Callinex Mines Exploration Update
VANCOUVER, Sept. 6, 2011 /PRNewswire/ - Callinex Mines is pleased to report that a fall exploration program has begun on its Coles Creek property, and the adjacent Troitsa Option. The company is currently operating two diamond drills, one on each property. Drilling on the Troitsa option is focused on a copper-molybdenum bearing porphyry system isolated by surface trenching in the 2010 exploration program. At Coles Creek, the company is drill testing a brecciated volcanoclastic system mineralized with gold, silver and zinc. Drilling in 2010 produced a mineralized intersection grading 3.368 g/t gold, 15.33 g/t silver, 2.04% zinc and 0.15% lead across 21.25 meters of core width.
A 3D induced polarization geophysical survey is also being conducted on both Coles Creek and the Troitsa Option. An extensive program of geochemical sampling and prospecting that began in 2009 continues.
The Coles Creek and Troitsa properties are located near Houston BC, just south of Imperial Metals' Huckleberry Mine, and comprise a total of 14,857 hectares in the Omineca Mining Division of British Columbia.
Callinex is also conducting exploration on the Gossan Hill project, located near the town of Cranberry Portage, in the Flin Flon area of Manitoba. This mineralized zone was originally outlined by trenching, and was extended during last winter's program both along strike and down dip. Drilling on the property in the winter of 2010/2011 encountered gold and silver mineralization in 31 of 32 holes (one hole having been abandoned). Highlights of the program included grades of 4.60 g/t gold and 15.13 g/t silver over 23.81 meters of core width.
Callinex crews are conducting a mobile metal ion geochemical survey on the property. The survey is being conducted over a 1,000 hectare area covering a structure that exceeds 6 kilometres in strike length. This structure is believed to contain the shear zone that controls the mineralization discovered by last season's diamond drilling. The program is designed to test for chemical indications of gold and silver mineralization that could exist on the same structure. Once assay results are received from the recently completed survey, Callinex will design a diamond drilling program to test any anomalies. Drilling is planned to resume in fall, 2011.
On Behalf of the Board of Directors,
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. Callinan does not assume the obligation to update any forward-looking statement.
SOURCE Callinex Mines Inc.