Tag: #777

Callinex expects new assay results by the end of this month

Callinex expects new assay results by the end of this month

Callinex Mines (CNX.V) is still drilling on its Pine Bay project in Manitoba’s Flin Flon district and has drilled an additional 3,000 meters in six holes since the most recent exploration update was published in January. The assay results for these six holes are expected by the end of March […]

Callinex Mines raises C$2.4M from warrant exercises

Callinex Mines raises C$2.4M from warrant exercises

Callinex Mines (CNX.V) has increased its cash position to approximately C$10M after seeing an inflow of C$2.4M related to the accelerated expiration of its warrants. The company wanted to reduce its total before releasing more assay results and starting its 2017 drill program. In the near term, all eyes will […]

Callinex Mines will raise C$5M through the Sprott Group

Callinex Mines will raise C$5M through the Sprott Group

Callinex Mines (CNX.V) has announced it has signed a term sheet with Sprott Private Wealth to complete a non-brokered financing to raise C$5M. The offering will consist of 8 million units at 50 cents,and an additional 1.82 million (flow-through) units at C$0.55 for a total of C$5M. Each unit will […]

Callinex Mines has started its Pine Bay summer drill program

Callinex Mines has started its Pine Bay summer drill program

Callinex Mines (CNX.V) continues to work hard to prove up additional value on its base metal projects, and the company has just kicked off its summer drilling campaign in Manitoba where it’s still exploring its 100% owned Pine Bay VMS project in the shadow of HudBay Minerals (HBM.TO, HBM) 777 […]

Callinex Mines is putting its money to good use and acquires a zinc project

Callinex Mines is putting its money to good use and acquires a zinc project

Callinex Mines (CNX.V) has signed a binding purchase agreement with Newmarket Gold (NMI.TO) whereby Callinex will acquire Newmarket’s Point Leamington project in Newfoundland, Canada. Leamington is an advanced stage project with an inferred resource estimate of just over 14 million tonnes with an average grade of 6.2% zinc-equivalent. The zinc-equivalent […]

Callinex Mines confirms a new VMS discovery at Pine Bay!

Callinex Mines confirms a new VMS discovery at Pine Bay!

Callinex Mines (CNX.V) has had a very busy PDAC conference as the company announced on the first business day of the conference it has effectively made a new discovery at its Pine Bay project. As you remember from our previous reports and blog posts, Callinex Mines was gearing up for […]

Callinex Mines is ready to start its January drill program

Callinex Mines is ready to start its January drill program

Callinex Mines (CNX.V) has announced it has received the permits it needs to start its winter drill program at the Flin Flon and Pine Bay projects, in the shadow of HudBay Minerals (HBM) 777 concentrator. The drill program is anticipated to start in January and will consist of 6,000-7,500 meters […]