Callinex Mines (CANX) - Technical Analysis & Due Diligence

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

The portfolio is highlighted by its Pine Bay Project in the Flin Flon Mining District, which hosts the high-grade copper, gold, silver and zinc Rainbow Deposit that is being rapidly expanded. The Rainbow Deposit is located within a mineral lease, less than 250m from a high-voltage hydroelectric power-line and 550m from a historic shaft with direct road access to processing facilities in Flin Flon, MB.

Additionally, the Company advancing two near surface silver discoveries in close proximity to its Nash Creek deposit in the Bathurst Mining District of New Brunswick. A 2018 PEA on its Bathurst Project portfolio outlined a mine plan that generates a strong economic return with a pre-tax IRR of 34.1% and NPV8% of $230 million.