CEO.CA caught up with Max Porterfield, President, CEO & Director of
Callinex Mines (TSXV: CNX | OTCQX: CLLXF) to discuss their Pine Bay discoveries, recent NI43-101, and their step-out drill campaign.
Learn more about at Callinex at https://callinex.ca/ and join the CEO discussion at https://ceo.ca/cnx.
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Certainly I’m Max bfield president coo Ken X mines we’re Junior exploration focus with emerging highr Bas in Precious mels Rich discoveries in the Flint fond greenstone belt of Northern Manitoba yes certainly so I’ve been president CEO of Cenex uh for going on 10 years now so it’s been quite a long
Journey in terms of our technical team our technical team is credited with the discovery and development of three of the four largest mines in the fun F camps history so multiple builds Award winners for Prospect of the Year award for both the 777 minine recently shut
Down as well as the Lawler mines uh and a track record of success of exploration just not only INF FL F but beyond well was a resounding success in 2023 that was the year where we really culminated the past several years of exploration at our Flagship Pine Bay
Project uh which led to the maiden resource at Pine Bay which is nearly 6 million tons of high-grade copper uh as well as gold silver and zinc in these VMS systems resource uh so it was a significant milestone for cadex as well as for the belt and that it is you know
The newest Discovery in the past 30 years within 30 km of flynon and on the heels of that we continue to explore this growth fa Corridor which hosts uh those two deposits and a number of other discoveries and we made yet another Discovery called descendant uh and that
We now in the late this year uh which we see a lot of potential for based upon the intersections to date as well as the geologic environment that it’s located within yeah so it was a number of years of uh different trials and tribulations but what really led to the successes was
An a of all evolving exploration approach uh you know rainbow that Discovery was led by in a part and this aided by IP which was a a tool set not readily used in the Flyn flung greenstone belt uh and then we went on and made another Discovery thereafter
Called Alchemist really learning what we learned at Rainbow and following down that Corridor and then The Descendant which is a discovery really a cent in the making because going back to 1911 people have been focused on the specific area of the property and we used really all everything we had learned on the
Previous discoveries that we had made and other discoveries that been made on the property which led to the reinterpretation and ultimately the descending Discovery hole DSC 1111 we intersected four mineralized zones in our Discovery hole that we announced late 2023 uh and with that we also believe
That those are cross cut by Dy so in fact when we come off of that somewhere in the system you can get one solid wide uh lens uh which you can obviously stack much more tons more quickly there in terms of grades grades are similar to
What you see on the edge of other deposits VMS deposits like rainbow uh so we’re runting between 1.55 to 1.75% Copper equivalent and uh which is analogous to the top of rainbow within the first 200 meters of our rain we deposit on 100 meter level which is roughly where it starts underground down
To the 300 M level your composite grades roughly 1 and half% copper equ went as you get deeper which is our expectation moving forward with step by drilling the future for descendant we’re looking to then you know come into this higher grade copper Discovery intersections uh
Which you see you’re kind to known uh these J Master ples to to host yeah so the step out holes are similar to what we did initially on rainbow rainbow was came from one Discovery hole and then we through step out Jing put over 800 holes I’m sorry 80
Holes into that discover recovery over 42,000 met of drilling uh to delineate that resource so we’re at a similar phase to where we were early uh stages with rainbow at descendant we’ve got about three or four holes uh into that Discovery now we’re looking to announce
The remainder of those holes in the very near future uh and then moving forward it’d be this similar process where we’ll be looking to do a stepout campaign uh to start building tonnage on the backdrop of that you know Maiden 431 resource that we just recently published which I think was key
Yeah so the 4311 again that started from one Discovery hole in late August 2020 and through you know numerous thrilling Seasons we went out and delineated that resource and that was independently modeled uh so that deposit for rainbow was 4.7 million tons uh majority of that was in an indicated category for example
In the indicated category you’re looking at 3.6% Copper equivalent majority that over 3% is copper so we are again uh very pleased with those results rainbow RS open at depth also included that resource was an adjacent Pine Bay deposit uh which is just copper there a million tons so again that’s where you
Get to nearly 6 billion tons in that Maiden resource and that really creates a base uh to build upon through exploration like I mentioned with Alchemist Discovery and the more recent descended discovery that we’re keenly focused on moving forward in terms of pine Bay we actually operate
Our camps out of the town of the flynon and the community that the town’s load in again 100 Years of mining 32 mines in that Camp’s history uh so everyone commutes from Flint fla to our Pine Bay property Hine Bay is located 16 km away as a crow flies less than 30- minute
Drive by exting all weather Road access it’s over 6,000 hectar in size and within that is our mineral lease which actually hosts all the discoveries and the resources that we announced are made in re Source estimate so it provides for advanced perming in addition to that of
Course water is UN issue Lakes are prevalent and then we also benefit from a hydroelectric power line that actually sits within the property 200 M from our rainbow deposit and there’s also a historic head frame and shaft that could potentially be utilized in future development yes so we’re focus on
Volcanogenic mass of sulfide deposits and they’re known for their highgrade nature and they occur in cluster as you mentioned we’ve got numerous discoveries at our high property uh what they’re most well known for is being both base and is Metals Rich so as I mentioned at Rainbow for example over 90% of that
Roughly is is copper some of the highest grades of copper you see around really on the global basis we’re seeing that rainbow deposit uh so in that resource I mentioned before 3.6% copper equivalent over 3% of that is copper and the rest will be made up of Gold Silver and zinc
Which are typical products by products for systems uh like ours and in terms of grades 3% copper is again on the top core toel in terms of grade on a global basis your average mine great around the world is just a half% copper today well you can buy shares of the
Company on the Tonto ventry exchange on the ticker cnx as well as an otcqx in the United States with the ticker cllxf and feel free to visit our website or reach out to us you have any other questions who like to give more information on our operations our team
And the discoveries that uh we represent and are actively working on