including 7.00m of 1.71% CuEq and 9.0m of 0.65% CuEq; Grades intersected at Descendent are comparable to grades intersected at the top of the nearby Rainbow deposit; Recent intersection confirms a [...]