Business
Callinex Issues Year-End Letter to Shareholders
Callinex Issues Year-End Letter to Shareholders Canada NewsWire VANCO...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"\n \n \n \n Callinex Issues Year-End Letter to Shareholders\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 7, 2021\n \n /CNW/ -\n \n \n Callinex Mines Inc.\n \n \n (\"Callinex\") (TSXV: CNX) (OTC: CLLXF) is pleased to provide its year-end letter to shareholders from President and CEO,\n \n Max Porterfield\n \n :\n \n \n Dear Shareholders,\n \n \n The past year has brought a great deal of uncertainty and challenges to many of us and our team would like to extend our sincere gratitude and appreciation for your continued support. Though behind us now, 2020 was filled with an abundance of discoveries across our exploration portfolio that I believe will drive long term value for our shareholders as we expand upon them in the year ahead.\n \n \n In the Bathurst Mining District of\n \n New Brunswick\n \n , the drilling campaign to test regional exploration targets at the Nash Creek Project was a resounding success with the discovery of silver, near-surface, in two widely spaced holes located 6.8km apart along the main controlling fault. Our team continued to advance the two silver discoveries by increasing the land package at\n \n Nash Creek\n \n , reprocessed historic airborne geophysical survey data that highlighted a number of high priority targets and completed a regional soil sampling campaign that encompasses both silver discoveries. These discoveries have the potential to enhance the economics from the maiden Preliminary Economic Assessment (\"PEA\") that was published in 2018.\n \n \n The Company's return to the Pine Bay Project in the Flin Flon Mining District with a refined exploration strategy culminated with the high-grade Rainbow Discovery made up of copper, gold, silver and zinc. The discovery comes at a critical time for the town of\n \n Flin Flon, MB\n \n with the impending shutdown of the 777 mine and no new discovery to fill its void.  The Rainbow Discovery is ideally located within a mineral lease, adjacent to a high-voltage power line and direct road access to processing facili...