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callinex mines inc (CAX) Snapshot

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52 Week High
02/28/14 - €0.42
52 Week Low
02/5/15 - €0.11
Market Cap
5.4M
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32.0M
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callinex mines inc (CAX) Details

Callinex Mines Inc. engages in the acquisition, exploration, and development of mineral properties in the provinces of Manitoba and British Columbia, Canada. It explores for volcanogenic massive sulfide deposits, copper, gold, graphite, zinc, lead, and nickel. The company primarily focuses on carrying out exploration activities on the Flin Flon and Pine Bay properties located in the Flin Flon Mining area. Its properties also comprise Gossan/Rug claims, Sneath Lake property, Coles Creek property, Fox River property, Moak Lake property, Norris Lake property, the Herblet Lake property, the Island Lake property, and the Pulver Lake property. The company was incorporated in 2011 and is headquartered in Vancouver, Canada.

Founded in 2011

callinex mines inc (CAX) Top Compensated Officers

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callinex mines inc (CAX) Key Developments

Callinex Mines Inc. Provides Overview on Exploration Focus and Identifies Targets for Upcoming Diamond Drilling Campaign

Callinex Mines Inc. provided an overview on its exploration targets in advance of phase one of the 4,000m two-phase diamond drilling campaign at its Pine Bay and Flin Flon projects. The company has identified three high-priority target areas, two at the Pine Bay Project and one at the Flin Flon Project. The Company has compiled historic data from more than 400 drill holes and a 75-line km ground geophysical program is underway to assist in identifying, evaluating and prioritizing targets. Drilling is scheduled to commence initially at the Pine Bay deposit where there is potential to expand gold and copper mineralization.

Callinex Mines Inc. Auditor Raises 'Going Concern' Doubt

Callinex Mines Inc. filed its Annual on Jan 26, 2015 for the period ending Sep 30, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Callinex Mines Inc. Announces 4,000 Meter Drilling Campaign on Pine Bay and Flin Flon Projects

Callinex Mines Inc. announced its fully funded 2015 exploration program focusing on its Pine Bay and Flin Flon projects located near Flin Flon, Manitoba. The objectives of the two-phase drilling campaign are to confirm, expand and discover high-grade copper and zinc rich massive sulfide mineralization. The Company has recently compiled and re-evaluated historic data on the Pine Bay and Flin Flon projects in support of its 2015 exploration program. Phase one of the drilling campaign is anticipated to commence within 60 days. The exploration program is well underway with ongoing interpretation of existing geological and geophysical data and plans for additional ground geophysics on prospective targets. Phase one of the drilling campaign consists of approximately 2,000m and will be focused on expanding high-grade mineralization at Pine Bay. The second phase of exploration is planned to commence this summer and will include additional geophysics and approximately 2,000m of drilling with an objective to follow up on initial results and test additional prospective geophysical targets hosted within favorable geology. The Pine Bay Project is located 16km east of Hudbay's 777 Mine and hosts four high-grade VMS deposits. The project is at an advanced permitting stage and includes a 212m vertical shaft with 760m of underground workings nearby historic resources. Previous operators reported historic resource estimates totaling 1.62 million tons at a grade of 2.81% copper equivalent. This is a historic estimate and has not been verified by the Company and should not be relied upon.

 

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