SAN FRANCISCO, CA--(Marketwired - September 04, 2015) - Manitoba's Flin Flon Greenstone Belt has yielded VMS discoveries resulting in dozens of mines. Callinex Mines has been a big part of that success for almost a century and believes it has the properties that will become the district's latest winners. In this interview with The Gold Report, Callinex President and CEO Max Porterfield explains how high-grade assays and proximity to existing producers could lead to his company discovering the ore that HudBay will soon need.
The Gold Report: Callinex Mines Inc. (TSX VENTURE: CNX) (OTCQX: CLLXF) has two strategic projects, Flin Flon and Pine Bay, located in Manitoba's Flin Flon Greenstone Belt. What makes this district special?
Max Porterfield: This district has seen 32 mines over the last century, mining 145 million tons of ore. It's famous for its volcanogenic massive sulphide (VMS) deposits of high-grade copper, zinc, gold and silver. It remains highly prospective and underexplored.
TGR: What makes Manitoba such a good mining jurisdiction?
MP: It's in Canada, of course, so it's safe and stable. Manitoba has excellent infrastructure and an experienced workforce. The provincial government is very supportive of mining through its Mineral Exploration Assistance Program that issues rebates of up to 40% on exploration expenditures, up to $200,000 a year. Furthermore, we've seen major companies such Alamos Gold Inc. (TSX: AGI) (NYSE: AGI) and Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) recently establish a presence.
Continue reading this interview: Resource Capital Funds Backs Callinex's Strategy near HudBay Operations
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DISCLOSURE:
Callinex Mines is a sponsor of Streetwise Reports. Max Porterfield had final approval of the content and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Porterfield and not of The Gold Report or its officers.