Callinex Mines (the “Company” or “Callinex”) (TSXV:CNX) (OTCQX:CLLXF) is pleased to announce that it has signed an option agreement to acquire a 100% interest in the Big Island Project (the “Project”) located 10 km east from HudBay’s processing facilities in Flin Flon, Manitoba. The Project includes the Tara Lake Deposit, which is one of the highest grade VMS discoveries within the Flin Flon Mining District. The western portion of the Project may contain a similar sequence of primitive arc tholeiite volcanic rocks that host the Flin Flon, Callinan and 777 Mines and that have collectively produced over 100 million tonnes of ore. Callinex now controls one of the largest and most prospective land positions totaling over 100 sq. km within the Flin Flon Mining District (See Figure 1).
As quoted in the press release:
Max Porterfield, President and CEO, stated, “The Big Island Project contains one of the highest-grade zinc and gold-rich VMS deposits ever discovered within the Flin Flon Mining District. We are looking forward to conducting systematic exploration to discover additional mineralization. Callinex has assembled one of the most prospective and strategic land packages within the Flin Flon area and is uniquely positioned with its technical team to maximize the potential of these projects.”