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Why Has The Callinex (CLLXF) Stock Gained 14% In Last Session?

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The stock of Callinex Mines Inc (OTCPINK: CLLXF) closed up 14.07% to $3.0800 in the last session. During the session, Callinex stock price ranged from $2.8500 to $3.2994, and 82.42K shares were traded. Copper deposits were found in an area of mining that boosted the CLLXF stock.

Where has CLLXF found those deposits?

In established mining jurisdictions in Canada, Callinex is developing its portfolio of deposits rich in base metals and precious metals. A highlight of CLLXF’s portfolio is its rapidly growing Rainbow Discovery project, located near a mining district in the Flin Flon region.

Callinex yesterday reported additional drill results from its ongoing 30,000 m drilling program to expand its high-grade copper, gold, silver and zinc Rainbow Deposit (the “Rainbow”).

In a mineral lease, the Rainbow is part of CLLXF’s 100 percent-owned Pine Bay project. In Flin Flon, MB, CLLXF’s facilities are directly accessible from a historic shaft and a high-voltage hydroelectric power line. CLLXF’s Rainbow is being expanded from the depth and at the surface by two rigs.

CLLXF’s 2021 plans:

As of mid-February, Callinex (CLLXF) has announced 16 holes out of a fully funded drilling program of 30,000 meters (including 1 wedge). As part of the drilling campaign in 2021, CLLXF will continue to provide ongoing results.

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