{"id":381649,"date":"2020-11-16T08:03:40","date_gmt":"2020-11-16T13:03:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=381649"},"modified":"2020-11-16T08:03:40","modified_gmt":"2020-11-16T13:03:40","slug":"callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb\/","title":{"rendered":"Callinex Intersects 5m of 8.35% CuEq and 9m of 3.72% CuEq with 145m Step-out from the Rainbow Discovery in the Flin Flon Mining District, MB"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <b>Highlights:<\/b>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <b>PBM-113<\/b><br \/>\n          <b>\u00a0intersected <span class=\"xn-money\">5.00m<\/span> of 8.35% copper equivalent (CuEq) comprising of 8.08% copper, 0.20 g\/t gold, 10.55 g\/t silver and 0.13% zinc;<\/b>\n        <\/li>\n<li>\n          <b>PBM-113 intersected a second interval of <span class=\"xn-money\">4.0m<\/span> of 2.31% CuEq comprising of 2.21% copper, 0.09 g\/t gold, 2.28 g\/t silver and 0.04% zinc;<\/b>\n        <\/li>\n<li>\n          <b>PBM-113 intersected a third interval of <span class=\"xn-money\">9.06m<\/span> of 3.72% CuEq comprising of 2.37% copper, 0.70 g\/t gold, 7.00 g\/t silver and 2.10% zinc;<\/b>\n        <\/li>\n<li>\n          <b>Interpretation of new Borehole Pulse Electromagnetic survey suggests mineralization comes within <span class=\"xn-money\">350m<\/span> of surface; and<\/b>\n        <\/li>\n<li>\n          <b>Two rigs are currently drilling to expand the discovery along strike and to surface.<\/b>\n        <\/li>\n<\/ul>\n<p>\n        <span class=\"xn-location\">VANCOUVER, BC<\/span>, <span class=\"xn-chron\">Nov. 16, 2020<\/span> \/PRNewswire\/ &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=3675815358&amp;u=http%3A%2F%2Fwww.callinex.ca%2F&amp;a=Callinex+Mines+Inc.\" rel=\"nofollow noopener noreferrer\">Callinex Mines Inc.<\/a> (the &#8220;Company&#8221; or &#8220;Callinex&#8221;) (TSXV: CNX) (OTC: CLLXF) is pleased to provide results from the ongoing drilling campaign to expand the Rainbow Discovery at the 100% owned Pine Bay Project located in the Flin Flon Mining District of <span class=\"xn-location\">Manitoba<\/span> (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=2029894304&amp;u=https%3A%2F%2Fcallinex.ca%2Fwp-content%2Fuploads%2F2019%2F11%2FFlin-Flon-District-Map2.pdf&amp;a=See+Figure+1\" rel=\"nofollow noopener noreferrer\">See Figure 1<\/a>). The Rainbow Discovery has been made on Callinex&#8217;s mineral lease, less than\u00a0250m from a high-voltage power-line and <span class=\"xn-money\">550m<\/span> from a historic shaft with direct road access to processing facilities in <span class=\"xn-location\">Flin Flon, MB<\/span> (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=2694575957&amp;u=https%3A%2F%2Fcallinex.ca%2Fwp-content%2Fuploads%2F2020%2F11%2FPine_Bay_Rainbow_Discovery_Plan_View_11_15_2020-scaled.jpg&amp;a=See+Figure+2\" rel=\"nofollow noopener noreferrer\">See Figure 2<\/a>).<\/p>\n<p>Drill hole PBM-113 intersected the following three high-grade intersections <span class=\"xn-money\">145m<\/span> away (along strike and above) from the discovery hole PBM-111 (<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=1285764597&amp;u=https%3A%2F%2Fcallinex.ca%2Fwp-content%2Fuploads%2F2020%2F11%2FPine_Bay_Rainbow_Discovery_Long_Section_11_11_2020-scaled.jpg&amp;a=See+Figure+3\" rel=\"nofollow noopener noreferrer\">See Figure 3<\/a>):\u00a0<\/p>\n<ul type=\"disc\">\n<li>Orange Zone returned: <\/li>\n<ul type=\"circle\">\n<li>\n            <span class=\"xn-money\">5.00m<\/span> of 8.35% copper equivalent (CuEq) comprising of 8.08% copper, 0.20 g\/t gold, 10.55 g\/t silver and 0.13% zinc <b>including <span class=\"xn-money\">3.00m<\/span> of 12.13% copper, 0.27 g\/t gold, 15.62 g\/t silver and 0.18% zinc<\/b>; an <\/li>\n<li>\n            <span class=\"xn-money\">4.00m<\/span> of 2.31% CuEq including 2.21% copper, 0.09 g\/t gold, 2.28 g\/t silver and 0.04% zinc.<\/li>\n<\/ul>\n<li>Yellow Zone returned <span class=\"xn-money\">9.06m<\/span> of 3.72% CuEq comprising of 2.37% copper, 0.70 g\/t gold, 7.00 g\/t silver and 2.10% zinc <b>including <span class=\"xn-money\">3.75m<\/span> of 4.15% copper, 1.20 g\/t gold, 11.87 g\/t silver and 4.19% zinc.\u00a0<\/b><\/li>\n<\/ul>\n<p>The Rainbow discovery hole, PBM-111,\u00a0intersected <b>2.96 metres of 4.43% CuEq comprising of 3.09% copper, 0.75 g\/t gold, 13.35 g\/t silver, 1.88% zinc (Yellow Zone) and a second interval of 4.31 metres of 4.32% CuEq comprising of 4.12% copper, 0.22 g\/t gold, 2.21 g\/t silver, 0.06% zinc (Orange Zone) <\/b>(<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=3665175667&amp;u=https%3A%2F%2Fcallinex.ca%2Fcallinex-discovers-two-high-grade-copper-gold-silver-and-zinc-lenses-in-the-flin-flon-mining-district-of-manitoba%2F&amp;a=See+News+Release+Dated+September+9%2C+2020\" rel=\"nofollow noopener noreferrer\">See News Release Dated <span class=\"xn-chron\">September 9, 2020<\/span><\/a>). The mineralization intersected in drill hole PBM-113 intersected significantly wider intervals and higher grades of both base and precious metals.<\/p>\n<p>Drill Hole PBM-112 intersected the Rainbow Horizon <span class=\"xn-money\">345m<\/span> vertically above PBM-111 and went over the presumed plunge line when it crossed the Rainbow horizon (Orange Zone). A subsequent Borehole Pulse Electromagnetic survey (&#8220;BPEM&#8221;) survey completed on PBM-112 confirms this interpretation and suggests the Rainbow Discovery possibly comes within <span class=\"xn-money\">350m<\/span> of surface based on the modeled data.<\/p>\n<p>Two additional drill holes, PBM-113-W1 and PBM-114, have been completed with assays pending.\u00a0 Currently, two rigs are drilling step-out holes as the Company delineates the Rainbow Discovery.\u00a0 Drill hole PBM-115 is currently being drilled to test ~75m\u00a0along strike to the north of PBM-113.\u00a0 Additionally, a second wedge, PBM-113-W2, has been started off PBM-113 to intersect ~60M\u00a0vertically above PBM-113-W1. The two drill rigs will continue to operate to delineate the Rainbow Discovery until mid-December for a brief holiday break and resume drilling in early January 2021.\u00a0<\/p>\n<p>\n        <b>Table 1: Pine Bay Drill Results<\/b>\n      <\/p>\n<div class=\"prntal\">\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntbls\">\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Drill Hole<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>From<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(m)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>To<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(m)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Interval (m)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Cu<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Au g\/t<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Ag<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>g\/t<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Zn<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Sg<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>CuEq<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>%<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">PBM-112<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(Orange Zone)<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">638.00<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">640.64<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.64<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.07<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.08<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.58<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.42<\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.03<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.30<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">PBM-113<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(Yellow Zone)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">819.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">824.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">5.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>8.08<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.20<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10.55<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.13<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.46<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">8.35<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>including<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>820.00<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>823.00<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>3.00<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <b>12.13<\/b><br \/>\n                  <\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <b>0.27<\/b><br \/>\n                  <\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>15.62<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>0.18<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>3.76<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td nowrap=\"nowrap\" class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>12.51<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">PBM-113<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">874.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">878.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2.21<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.09<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.28<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.04<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.10<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.31<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">PBM-113<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">(Orange Zone)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">891.44<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">900.50<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">9.06<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>2.37<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>0.70<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.00<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.10<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.64<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.72<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>including<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>894.75<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>898.50<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>3.75<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <b>4.15<\/b><br \/>\n                  <\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i><br \/>\n                    <b>1.20<\/b><br \/>\n                  <\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>11.87<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>4.19<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>4.07<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <i>6.68<\/i><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>Notes(1)(2)(3)(4):<\/p>\n<div class=\"prntal\">\n<table id=\"convertedTable33b7\" cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Dip and azimuth for hole PBM-112 is -80\u2070\u00a0and 311\u2070\u00a0Az. The 783m deep diamond drill hole is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331352m East and 6071213m North. The collar of the hole is 295m above sea level. The dip and azimuth for hole PBM-111 at its 650 metre mark is -39\u02daand 292\u02da Az,. Dip and azimuth for hole PBM-113 is -83.5\u2070\u00a0and 301\u2070\u00a0Az. The 1045m deep diamond drill hole is located at the following Universal Transverse Mercator (UTM) coordinates using the North American Datum of 1983 (NAD83) within UTM Zone 14N: 331402m East and 6071286m North. The collar of the hole is 298m above sea level. The dip and azimuth for hole PBM-113 at its 900 metre mark is -39\u02daand 292\u02da Az<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">2.<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">True widths will require further drilling to determine.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">The size of the drill core is NQ.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n              \n            <\/td>\n<td class=\"prngen4\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">4.<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">All CuEq (copper equivalent) assay results in this news release use the following pricing: US$3.00 copper per pound ($6,720\/tonne), US$1.15 zinc per pound, US$1,450\/troy ounce gold ($46.62\/gram), US$16.50\/toy ounce silver ($0.53\/gram), calculation CuEQ= Cu%+(Zn% x zinc price per pound \/ copper price per pound)+(Au g\/t x Au price per gram \/ copper price per tonne) x100 + (Ag g\/t x Ag price per gram \/\u00a0 copper price per tonne) x 100. 100% metal recoveries used, ie no process recoveries or smelter payables were included in the calculation<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>J.J. O&#8217;Donnell, P.Geo, a qualified person under National Instrument 43-101, has reviewed and approved the technical information in this news release.<\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=412290255&amp;u=https%3A%2F%2Fcallinex.ca%2Fwp-content%2Fuploads%2F2019%2F11%2FFlin-Flon-District-Map2.pdf&amp;a=Figure+1%3A+Flin+Flon+Mining+District+Region+Overview\" rel=\"nofollow noopener noreferrer\">Figure 1: Flin Flon Mining District Region Overview<\/a>\u00a0<br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=610100355&amp;u=https%3A%2F%2Fcallinex.ca%2Fwp-content%2Fuploads%2F2020%2F11%2FPine_Bay_Rainbow_Discovery_Plan_View_11_15_2020-scaled.jpg&amp;a=Figure+2%3A+Plan+View+of+the+Rainbow+Discovery+at+the+Pine+Bay+Project\" rel=\"nofollow noopener noreferrer\">Figure 2: Plan View of the Rainbow Discovery at the Pine Bay Project<\/a><br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2982536-1&amp;h=2562273248&amp;u=https%3A%2F%2Fcallinex.ca%2Fwp-content%2Fuploads%2F2020%2F11%2FPine_Bay_Rainbow_Discovery_Long_Section_11_11_2020-scaled.jpg&amp;a=Figure+3%3A+Pine+Bay+Long+Section+Looking+West+with+2020+Drilling\" rel=\"nofollow noopener noreferrer\">Figure 3: Pine Bay Long Section Looking West with 2020 Drilling<\/a><\/p>\n<p>\n        <b>QA \/ QC Protocols<br \/><\/b>Individual samples were labeled, placed in plastic sample bags, and sealed. Groups of samples were then placed in security sealed bags and shipped directly to SGS lab in <span class=\"xn-location\">Vancouver, BC<\/span> for analysis. Samples were weighed then crushed to 75% passing 2mm and pulverized to 85% passing 75 microns in order to produce a 250g pulverized split. 35 elements including copper, zinc, lead and silver assays were determined by Aqua Regia digestion with a combination of ICP-MS and ICP-AES finish, with over limits rerun using an ore grade analysis (two acid digest ICP-AES).\u00a0 Gold was analyzed by fire assay. Specific gravity (sg) measured for each sample using the pycnometer and water and air method. QA\/QC included the insertion and continual monitoring of numerous standards, blanks, and duplicates<\/p>\n<p>\n        <b><br \/>\n          <i>About Callinex Mines Inc.<br \/><\/i><br \/>\n        <\/b><br \/>\n        <i>Callinex Mines Inc. (TSXV: CNX) (OTC: CLLXF) is advancing its portfolio of base and precious metals rich deposits located in established Canadian mining jurisdictions. The portfolio is highlighted by the rapidly expanding Rainbow Discovery at its Pine Bay Project located near existing infrastructure in the Flin Flon Mining District. Additionally, Callinex has emerging near-surface silver discoveries at its Nash Creek Project located in the Bathurst Mining District of <span class=\"xn-location\">New Brunswick<\/span>. A 2018 PEA on the Company&#8217;s <span class=\"xn-location\">Bathurst<\/span> projects outlined a mine plan that generates a strong economic return with a pre-tax IRR of 34.1% (25.2% post-tax) and NPV8% of <span class=\"xn-money\">$230 million<\/span> (<span class=\"xn-money\">$128 million<\/span> post-tax).<\/i>\n      <\/p>\n<p>\n        <i>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/i>\n      <\/p>\n<p>\n        <i>Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete the proposed drill program and the timing and amount of expenditures. Except as required under applicable securities laws, Callinex does not assume the obligation to update any forward-looking statement<\/i>.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=VA92512&amp;sd=2020-11-16\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb-301173430.html\">http:\/\/www.prnewswire.com\/news-releases\/callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb-301173430.html<\/a><\/p>\n<p>SOURCE  Callinex Mines Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=VA92512&amp;Transmission_Id=202011160800PR_NEWS_USPR_____VA92512&amp;DateId=20201116\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire Highlights: PBM-113 \u00a0intersected 5.00m of 8.35% copper equivalent (CuEq) comprising of 8.08% copper, 0.20 g\/t gold, 10.55 g\/t silver and 0.13% zinc; PBM-113 intersected a second interval of 4.0m of 2.31% CuEq comprising of 2.21% copper, 0.09 g\/t gold, 2.28 g\/t silver and 0.04% zinc; PBM-113 intersected a third interval of 9.06m of 3.72% CuEq comprising of 2.37% copper, 0.70 g\/t gold, 7.00 g\/t silver and 2.10% zinc; Interpretation of new Borehole Pulse Electromagnetic survey suggests mineralization comes within 350m of surface; and Two rigs are currently drilling to expand the discovery along strike and to surface. VANCOUVER, BC, Nov. 16, 2020 \/PRNewswire\/ &#8211; Callinex Mines Inc. (the &#8220;Company&#8221; or &#8220;Callinex&#8221;) (TSXV: CNX) (OTC: CLLXF) is pleased to &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Callinex Intersects 5m of 8.35% CuEq and 9m of 3.72% CuEq with 145m Step-out from the Rainbow Discovery in the Flin Flon Mining District, MB&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-381649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Callinex Intersects 5m of 8.35% CuEq and 9m of 3.72% CuEq with 145m Step-out from the Rainbow Discovery in the Flin Flon Mining District, MB - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Callinex Intersects 5m of 8.35% CuEq and 9m of 3.72% CuEq with 145m Step-out from the Rainbow Discovery in the Flin Flon Mining District, MB - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire Highlights: PBM-113 \u00a0intersected 5.00m of 8.35% copper equivalent (CuEq) comprising of 8.08% copper, 0.20 g\/t gold, 10.55 g\/t silver and 0.13% zinc; PBM-113 intersected a second interval of 4.0m of 2.31% CuEq comprising of 2.21% copper, 0.09 g\/t gold, 2.28 g\/t silver and 0.04% zinc; PBM-113 intersected a third interval of 9.06m of 3.72% CuEq comprising of 2.37% copper, 0.70 g\/t gold, 7.00 g\/t silver and 2.10% zinc; Interpretation of new Borehole Pulse Electromagnetic survey suggests mineralization comes within 350m of surface; and Two rigs are currently drilling to expand the discovery along strike and to surface. VANCOUVER, BC, Nov. 16, 2020 \/PRNewswire\/ &#8211; Callinex Mines Inc. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/callinex-intersects-5m-of-8-35-cueq-and-9m-of-3-72-cueq-with-145m-step-out-from-the-rainbow-discovery-in-the-flin-flon-mining-district-mb\/","og_locale":"en_US","og_type":"article","og_title":"Callinex Intersects 5m of 8.35% CuEq and 9m of 3.72% CuEq with 145m Step-out from the Rainbow Discovery in the Flin Flon Mining District, MB - Market Newsdesk","og_description":"PR Newswire Highlights: PBM-113 \u00a0intersected 5.00m of 8.35% copper equivalent (CuEq) comprising of 8.08% copper, 0.20 g\/t gold, 10.55 g\/t silver and 0.13% zinc; PBM-113 intersected a second interval of 4.0m of 2.31% CuEq comprising of 2.21% copper, 0.09 g\/t gold, 2.28 g\/t silver and 0.04% zinc; PBM-113 intersected a third interval of 9.06m of 3.72% CuEq comprising of 2.37% copper, 0.70 g\/t gold, 7.00 g\/t silver and 2.10% zinc; Interpretation of new Borehole Pulse Electromagnetic survey suggests mineralization comes within 350m of surface; and Two rigs are currently drilling to expand the discovery along strike and to surface. VANCOUVER, BC, Nov. 16, 2020 \/PRNewswire\/ &#8211; Callinex Mines Inc. 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