Callinex Mines Inc V.CNX

Alternate Symbol(s): CLLXF

Metals & Mining Industrial Metals & Minerals

Callinex Mines Inc. is a Canada-based company, which is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The Company's projects include Flin Flon Area - Pine Bay, Flin Flon Area - Flin Flon, Nash Creek and Superjack, Point Leamington, and others. It owns a 100% interest in the approximately 6,795 hectares Pine Bay project. At Pine Bay project, the Company is focused on the advancement of the high-grade Rainbow Deposit and Descendent Deposit. Its Nash Creek project is located in the volcanogenic massive sulfide (VMS) rich Bathurst Mining District of New Brunswick. Its 100% owned Point Leamington Deposit in Newfoundland is located in one of the richest VMS and Gold Districts in Canada. Its Flin Flon project covers approximately 2,455 hectares. Its other properties include Gossan Gold, Sneath Lake 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 orezoneon Jan 22, 2018 10:32pm

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Post# 27412993

Sounds like a second lobe of ore.

Going to need to do some drilling but it sounds like another lobe to the deposit - like a mirror image of the already discovered deposit. This last drill pretty much guarantees a mine. If the new deposit proves up to a decent volume of ore, I can see them increasing mine operation to 25 - 30 m tonnes. That will increase the NPV substantially.

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