Callinex Mines Acquires Zinc Assets from Slam Exploration

Callinex Mines (TSXV:CNX) has announced a binding purchase agreement has been signed with Slam Exploration (TSXV:SXL) to acquire the Superjack and Nash Creek Volcanogenic Massive Sulphide projects located in the Bathurst Mining Camp.
As quoted in the press release:

The Superjack and Nash Creek Projects each host significant zinc-rich resources that are near-surface and within close proximity to operating processing facilities. These projects, along with the recently acquired Point Leamington Project, represent a strategic portfolio of zinc assets within established Canadian mining jurisdictions.
The Bathurst Mining Camp is one of the largest and most economically significant VMS districts in the world, similar to the Flin Flon Mining District. The Bathurst district hosts several world-class deposits, most notably the ‘supergiant’ Brunswick #12 deposit; which contained well over 200 million tonnes of high-grade VMS mineralization and was one of the largest underground zinc mines in the world. The closure of the Brunswick #12 mine in 2013 has been a major contributor to the current zinc supply-demand deficit, which is expected to increase even further within the next two years.

Max Porterfiled, president and CEO, said:

Superjack and Nash Creek greatly contribute to the formation of a leading zinc-rich portfolio of projects located in Canadian mining jurisdictions. Combined with the Point Leamington deposit, we have acquired 100% ownership of three VMS assets that have well defined mineral resources at attractive prices.

Click here to read the full press release.