Callinex Mines Inc V.CNX

Callinex Doubles Size of Pine Bay Project

[Betteryear2]

Highlights:

• Acquired and staked ground consolidates the largest felsic volcanic rock package in the Flin Flon Greenstone Belt, the host rock for the majority of the historic copper/gold/zinc/silver VMS mines in the Flin Flon and Snow Lake regions;
   
• Newly acquired ground hosts one gold deposit and a relatively recently interpreted growth fault corridor known to control and host at least two historic near-surface copper-rich VMS deposits and numerous Cu-Zn VMS occurrences;
   
• Growth fault corridor that hosts those two historic resources is similar to a parallel growth fault corridor that hosts Rainbow, Pine Bay, Descendent and other deposits 3km to the south; and
   
• Ground has been subject to limited very shallow exploration drilling on limited portions of the large land package.

VANCOUVER, BC, May 20, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce it has signed an option agreement with Voyageur Mineral Explorers Corp. ("Voyageur") to acquire a 100% interest in the Alberts Lake Project and staked additional claims to grow the Company's flagship 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba (Flin Flon District Overview Map). Callinex's Pine Bay Project now encompasses over 11,859 hectares (approximately 120 square kilometers) of highly prospective exploration ground and completely consolidates the Baker Patton Felsic Volcanic Complex ("Baker Patton") and another large felsic package known as the Alberts Lake Felsic Volcanic Complex (Pine Bay Project Geology). Combined, the Baker Patton and Alberts Felsic Complex contains the largest and most highly altered accumulations of surface exposed felsic volcanic rocks in the Flin Flon region. Felsic volcanic rocks also host almost all of the main copper, gold, silver and zinc bearing Volcanogenic Massive Sulphide ("VMS") deposits and mines discovered within the Flin Flon Greenstone Belt (Flin Flon Regional Geology).

Callinex Doubles Size of Pine Bay Project with Acquisition of Highly Prospective Exploration Land Package in Manitoba (prnewswire.com)