Callinex Mines Inc V.CNX

Alternate Symbol(s): CLLXF

Metals & Mining Industrial Metals & Minerals

Callinex Mines Inc. is a Canada-based company. The Company is advancing its portfolio of base and precious metals-rich deposits located in Canadian mining jurisdictions. The focus of the portfolio is the Rainbow and Alchemist deposits at its volcanogenic massive sulfide (VMS) Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Pine Bay hosts a high-grade copper, zinc gold and silver Rainbow deposit. The second asset in the portfolio is the Nash Creek Project located in the VMS-rich Bathurst Mining District of New Brunswick. The third asset, the 100% owned Point Leamington Deposit in Newfoundland, is located in the VMS and gold districts in Canada. It owns a 100% interest in the Gossan Gold Project and the Superjack Project. The Company’s other properties include the Sneath Lake property, Coles Creek property, Fox River property, Moak Lake property, Herblet Lake property, Headway property, Headway North claim and the Island Lake properties.

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Callinex Mines Inc

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Post by wordsouton Mar 02, 2017 6:44am

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Post# 25917388

CNX or PUM?

CNX 0.33 / PUM 0.085 PUM in final steps of completing 100% ownership of this proven resource located close to Trevali (TV-zinc producer, currently trading in the $1.40 range). Both have low number of shares outstanding. Full disclosure, I own PUM & ELN. 1 Billion pounds of zinc with price of zinc in the $1.35 - $1.40 lb range. FYI

The Murray Brook deposit contains historical resources of 1 billion pounds (lbs) of zinc, 183 million lbs of copper, 390 million lbs of lead, 23.9 million ounces (“oz”) silver and 338,000 oz. of gold within historical Measured and indicated Resources of 17,884,000 tons @ 2.73% Zn, 0.47% Cu, 0.99% Pb, 41.7 grams per ton (“g/t Ag”) and 0.59 g/T Au.

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