There’s an old adage in the mining sector stating ‘the best place to find a new mine is in the shadow of an old mine’. That’s still a very true statement and it could very well be Callinex Mines’ (TSXV:CNX) company slogan as it’s exploring right next door to the 777 Mine operated by HudBay Minerals in Manitoba.

Callinex Mines seems to be the most obvious nearology-play there is. It’s operating in a safe region in a proven VMS deposit in the shadow of a producing mine. On top of that, that producing mine will be depleted by 2020 and the exploration programs executed by HudBay are definitely not yielding the results they were hoping for whilst Callinex Mines now owns the largest land package in the immediate vicinity of the 777 mine that is not controlled by HudBay.
Callinex is also advancing the Nash Creek zinc projects where it plans to publish an updated resource estimate followed by a Preliminary Economic Assessment. Both the Nash Creek and Superjack projects are located in New Brunswick, close to existing processing facilities.

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