After acquiring the Nash Creek and Superjack projects just two years ago, Callinex Mines (CNX.V) embarked on two exploration programs to upgrade and increase the existing resources. This culminated in a decent resource update in April where the total amount of zinc and lead showed a substantial increase. The cut-off […]
We already reported on Osisko Metals’ (OM.V) proposed acquisition of Pine Point Mining (ZINC.V) in an attempt to boost its zinc portfolio with more advanced stage zinc assets in Canada. Just shortly after announcing the acquisition, Osisko Metals wrote another cheque to purchase the Kay Anacon claims, a 981 hectare […]
Last year, we reported on Callinex Mines’ (CNX.V) acquisition of three primary zinc deposits in Eastern Canada. At the time, Callinex wanted to make a major foray into the zinc space with the metal then trading around $0.70 to $0.80 per pound. The company also wanted to leverage its VMS-focused […]
Callinex Mines (CNX.V) has continuously updated the market on its exploration efforts over the past 18 months as it has been actively exploring for VMS systems in Manitoba’s Flin Flon Belt. The market reacted disappointed when Callinex published an intermediate exploration update, but the company will very likely publish the results of […]
Callinex Mines (CNX.V) has announced it has entered into an option agreement to acquire the full ownership of the Big Island project. Big Island is located just 10 kilometers from HudBay Mining’s (HBM, HBM.TO) 777 processing plant. This addition to the already existing land package makes Callinex one of the […]
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 (CNX.V) has received an additional batch of drill results from its ongoing drill program at Pine Bay, Manitoba. Hole 93W02 did intersect the Pine Bay horizon at a depth of 1264 to 1272 meters down-hole, intersecting three copper-rich stringer zones with a few higher grade results, albeit over […]
Callinex Mines (CNX.V), one of the hottest exploration stories of the past few months after the discovery of a high-grade base metal zone at its Pine Bay project in Manitoba, has announced its plans for a follow-up drill program. The company is now planning to drill up to 10,000 meters […]
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 (CNX.V) has reported the first assay results from its summer drill program at the Sourdough area of its large Pine Bay project. Hole 005 has intersected almost 25 meters of Volcanogenic Massive Sulphide (VMS) mineralization after it intersected the edge of a geophysical target. According to Callinex, ‘The […]
Callinex Mines (CNX.V) has released an updated resource estimate for the Nash Creek project which was recently acquired from Slam Exploration. The indicated resource category now contains 9 million tonnes at an average grade of 2.79% zinc, 0.57% lead and 18.16 g/t silver for a total zinc-equivalent grade of 3.58%. […]
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 […]