Flin Flon greenstone belt

Callinex Announces Magnetotelluric ("MT") Geophysical Survey Results over the Descendent Copper-Gold-Silver-Zinc Discovery at the Pine Bay Project

Retrieved on:

Monday, April 15, 2024

The 3km MT survey line over the Descendent discovery and near surface historic Cabin deposit has been collected and processed ( Pine Bay Project Plan View with Proposed MT Survey Lines ).

Key Points:

The 3km MT survey line over the Descendent discovery and near surface historic Cabin deposit has been collected and processed ( Pine Bay Project Plan View with Proposed MT Survey Lines ).
Max Porterfield, President and CEO, stated, "The MT survey results over the Descendent deposit provide additional support for and strengthen our conviction of the potential of the Company's newest discovery.
Resistivity low survey results strongly correlate with the halo of stringer mineralization (alteration package) enveloping the Descendent discovery which consists of copper-gold-zinc-silver bearing Volcanogenic Massive Sulphide ("VMS") mineralization ( MT Survey Descendent Line Cross Section ).
The Company will soon announce the remaining two MT survey lines, Pine Bay and Odin, in the very near future.

Hudbay and Marubeni Sign Flin Flon Option Agreement to Advance Exploration Partnership

Retrieved on:

Wednesday, March 13, 2024

Flin Flon greenstone belt, Uncertainty, HBM, Exercise, Agreement, Geology, Partnership, Risk, Option, VMS, Copper, Gold, News, Anomaly, Don Jon, TSX, Marubeni, IP, Legislation, Mining, Uranium mining

“This exploration partnership with Marubeni represents a significant milestone towards unlocking potential future value in the Flin Flon region,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer.

Key Points:

“This exploration partnership with Marubeni represents a significant milestone towards unlocking potential future value in the Flin Flon region,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer.
“This arrangement allows us to partner with Marubeni and leverage our operational and exploration expertise to test our large Flin Flon land package to potentially bring another mine into production and utilize Hudbay’s idle processing infrastructure in Flin Flon.
Upon successful completion of Marubeni’s earn-in obligations, Marubeni may exercise its Option to form a joint venture with Hudbay for any of the designated projects.
Hudbay has granted Marubeni an option to acquire a 20% interest in three projects located within trucking distance of Hudbay’s processing facilities in Flin Flon, Manitoba.

Callinex Announces Preliminary Magnetotelluric (MT) Geophysical Survey Results at the Pine Bay Project, Flin Flon Mining District, MB

Retrieved on:

Monday, March 4, 2024

VANCOUVER, BC, March 4, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce preliminary results from the recently announced magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( See news release dated January 29, 2024 ).

Key Points:

VANCOUVER, BC, March 4, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce preliminary results from the recently announced magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( See news release dated January 29, 2024 ).
The Company has received preliminary results from the MT survey over the Pine Bay where a 1km line of MT data has been collected and processed ( Pine Bay Project Plan View with Proposed MT Survey Lines ).
Preliminary results from the MT survey have, to date, tightly defined the known Pine Bay deposit as well as the known Pine Bay horizon/structure that hosts the mineralization ( Preliminary Pine Bay MT Survey Data ).
The survey will cover 3km over each of the respective areas instead of the originally planned 1km survey lines.

Callinex Announces Magnetotelluric (MT) Geophysical Survey at the Pine Bay Project, Flin Flon Mining District, MB

Retrieved on:

Monday, January 29, 2024

VANCOUVER, BC, Jan. 29, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that the Company is in the process of completing a magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( Pine Bay Project Plan View with Proposed MT Survey Lines ).

Key Points:

VANCOUVER, BC, Jan. 29, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that the Company is in the process of completing a magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( Pine Bay Project Plan View with Proposed MT Survey Lines ).
The Company is in the early stages of completing an MT survey across the Rainbow, Pine Bay, Descendent, Alchemist deposits and target area Odin.
The first line of MT survey data has been collected across the known Pine Bay deposit and will soon be processed by Abitibi.
The number of deposits at Pine Bay are located within the Baker Patton Felsic Complex, one of the largest and most highly altered accumulations of felsic rocks within the Flin Flon Greenstone Belt.

Callinex Intersects the Descendent in 125m Step-out at the Pine Bay Project, MB

Retrieved on:

Monday, January 22, 2024

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The Descendent discovery has unique characteristics that make it an opportunity worth immediately seizing through additional drilling.

Key Points:

The Descendent discovery has unique characteristics that make it an opportunity worth immediately seizing through additional drilling.
This year's exploration campaign will be another exciting one where we will remain focused on growing Pine Bay into a tier one asset with numerous expanding high-grade discoveries."
The Descendent remains open to the north, and vertically below DSC-112-W1 ( Descendent Discovery Long Section ).
Looking forward, the Company will continue to aggressively expand the resource base with a focus on step-out drilling at Descendent.

Callinex Commences Step-out Drilling on Descendent Discovery at the Pine Bay Project, MB

Retrieved on:

Thursday, October 5, 2023

CNX, The Company, Rainbow, National instrument, Silver, Gold, VMS, Descendant, See, Flin Flon greenstone belt, Lalor, News, Alchemy, Zinc, Mining, Road, Flin, MB

Step-out drill hole DSC-112 is testing the Descendent 200m vertically below discovery hole DSC-111.

Key Points:

Step-out drill hole DSC-112 is testing the Descendent 200m vertically below discovery hole DSC-111.
The Descendent is situated 550m from the Pine Bay deposit, 1.4km from the Rainbow deposit and 2.9km from the Alchemist deposit, which are all located within a mineral lease.
The Descendent was intersected in drill hole DSC-111 at a down-hole depth of 1,318m and remains open in all directions.
Historic and recent exploration has identified seven VMS deposits, along with the new Descendent discovery, located in close proximity to the huge Baker Patton alteration zone.

Callinex Discovers Four Copper-Zinc-Gold-Silver Rich VMS Lenses in a Single Drill Hole at the Pine Bay Project, MB

Retrieved on:

Tuesday, September 12, 2023

The discovery hole, DSC-111, intersected four separate volcanogenic massive sulphide lenses ("VMS") with significant base and precious metal values within a total core width of 67.7m.

Key Points:

The discovery hole, DSC-111, intersected four separate volcanogenic massive sulphide lenses ("VMS") with significant base and precious metal values within a total core width of 67.7m.
The Descendent is situated 550m from the Pine Bay deposit, 1.4km from the Rainbow deposit and 2.9km from the Alchemist deposit, which are all located within a mineral lease.
Geologically, the Cabin Zone area has always been considered one of the most promising areas to host additional VMS deposits."
Several historic deposits at the Pine Bay Project, along with the Centennial Mine to the south, are poor geophysical conductors.

Hudbay and Marubeni Establish Framework for Flin Flon Exploration Partnership

Retrieved on:

Thursday, July 6, 2023

HBM, Flin Flon greenstone belt, Uncertainty, Partnership, VMS, Marubeni, Risk, Mining, MOU, TSX, News, NYSE, Legislation, Risk management, Hudbay, Flin Flon, Flin

TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announces the signing of a memorandum of understanding (“MOU”) with Marubeni Corporation (“Marubeni”) that establishes the framework for a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay’s existing processing facilities in Flin Flon, Manitoba.

Key Points:

TORONTO, July 06, 2023 (GLOBE NEWSWIRE) -- Hudbay Minerals Inc. (“Hudbay” or the “company”) (TSX, NYSE: HBM) announces the signing of a memorandum of understanding (“MOU”) with Marubeni Corporation (“Marubeni”) that establishes the framework for a multi-year exploration partnership focused on the discovery of new deposits within trucking distance of Hudbay’s existing processing facilities in Flin Flon, Manitoba.
“Signing this MOU is the beginning of what we hope will be a long-term relationship between Hudbay and Marubeni to unlock value in the Flin Flon region,” said Peter Kukielski, Hudbay’s President and Chief Executive Officer.
“This exploration partnership would allow us to couple our operational and exploration expertise with Marubeni’s balance sheet strength to test our large Flin Flon land package and potentially revive our dormant Flin Flon processing facilities.
The MOU also provides a framework for a future joint venture between the parties if the exploration efforts are successful in discovering new deposits in the Flin Flon region.

Callinex Appoints Former HudBay CEO Peter R. Jones to Technical Team

Retrieved on:

Monday, February 6, 2023

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VANCOUVER, BC, Feb. 6, 2023 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce it has appointed mining engineer and entrepreneur Peter R. Jones to the Company's Technical Team.

Key Points:

VANCOUVER, BC, Feb. 6, 2023 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce it has appointed mining engineer and entrepreneur Peter R. Jones to the Company's Technical Team.
Peter has over 50 years mining industry experience spanning many areas of the world, including the Flin Flon Greenstone Belt.
Peter also provided leadership and strategic vision to establish HudBay Minerals Inc. ("HudBay") which is now a respected multinational mining company.
Callinex President and CEO, Max Porterfield, stated, "We are excited to welcome Peter as a member of our technical team.

Callinex Announces 2023 Exploration Targets at the Pine Bay Project Located in the Flin Flon Mining District, MB

Retrieved on:

Monday, January 30, 2023

VANCOUVER, BC, Jan. 30, 2023 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to outline its 2023 exploration targets at the 100% owned Pine Bay Project (the "Project") located within the Flin Flon Mining District of Manitoba.

Key Points:

VANCOUVER, BC, Jan. 30, 2023 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to outline its 2023 exploration targets at the 100% owned Pine Bay Project (the "Project") located within the Flin Flon Mining District of Manitoba.
Each target area outlined has the potential to significantly expand the high-grade copper resource base that has been discovered and defined so far at Pine Bay."
It'll be exciting to see how things unfold at depth for Rainbow as well as the other exciting exploration targets our team has outlined at Pine Bay."
Elevated precious metals, silver in particular, are a strong vectoring tool towards massive sulphides within VMS systems ( Pine Bay Project Plan View ).