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Callinex Mines (TSXV:CNX) discovers high-grade copper, zinc, gold and silver deposit at Pine Bay

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TSXV:CNX
07 September 2022 12:30 (EDT)

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Callinex Mines (CNX) has discovered a new high-grade copper, zinc, gold and silver bearing Volcanogenic Massive Sulphide deposit at the Pine Bay Project.

Last hole drilled into the Alchemist to date, ALC-114, returned 4.40m of 4.02% CuEq including 1.60% copper, 5.14% zinc, 0.40 g/t gold and 21.78 g/t silver.

The Pine Bay Project is located in the Flin Flon mining district of Manitoba.

Max Porterfield, President and CEO of Callinex Mines, sat down with Sabrina Cuthbert to discuss the news.

“We are thrilled with the initial results from the Alchemist, the newest discovery at our Pine Bay Project. The Alchemist deposit comes with the potential for significant resource growth for the Company, its shareholders and the community of Flin Flon.” Mr. Porterfield continued, “It’s noteworthy that, to date, each deposit discovered along the growth fault corridor at Pine Bay is significantly larger than the one that precedes it in proximity to Millrock Mountain. Similarly, the Flin Flon deposit sits in proximity to Millrock Hill, a well known outcropping at the base of the growth fault that also hosts the Callinan and 777 deposits in the town of Flin Flon.”

Callinex Mines Inc is a Canada-based company engaged in the acquisition, exploration, and development of VMS deposits. 

Callinex Mines Inc. (CNX) opened trading at C$2.70 per share.


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