Callinex Mines is busy advancing its portfolio of zinc rich deposits located in the Bathurst Mining District and the Flin Flon Mining District in Canada, where nearby operations are actively mining for zinc, copper, gold and silver.

The company has recently raised $8.88M of which $6M is allocated for flow-through in Manitoba where they have the rapidly emerging Rainbow discovery which has high-grade Copper, precious metals, Gold, Silver and Zinc by-products. They have recently produced some good results which show the potential size of the project there. The objective of the 30,000m drill programme is to outline a 20-30 million tonne resource and to build the Rainbow project as an anchor mine for the Flin Flon area. 

The timeline for 2021 is to continue the Rainbow drill programme with initial results out in April. In the meantime, they are also in the early stages of drilling at the Nash Street project in New Brunswick where the 2018 PEA outlined a 10 year, 3,900 tpd open-pit mining operation. They are excited to be able to extend the life of the mine beyond 10 years. The story there is Silver and it is ideally located in proximity to infrastructure, the highway, power station, rail line and the port. They are advancing the near-surface silver discoveries in New Brunswick which have the potential to be significant in size, tonnage and are near-surface discoveries.

The market has reacted to the Callinex story so far and we’ve seen their share price go from C$2.85 to C$3.70 since we last spoke to the company in December. Everyone is interested in Copper and Silver commodities at the moment which is what the company is interested in. As the drill programme continues we will watch with interest as news of those come onto the market very shortly. 

Company page: https://callinex.ca/ 

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