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Callinex Mines Inc. Receives $150,000 Grant and Additional Exploration Permits for Point Leamington Project, Newfoundland
Globenewswire· 2025-07-15 12:30
Core Insights - Callinex Mines Inc. has received a grant of up to $150,000 from the Newfoundland and Labrador Junior Exploration Assistance (JEA) Program for its Point Leamington Project, which is 100% owned by the company [2][8] - The company has also secured additional exploration permits for the Point Leamington Project, which includes a significant resource of gold, copper, zinc, and silver [2][4] - The rapid approval of permits, granted just two weeks after submission, highlights Newfoundland's reputation as a mining-friendly jurisdiction [3][8] Company Developments - The JEA grant will support Callinex's 2025 exploration plans, focusing on critical minerals and expanding the resource base of the Point Leamington Deposit [3][6] - The Point Leamington Project has an Indicated Mineral Resource of 5.0 million tonnes grading 2.5 g/t AuEq, totaling 402,000 ounces AuEq, and an Inferred Mineral Resource of 13.7 million tonnes grading 2.24 g/t AuEq, totaling 986,500 ounces AuEq [4][8] - The planned exploration campaign will utilize a two-year exploration permit for ground geophysics and diamond drilling, along with newly approved permits for surface field exploration [5][8] Industry Context - The JEA Program's financial support and efficient permitting process reflect Newfoundland and Labrador's commitment to fostering exploration and development of critical mineral resources [6][8] - Callinex Mines is positioned in one of the richest VMS and Gold Districts in Canada, enhancing its potential for significant mineral discoveries [9]
Glenstar Minerals Stakes 45 Claims in Mineral County, Nevada, and Initiates Direct Marketing Awareness Campaign
Newsfile· 2025-05-08 12:35
Core Viewpoint - Glenstar Minerals Inc. has staked 45 mineral claims in Mineral County, Nevada, covering 900 acres, and is initiating a marketing campaign to raise awareness about its exploration projects [1][8]. Group 1: Mineral Claims and Geological Assessment - The newly staked claims, known as the Wildhorse Claims, have historical workings dating back to the late 1800s and early 1900s, with the last staking occurring in 2011 [3]. - Preliminary geological assessments indicate the presence of east-dipping mineralized zones, with initial field examinations revealing a quartz veinlet zone containing over 1 gram per ton of gold, 1% copper, and 6,100 ppm of antimony [3]. - Additional areas of exposed copper mineralization were identified, suggesting multiple targets for further exploration [4]. Group 2: Geological Complexity and Economic Opportunity - The geology of the area is complex, featuring folded and faulted Paleozoic age rocks, with an intrusive mass of rhyolite located near known mineralization [5]. - The potential for discovering a large, well-mineralized skarn system exists, which can be effectively explored using various electric geophysical methods [6]. Group 3: Exploration Plans - The work program at Wildhorse will commence with detailed dry stream bed sediment sampling, followed by geological mapping and rock chip sampling, leading to a comprehensive geophysical survey to define drill targets [7]. Group 4: Marketing and Awareness Campaign - Glenstar has engaged Think Ink Marketing for a one-month marketing campaign, with a fee of USD $50,000 for the first month, aimed at updating stakeholders and introducing the company to a broader audience [8]. Group 5: Company Overview - Glenstar Minerals Inc. focuses on polymetallic minerals, which are critical for manufacturing electronics and energy technologies, and aims to explore and develop mineral properties in North America and globally [10]. - The company trades on multiple exchanges, including the Canadian Securities Exchange under the symbol "GSTR" [11].