Callinex Announces High-Grade Copper Maiden Mineral Resource Estimate at its Pine Bay Project in Manitoba
The inferred mineral resource in this resource estimate has a lower level of confidence than that applied to an indicated mineral resource and must not be converted to a mineral reserve.
- The inferred mineral resource in this resource estimate has a lower level of confidence than that applied to an indicated mineral resource and must not be converted to a mineral reserve.
- It is reasonably expected that a majority of the inferred mineral resource could be upgraded to an indicated mineral resource with continued exploration.
- Copper equivalent resources for the Pine Bay Project were calculated using the following metal prices: Cu at US$3.25/lb, Zn US$1.20/lb, Au at US$1,850/oz, Ag at US$22.50/oz.
- The Pine Bay Project, consists of a group of 77 contiguous mineral claims (dispositions) and one Mineral Lease totaling 6,795 hectares.