Callinex Continues to Intersect Graphite Mineralization at its Neuron Project

VANCOUVER, June 30, 2014 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSX.V: CNX; OTCQX: CLLXF) is pleased to announce the assay results from the last two diamond drill holes of its 12-drill hole campaign on its Neuron Graphite Project located in Northern Manitoba.

Both drill holes (NQ sized core) NEU010 and NEU012 intersected graphite mineralization and the results are presented below in Table 1.  The intervals represent core length as true widths are unknown at this time.  The graphite mineralization extends the strike length of the eastern panel where a bulk of the drilling from the exploration program took place (see press release dated May 26th, 2014).  The eastern panel was targeted for drilling after a strong EM anomaly was identified by a VTEM airborne survey. 

Table 1: Neuron Drill Results

Diamond
Drill Hole

From
(m)

To
(m)

Width
(m)

Cg
(%)

NEU010

69.50

77.00

7.50

4.37

NEU010

78.00

85.40

7.40

4.35

NEU010

111.50

122.00

10.50

4.45

NEU010

146.40

154.50

8.10

8.08

NEU012

127.50

139.80

12.30

4.88

Table 2:  Neuron Drill Hole Location

Diamond
Drill Hole

East

North

Azimuth
(°)

Dip
(°)

NEU010

524819

6142616

100

-55

NEU012

524896

6142556

035

-87

SGS Laboratories is currently conducting a liberation analysis to determine the characteristics and size of the flake graphite encountered at the Neuron Project. Initial analysis of the mineralization has shown that it occurs in coarse polycrystalline aggregates and layers, forming fine to coarse flakes ranging from 100 µm (micrometers) to 2000 µm (1000 µm = 1mm).

About Callinex Mines Inc.

Callinex Mines Inc. is a mineral exploration company currently focused on the exploration and development of its wholly owned Neuron graphite property in Northern Manitoba near Thompson.  The company owns a portfolio of Canadian exploration assets in various stages of development. The portfolio consists of gold, silver, copper, molybdenum, lead, zinc, and nickel projects. The company was incorporated in 2011 and is based in Vancouver, Canada.

Note Regarding Scientific and Technical Information

The Company maintained a QA/QC program at all stages of exploration. Drill core recovery was calculated, measured and recorded at the Neuron project before being cut and sampled. Samples were sawed 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 SGS labs in Lakefield, ON, 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.

Mark Abrams, CPG, has supervised the preparation of and reviewed the technical information and verified the data contained in this document. Mr. Abrams holds Bachelors and Masters degrees in Geology from Eastern Washington University, is a qualified person as defined in National Instrument 43-101 and is a member of the American Institute of Professional Geologists.

Forward Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to the company's current exploration and drilling activities, limited operating history and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

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.

SOURCE Callinex Mines Inc.



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