Interview with Max Porterfield, President & CEO of Callinex Mines (TSX-V: CNX)

Our previous interview: https://youtu.be/CyQkM3ZVgWM

Recording date: 12th July 2023

Callinex Mines Inc. (CNX on TSXV and CLLXF on OTCQX) is making significant progress with its diverse portfolio of deposits rich in base and precious metals, situated in well-established Canadian mining regions. The company's attention is particularly on the Rainbow and Alchemist deposits within the Pine Bay Project in the Flin Flon Mining District, due to their rapid expansion. These deposits are advantageously located near existing infrastructure.

Another important asset within Callinex's portfolio is the Nash Creek Project in New Brunswick's Bathurst Mining District, known for its VMS richness. Based on a 2018 PEA, this project shows robust economic potential with a pre-tax IRR of 34.1% (25.2% after tax) and an NPV8% of $230 million ($128 million post-tax), assuming $1.25 Zinc.

In Newfoundland, Callinex owns 100% of the Point Leamington Deposit, which lies in one of Canada's most lucrative VMS and Gold Districts. The company has prepared a pit-constrained Indicated Mineral Resource of 5.0 Mt at 2.5 g/t AuEq, translating to 402 koz AuEq (which includes 145.7 koz gold, 60.0 Mlb copper, 153.5 Mlb zinc, 2.0 Moz silver, 1.5 Mlb lead). Additionally, it has an inferred pit-constrained Mineral Resource of 13.7 Mt at 2.24 g/t AuEq, equating to 986.5 koz AuEq (composed of 354.8 koz gold, 110.2 Mlb copper, 527.3 Mlb zinc, 6.2 Moz silver, 7.0 Mlb lead), and an out-of-pit Inferred Mineral Resource of 1.7 Mt at 3.06 g/t AuEq for 168.5 koz AuEq (65.4 koz gold, 13.3 Mlb copper, 102.9 Mlb zinc, 1.4 Moz Ag, 2.6 Mlb lead).