logo-loader
viewConporec Inc

Callinex shares jump 9% after new find in Manitoba

Shares of Callinex Mines rose 9% after the company announced the discovery of a new Volcanogenic Massive Sulphide zone at the Pine Bay Project in Manitoba, Canada

BHP-Billiton-Newman_opt.jpg
But what is in the truck? Manitoba results in 4 weeks

Shares of Callinex Mines (CVE:CNX) rose 9% after the company found a new Volcanogenic Massive Sulphide (VMS) zone at the Pine Bay project in Manitoba, Canada.

Located near HudBay's 777 Mine and processing facilities in Flin Flon, the VMS Zone was found around 450m east of the Pine Bay deposit and historic underground workings.

Drill hole PBM-008 hit massive sulphides with significant chalcopyrite mineralisation, a copper-bearing mineral, over a four meter width at a vertical depth of 313m and a subsequent zone with sphalerite stringers, a zinc-bearing mineral.

Canadian Callinex Mines is sending the core samples to the laboratory and expects analytical results within four weeks.

To date, four holes totaling around 2,967m have been completed as part of the previously outlined 7,300m-worth 2016 winter drilling campaign. The company expects that drilling will begin in the Sourdough area to follow-up on the discovery from the summer 2015 drilling programme once the ice thaws.

Callinex shares were up 9.1% at C$0.30.

Quick facts: Conporec Inc

Price: 0.68 CAD

TSX-V:CNX
Market: TSX-V
Market Cap: $7.25 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Search Minerals hoping to use patented technology in...

Search Minerals Inc. (CVE: SMY) President and CEO Greg Andrews joined Steve Darling from Proactive in Vancouver to discuss the company that if focuses on the exploration and development of the Critical Rare Earth Element District in Southeastern Labrador, Canada.  Andrews talks about...

4 hours, 38 minutes ago

2 min read