In his annual letter to shareholders Callinex President Max Porterfield reported over the last year Callinex has remained focused on delineating the high-grade copper, gold, silver and zinc Rainbow Deposit and testing regional targets developed by their team at their Pine Bay Project, located just outside of Flin Flon. He explained at Rainbow the Company has completed over 42,000 meters of drilling into the deposit area since its discovery in August 2020.  They have now completed all the necessary drilling to establish a maiden resource estimate for Rainbow down to the 800 meter level. Looking forward they are eager to continue to advance Rainbow with infill drilling, a key step prior to commencing economic studies, and are excited to conduct exploration at depth to further increase the size of the deposit.            

He also noted exploration opportunities beyond Rainbow and the recently discovered Alchemist look bright and bring the potential to stack a pipeline of discoveries at Pine Bay. Within the main growth fault, corridor follow-up is planned at target area Odin which is located between Alchemist and Rainbow as well as the Cabin deposit area to the east.