VANCOUVER,
May 10, 2013 /PRNewswire/ - Callinex
Mines (TSX.V-CNX) (OTCQX-CLLXF) is pleased to announce that it has
recently completed an exploration program at its wholly owned
Gossan Hill property in Manitoba,
near the past producing Gurney Gold mine. The drill program
was carried-out during the month of March and consisted of six
drill holes totaling 1,499m. The program objectives were to test
the extent of mineralization along strike on the western (GOS066,
GOS067) and eastern flanks (GOS069, GOS070) of the Gossan Hill
Zone, and at depth (GOS068). A modeling of data from the 2012
program had indicated that previously drilled GOS056 appeared to
have stopped short of the main gold-bearing zone. Consequently,
GOS056 was deepened as part of the 2013 program intersecting the
main zone for a core width of 3.75 metres, at a grade of 3.41 grams
per tonne.
The results display good grades over widths amenable to current
mining methods. Drill hole GOS067 displays the best result
with an interval of 4.70 metres grading 12.99 g/t gold. This
interval extends the gold bearing shear zone an additional 50
metres to the west, and suggests further drilling warranted in this
area. The deepening of GOS056 (previously thought to have stopped
short of the zone) assayed 3.41g/t gold over 3.75 metres. Drill
holes GOS069 and GOS070 were drilled at the easternmost extent and
show good alteration; however, the altered and mineralized zone was
faulted-off.
Table 1:
| DDH |
From (m) |
To (m) |
Gold (g/t) |
Core Width (m) |
| GOS056* |
448.25 |
452.00 |
3.41 |
3.75 |
| GOS066 |
130.75 |
132.50 |
1.95 |
1.75 |
| GOS066 |
142.00 |
143.80 |
3.44 |
1.80 |
| GOS067 |
104.00 |
108.70 |
12.99 |
4.70 |
| GOS068 |
720.00 |
722.50 |
1.86 |
2.50 |
| GOS069 |
107.00 |
112.00 |
1.44 |
5.00 |
| GOS069 |
123.50 |
127.00 |
1.12 |
3.50 |
| GOS069 |
161.50 |
162.00 |
1.59 |
0.50 |
| GOS070 |
162.00 |
163.00 |
1.74 |
1.00 |
*2012 drill hole, deepened in 2013.
Widths represent drill core lengths. True widths are unknown at
this time.
The gold mineralization is observed within a shear zone at the
contact between mafic volcanics and intrusive rocks with intense
quartz veining. Alterations consist of carbonate, sericite
and epidote. The gold mineralization is associated with pyrite and
pyrrhotite and varies from fine-grained disseminated to blebby
coarse-grained.
Callinex Mines maintained a QA/QC program at all stages of
exploration. Drill core recovery was calculated, measured and
recorded at the Gossan Hill property before being cut and sampled.
Samples were split in half, one half of each sample being kept for
storage and the other half placed in a pre-labeled plastic bag,
tagged with the sample number and recorded in the log. Callinex
QA/QC samples were inserted into the group of samples and shipped
to Acme Analytical Laboratories in Vancouver, BC, where they were crushed, split,
pulverized to 250 g samples at 200 mesh and then assayed. The lab
employs internal quality control by assaying pulp duplicates and
inserting quality control standards of predetermined values and a
blank sample.
About Callinex
Callinex is a Canadian based mineral exploration company with
projects in the Provinces of British Colombia and Manitoba, Canada. The company's exploration
activities are designed to offer shareholders exposure to the
discovery phase of the mining value cycle.
On Behalf of the Board of Directors,
J.J. O'Donnell
President, CEO
All of Callinex'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 may contain
forward-looking information. 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.
