Tag: #PineBay

Callinex Mines continues to drill at Pine Bay

Callinex Mines continues to drill at Pine Bay

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 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 […]