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.
|DDH||From (m)||To (m)||Gold (g/t)||Core Width (m)|
*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.
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,
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.