Callinex Mines

Primary ticker: TSXV:CNX, OTC:CLLXF
Stage of development: Exploration, Development
Primary minerals: Gold, Silver, Copper, Zinc
Project to promote: Pine Bay Project
Project location: Canada
Website: www.callinex.ca

Callinex Mines Inc. is advancing its portfolio of base and precious metals rich VMS deposits located in established Canadian mining jurisdictions. The focus of the portfolio is highlighted by the rapidly expanding Rainbow, Descendent and Alchemist deposits at its rich VMS Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. The deposits at the Pine Bay project contain significant copper, zinc, gold and silver which the mining district is well known for. The Project benefits from existing all weather road access to Flin Flon, MB, hydroelectric power onsite and advanced permitting with a mineral lease.

A Maiden Mineral Resource Estimate was released in late 2023 for the Rainbow and Pine Bay deposits showing excellent high-grade copper grades and one of the most significant initial resources published to date in the Flin Flon district’s history. Notably, the initial mineral resource only covers a small footprint on the company’s Pine Bay project, which it recently doubled the size of, in Manitoba and does not include any drilling from the Company’s two most recent discoveries.

The focus now is to continue with its ongoing drilling campaign to step-out from Descendent, its newest high-grade discoveries and test three new target aeras to further increase the resource at Pine Bay. This year continues to be exciting as the Company grow’s the Project into a tier one Canadian base metal asset.

Cash: CAD 2.25M as of 07/25/2024
Debt: NIL

Major shareholders:
Max Porterfield

Mackenzie Investments

Arbiter Partners

SSI

U.S. Global Investors

Management & Associates – 23%

Financials

Management Profile

Max Porterfield – President and CEO

Mr. Porterfield, located in Vancouver, is an executive with over a decade of experience within natural resources and financial markets. Previously, Mr. Porterfield managed investor relations for two well respected resource companies, Brazil Resources Inc. and Uranium Energy Corp. In addition, Mr. Porterfield was previously Vice-President of Institutional Services at U.S. Global Investors, a boutique investment management firm with a longstanding history of expertise in precious metals and natural resources. He is a graduate of Texas Tech University, with a bachelor’s degree in business administration.

What is your rationale for taking part in 121 Mining Investment?

We are looking to meet with investors who are interested in value opportunities within the base and precious metal space.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:

We are currently focused on expanding our high-grade copper resource we published last year. Looking forward we are looking to expand and delineate the Descendent discovery at our Pine Bay Project as well as discover a new high-grade deposit within one of our many exciting target areas.

What recent news would you like to highlight to investors attending?

3rd Sept 2024 – Callinex Announces Commencement of 2024 Exploration Campaign at the Pine Bay Project Located in the Flin Flon Mining District, MB

8th Aug 2024 – Callinex Mines Closes Option Agreement on Alberts Lake Project

24th July 2024 – Callinex Mines Closes Oversubscribed $2.1 Million Private Placement Financing

10th July 2024 – Callinex Announces $1.5 million Private Placement Financing for Exploration Campaign at Pine Bay Project, MB

28th May 2024 – Callinex Receives $250,000 Grant from Manitoba Mineral Development Fund

22nd May 2024 – Callinex Announces 2024 Exploration Targets at the Pine Bay Project Located in the Flin Flon Mining District, MB

20th May 2024 – Callinex Doubles Size of Pine Bay Project with Acquisition of Highly Prospective Exploration Land Package in Manitoba

15th April 2024 – Callinex Announces Magnetotelluric (“MT”) Geophysical Survey Results over the Descendent Copper-Gold-Silver-Zinc Discovery at the Pine Bay Project

4th March 2024 – Callinex Announces Preliminary Magnetotelluric (MT) Geophysical Survey Results at the Pine Bay Project, Flin Flon Mining District, MB

29th Jan 2024 – Callinex Announces Magnetotelluric (MT) Geophysical Survey at the Pine Bay Project, Flin Flon Mining District, MB

22nd Jan 2024 – Callinex Intersects the Descendent in 125m Step-out at the Pine Bay Project, MB

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

The key risk is the inherent exploration risk in any exploration company. Callinex has the fortune to be in mining friendly Flin Flon, Manitoba with a proven mining district that has had 32 operations of the last century. We are expanding on the high-grade copper rich discoveries at Pine Bay and expect to expand the tonnage already outlined significantly. Recently the Company expanded the land package and consolidated key exploration ground the Company believes host tremendous exploration potential.

What do you think makes your company such a compelling investment?

The Company has expanding high-grade copper discoveries with key infrastructure onsite and within proximity to a workforce that is supportive of mining. Additionally, the Company boasts a technical team that’s discovered numerous mines in the area and a tight capital structure with a supportive shareholder base.

What are the top 3 key investor takeaways?

Expanding high-grade copper rich VMS discoveries.

Experienced management team for both discoveries and development of several major mining operations in Flin Flon, Manitoba and throughout Canada.

Tight share structure.