Callinex Mines Achieves Key Milestones Amidst Challenges in 2024

Callinex Mines ( (TSE:CNX) ) has shared an announcement.

In its 2024 annual letter, Callinex Mines highlights significant progress in advancing its high-grade deposits and exploration activities, despite challenges such as a major wildfire. The company completed essential engineering work for the Rainbow and Pine Bay deposits, and is preparing to apply for an Advanced Exploration Permit, aiming to expedite future developments. The wildfire incident, while destructive, offered new geological insights by clearing vegetation, aiding future exploration. The company remains committed to advancing the Descendent discovery through ongoing geophysical surveys and drilling, backed by successful financing efforts.

More about Callinex Mines

Callinex Mines Inc. operates in the mining industry, focusing on the exploration and development of high-grade base and precious metal deposits. The company is actively involved in expanding its discoveries and acquiring new land packages to enhance its resource base.

YTD Price Performance: -6.74%

Average Trading Volume: 9,634

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$16.47M

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