Callinex Acquires New Mineral Property in Manitoba
VANCOUVER, Jan. 8, 2014 /PRNewswire/ - Callinex Mines Inc. (TSX.V:CNX) (OTCQX :CLLXF) has acquired a combined 26,800 hectares of mineral claims and mineral exploration licenses (MEL) in Northern Manitoba near Thompson. The land package was acquired by way of staking. The company has applied for, and expects to be awarded, an additional 17,500 hectares of adjacent MELs.
The company recently undertook an airborne VTEM survey of the property, consisting of 1,850 line kilometres. Several areas of conductivity have been identified from analysis of the airborne survey.
The company is in receipt of a work permit for the property and intends to drill test VTEM targets. Callinex's mandate remains to create value through the discovery of new mineral deposits in Northern Manitoba. The company's management and exploration teams are optimistic that the development of this new venture will bring prosperity to our shareholders and to the people of Northern Manitoba.
On Behalf of the Board of Directors,
President and 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 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.