Callinex Mines Inc. is pleased to announce that it is increasing the size of its previously announced brokered private placement offering for gross proceeds of up to $8,200,000 in securities of the Company. The Offering is being conducted by Research Capital Corporation to act as lead agent and sole bookrunner, on behalf of a syndicate of agents [...]
Callinex Mines Inc. is pleased to announce that it has entered into an agreement with Research Capital Corporation to act as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited and Clarus Securities Inc. , on a best-efforts basis, for a private placement offering of an aggregate of up to [...]
Highlights: Most notably, led the development and construction of several mines in the Flin Flon Greenstone Belt, including two of the largest, the 777 mine as well as the discovery and initial development of the Lalor mine; Instrumental in the development and transformation of HudBay into a substantial international mining company; and Will assist [...]
Highlights: The Company has identified high priority exploration targets at depth on the Rainbow deposit where it remains open for expansion; Modeling of BPEM data at Alchemist indicates numerous anomalies for follow up drilling; High-grade gold and silver mineralization provides optimism at target area Odin; and Opportunity to build a high-grade [...]
Callinex Mines Inc. has been made aware of and has been requested by the OTC Markets Group Inc. to comment on recent trading and promotional activity related to the Company's common shares. On or about January 23, 2023, the OTC Markets made the Company aware that certain promotional emails were published by Wealth Global Group discussing the [...]
Highlights: The Company has received all pending assay results related to 2022 drilling at the Rainbow deposit; Over 42,000m of drilling across 82 drill holes completed at the deposit area since discovery in 2020; Awaiting maiden NI 43-101 resource estimate on Rainbow deposit within the first 800m of surface and updated resource on historic Pine [...]
Callinex Mines Inc. is pleased to provide its year-end letter to shareholders from President and CEO, Max Porterfield: Dear Shareholders, We are pleased to enter 2023 on the heels of another year of exciting results and key milestones to come. None of this would be possible without the continued support of our dedicated shareholders, stakeholders [...]
Highlights: PBM-177 intersected 33.67m of 4.29% copper, 0.22 g/t gold, 4.63g/t silver and 0.31% zinc including 10.47m of 5.90% copper, 14.43m of 5% copper and 7m of 6.38% copper; PBM-178 extends the Yellow zone with 7.40m of 7.06% copper and infills the Orange zone with 8.45m of 6.18% copper; PBM-175 intersected 16m of 2.85% copper, 0.24 g/t gold [...]
Highlights: Last hole to intersect the discovery, ALC-114, returned 4.40m of 4.02% CuEq including 1.60% copper, 5.14% zinc, 0.40 g/t gold and 21.78 g/t silver; The Alchemist exhibits a minimum strike length of 140m and remains open for expansion in multiple directions; Alchemist is located at that the base of growth fault at Pine Bay and analogous [...]
Highlights: One drill rig has completed 11 holes to define the Rainbow in anticipation of a NI 43-101 resource estimate on the deposit; A second rig has begun to test three of the five previously announced target areas; and Assays pending on all holes from the current drill campaign. Callinex Mines Inc. is pleased to announce that it has completed [...]
Highlights: One drill rig will focus on continuing to define the Rainbow in anticipation of a 43-101 resource estimate on the deposit; and A second rig will test geophysical targets identified at the base of the interpreted growth fault that hosts Rainbow and five other deposits and along the trend that also hosts the Sourdough deposit and [...]
Callinex Mines Inc. is pleased to announce that it has closed its fully subscribed non-brokered private placement for gross proceeds of C$6.24 million . The Offering will be used to fund the ongoing drill campaign at the Rainbow Deposit, Pine Bay, Manitoba. Max Porterfield, President and CEO stated, "The Company is now fully funded and focused on [...]