Callinex Mines Inc. (
TSX: V.CNX,
Stock Forum) got a lift Monday after the company said it had begun drilling for copper and zinc-rich massive sulphides on its Pine Bay Project near Flin Flon, Manitoba.
The stock rose 14% to 28.5 cents, leaving the company with a market cap of $9.1 million, based on 32 million shares outstanding. The 52-week range is 64 cents and 16 cents.
Callinex is headed by its 31-year-old President and CEO Max Porterfield, who has worked for U.S. fund manager Frank Holmes at U.S. Global Investors, and thinks there has never been a better time to be involved in the exploration game. Shares continued to climb Tuesday,
seeing a 22.81% increase to $0.35 per share.
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