Business
Callinex Submits Advanced Exploration Permit for High Grade Copper Rainbow Deposit within the Flin Flon Mining District, MB
Callinex Submits Advanced Exploration Permit for High Grade Copper Rainbow Deposit within the Fli...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"\n\n\n\n Callinex Submits Advanced Exploration Permit for High Grade Copper Rainbow Deposit within the Flin Flon Mining District, MB\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\n VANCOUVER, BC\n \n\n ,\n \n\n March 20, 2025\n \n\n /CNW/ -\n \n\n Callinex Mines Inc.\n \n\n (\"Callinex\" or \"the Company\") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce the submission of its application for an Advanced Exploration Permit (\"AEP\") to the Province of\n \n Manitoba\n \n for the Rainbow deposit (\"Rainbow\") at its Pine Bay Camp located 16km from\n \n Flin Flon, MB\n \n . This permit is a pivotal step towards long-term project development and is the precursor to an environmental license, which allows for full-scale production  (\n \n\n Rainbow Deposit Preliminary Underground Mine Arrangement\n \n\n ).  The AEP is key in facilitating a 10,000 tonne bulk sample from the Rainbow deposit, which is intended for comprehensive metallurgical test work and will lay the groundwork for future underground exploration activities.\n \n\n\n\n\n\n\n\n\n \"We are thrilled to take this significant step forward by submitting our AEP application,\" stated\n \n Max Porterfield\n \n , President and CEO of Callinex. \"The ability to conduct metallurgical test work on a 10,000 tonne bulk sample from the Rainbow deposit represents not only a crucial advancement in our exploration efforts but also paves the way for production.\" Mr. Porterfield continued, \"We remained focused on expanding our already significant ramp accessible high-grade copper resources by aggressively testing high priority target areas which will include expanding recently acquired historic near surface copper and gold deposits at our Pine Bay Camp.\"\n \n\n The maiden mineral resource estimate, announced in\n \n July 2023\n \n , contained within the mineral lease, consists of\n \n the Rainbow deposit with an Indicated Mineral Resource of 3.44 Mt at 3.59% copper equivalent (\"CuEq\") containing 272.4 Mlb CuEq (comprised of 238.3 Mlb copper, 56.9 Mlb zinc, 37.6 koz gold, 692....