For thousands of other reports visit RSC's Mineral Intellingence Map
Callinex Mines Inc.
Summary
| Project: | Point Leamington | |
|---|---|---|
| Deposit: | Point Leamington | |
| Location: | Canada | |
| Commodities: | Zinc-Copper-Lead-Gold-Silver | |
| Date: | 7/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-7-2019: Callinex Mines Inc. announces a Supporting Acquisition report for its Point Leamington deposit at the Point Leamington project. Callinex Clarifies Technical Disclosure on Pt. Leamington Property. VANCOUVER, July 12, 2019 /CNW/ - Callinex Mines | |
| Resources: | x | |
| CP/QP: | [Overall Report]: n/a (n/a) | |
| ABSTRACT: | VANCOUVER, July 12, 2019 /CNW/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTC: CLLXF) announces that, as a result of a review by the British Columbia Securities Commission ("BCSC"), Callinex is issuing the following news release to clarify its disclosure relating to the Technical Report on its Point Leamington Property, Newfoundland, Canada dated August 15, 2016 (the "Report") prepared by Tetra Tech Inc., an independent consulting and engineering service company. After a review of the Report by the BCSC, Callinex has become aware that the Report requires (i) further disclosure on the analogue deposits used to demonstrate 'reasonable prospects for eventual economic extraction' for the Point Leamington Property, (ii) additional information regarding the assumptions, parameters and methods used to determine the resource estimate, and (iii) certain revisions to the metallurgical recovery section of the Report. Callinex is in the process of amending the Report as soon as reasonably possible in order to address all non-compliant disclosure issues identified by the BCSC. Once an amended Report is available, the Company will provide an update to this news release and file an amended report on SEDAR. Based on the foregoing, the inferred mineral resource for the Point Leamington Property contained in the Report (the "Resource Estimate") is not supported by a compliant National Instrument 43-101 ("NI 43-101") technical report, which is contrary to NI 43-101. As a result, the Resource Estimate should not be relied upon until Callinex files a compliant technical report. In the upcoming weeks, Callinex will also be providing its shareholders with an update regarding its exploration plans of its core assets, being the Nash Creek and Superjack Projects located in the Bathurst Mining District in New Brunswick and the Pine Bay Project in the Flin Flon Mining District of Manitoba. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report