Callinex Mines Inc.

Callinex Mines Inc. is a Canadian exploration company focused on discovering the next polymetallic volcanogenic massive sulfide (VMS) mine within Manitoba's prolific Flin Flon mining district. The company's lead projects are its Flin Flon and Pine Bay properties, which host significant historic VMS deposits and are within close proximity to an operating processing facility. The Flin Flon district has yielded more than 145M tonnes of production from 32 mines.

Expert Comments:

Thibaut Lepouttre, Caesars Report (5/20/16)
"Callinex Mines Inc. has signed a binding purchase agreement with Newmarket Gold 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 grade is based on a zinc grade of 1.86%, whilst the inferred resource also contains gold (1.07 g/t), silver (just over half an ounce per tonne) and approximately 0.42% copper."

Thibaut Lepouttre, Caesars Report (4/26/16)
"Callinex Mines Inc. released the results of an additional five drill holes from its winter drill program at Pine Bay project near Flin Flon, Manitoba. . .we're very pleased to see four of the five new holes that have now been reported also contain significant copper mineralization. . .the most notable intercept was discovered in hole 9, where the drill bit encountered almost 11m of 1.4% copper just 51m down hole. That's an excellent result, considering the company was targeting a large gravity anomaly, as that anomaly was also indicated in the company's surface and borehole electromagnetic survey."

Thibaut Lepouttre, Caesars Report (4/7/16)
"Callinex Mines Inc. has made a lot of progress in the past few quarters. . .after having announced a great interval of in excess of 44m at an average grade of 4% Cu eq, the company popped up on a lot of radar screens. . .Callinex Mines has found exciting intercepts in the past year. . .the acquisition of advanced stage VMS properties may be another catalyst for the stock and an opportunity for the company's technical team to leverage its expertise. . .we anticipate the management team will continue its aggressive, no-nonsense approach to build a strong portfolio of assets."

Thibaut Lepouttre, Caesars Report (3/15/16)
"The decision to go ahead with a rather sizeable exploration program has now paid off as Callinex Mines Inc. has officially confirmed the discovery and existence of a high-grade copper and zinc zone at Pine Bay within walking distance from HudBay Minerals's 777 mine in Manitoba. . .not only is the discovery hole locating a potentially sizeable ore body very close to existing infrastructure, but the exact size of the mineralized zone is still unknown as the discovery remains open along strike and at depth." (3/7/16)
"I love the magic of the Flin Flon Greenstone Belt in Manitoba and covering Callinex Mines Inc. . .the company is touting a new discovery at a time when HudBay's 777 mine is near exhausted and no further ore sources are known within the belt. . .Callinex is in a resurgence of its own after success in previous decades, and armed with some new funding from a highly regarded investment fund, is poised for investor consideration. . .if the discovery is one of the largest in the belt. . .they could either take it into production themselves or become a juicy takeover target."

Thibaut Lepouttre, Caesars Report (2/10/16)
"Despite having drilled just a few holes, Callinex Mines Inc. says it has already discovered a new volcanogenic massive sulfide zone at Pine Bay, approximately 450m away from the historic underground workings on the project. Hole 8 intercepted a 4m wide zone containing chalcopyrite at a vertical depth of 313m; that's an interesting achievement, and it confirms the value of having access to the data of exploration results over the past few decades."

More Expert Comments

Experts Following This Company

Jayant Bhandari
Raymond Goldie, Analyst – Salman Partners
Thibaut Lepouttre, Editor Caesars Report
Trish Saywell The Northern Miner

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