Callinex Mines (TSXV:CNX) - High-grade Copper Advancing Exploration Permits

Interview with Max Porterfield, President & CEO of Callinex Mines Inc.

Our previous interview: https://www.cruxinvestor.com/posts/callinex-mines-tsxvcnx-drilling-for-high-grade-copper-riches-in-manitobas-flin-flon-belt-6063

Recording date: 24th March 2025

Callinex Mines is developing high-grade copper and gold-rich VMS (Volcanogenic Massive Sulfide) deposits in Manitoba's Flin Flon mining district. The company's flagship Rainbow deposit, coming within 90 meters of surface and drilled to a depth of 900 meters, represents one of the highest-grade copper resources in North America.

Led by President and CEO Max Porterfield, Callinex has submitted an advanced exploration permit that would allow development of a ramp to access Rainbow and extract a 10,000-ton bulk sample. This first phase of permitting, potentially approved by late 2025, could lead to full-scale production after obtaining an environmental license.

"If you're buying Calinex today for less than a $20 million market cap Canadian, you're getting exposure to just shy of 6 million tons of some of the highest grade copper mineralization not just North America but on a global basis," stated Porterfield.

The majority of Rainbow's resource (3.44 million of 4.7 million tons) already falls within the indicated category. The company has consolidated over 10,000 hectares of underexplored land, creating a district-scale opportunity in what it calls the "Pine Bay camp."

Rather than focusing on infill drilling at Rainbow, Callinex is shifting attention to growing resources through exploration at shallow historic deposits. Primary targets include the "Visionary" area containing the Leo deposit and the "General" area with the Alberts deposit. Historical drilling at Visionary intersected significant mineralization, including 8.5 meters of 3% copper in one hole and 3 meters of over 5% copper with gold credits in another.

Callinex is the only junior mining company with a 43-101 copper resource in Manitoba and the only copper resource within 30 kilometers of Flin Flon. The company maintains a tight capital structure with no debt, positioning itself for growth as it pursues a two-pronged approach of resource expansion and permitting advancement.

With copper prices rising amid projected supply deficits by 2030, Callinex's high-grade resources in a stable jurisdiction appear well-positioned. As Porterfield noted, "Being in Canada, being in a safe jurisdiction, being in close proximity to this infrastructure and being in a position to be able to fast track that as our leaders within Canada look to explorers like Kalinex to transition and be the next producers puts us in an ideal place."

View Callinex Mines' company profile: https://www.cruxinvestor.com/companies/callinex-mines

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