VANCOUVER, March 13, 2013 /PRNewswire/ - Callinex Mines
(TSX.V-CNX) (OTCQX - CLLXF) is pleased to announce that it has
begun a drilling campaign on its Gossan Hill gold project in
Northern Manitoba near
Cranberry Portage. This, the third
drill program on the property by Callinex, is designed to build on
the success encountered in the 2012 drilling program.
The mineralization has been defined by 64 diamond drill holes
over 2 drilling seasons to date. Highlights of the previous
campaigns conducted by the company included hole GOS28, which
returned a core width of 5.94 g/mT gold over 14.77 metres, (as
reported in Callinex's press release of April 15, 2011). Diamond drill hole GOS33, which
intersected 19.88 g/mT gold over 2.45 metres of core width (as
reported in Callinex's press release of May
16, 2012). The objective of the current drill program will
be to expand the zone at depth and along strike.
The gold and silver mineralization at the Gossan Hill project is
located along a 2 kilometer shear zone. The southernmost end of the
shear-zone is the home of the previously producing Gurney Gold
Mine. The historic Manitoba mine
produced 28,045 ounces of gold from 94,650 tons of ore milled,
according to records obtained through the Manitoba Department of
Energy and Mines. The Company cautions that work done by previous
operators on the Gurney Gold Mine property was conducted before the
implementation of National Instrument 43-101. Quality control
methods by the previous operators are unknown, and the accuracy of
the information cannot and should not be relied upon.
Callinex's holdings at Gossan Hill consist of 3,679 hectares of
mining claims. Rail line runs through the claim block, and a
provincial highway is located approximately 10 kilometers from the
project.
On Behalf of the Board of Directors,
J.J. O'Donnell
J.J. O'Donnell
President & COO
All of Callinan's exploration programs are conducted under
the direction of J.J. O'Donnell,
P.Geo, a qualified person as defined by national instrument 43-101,
who has reviewed and approved the contents of this release.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Some statements in this news release contain forward-looking
information. These statements include, but are not limited to,
statements with respect to future expenditures. These statements
address future events and conditions and, as such, involve known
and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include, among
others, the ability to complete contemplated work programs and the
timing and amount of expenditures. Callinex does not assume the
obligation to update any forward-looking statement.
SOURCE Callinex Mines Inc.
