Drilling to Re-Commence at Gossan Hill
VANCOUVER, March 13, 2013 /PRNewswire/ - Callinex Mines (TSX.V-CNX) (OTCQX - CLLXF) is pleased to announce that it has begun a drilling campaign on its Gossan Hill gold project in Northern Manitoba near Cranberry Portage. This, the third drill program on the property by Callinex, is designed to build on the success encountered in the 2012 drilling program.
The mineralization has been defined by 64 diamond drill holes over 2 drilling seasons to date. Highlights of the previous campaigns conducted by the company included hole GOS28, which returned a core width of 5.94 g/mT gold over 14.77 metres, (as reported in Callinex's press release of April 15, 2011). Diamond drill hole GOS33, which intersected 19.88 g/mT gold over 2.45 metres of core width (as reported in Callinex's press release of May 16, 2012). The objective of the current drill program will be to expand the zone at depth and along strike.
The gold and silver mineralization at the Gossan Hill project is located along a 2 kilometer shear zone. The southernmost end of the shear-zone is the home of the previously producing Gurney Gold Mine. The historic Manitoba mine produced 28,045 ounces of gold from 94,650 tons of ore milled, according to records obtained through the Manitoba Department of Energy and Mines. The Company cautions that work done by previous operators on the Gurney Gold Mine property was conducted before the implementation of National Instrument 43-101. Quality control methods by the previous operators are unknown, and the accuracy of the information cannot and should not be relied upon.
Callinex's holdings at Gossan Hill consist of 3,679 hectares of mining claims. Rail line runs through the claim block, and a provincial highway is located approximately 10 kilometers from the project.
On Behalf of the Board of Directors,
President & COO
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. Callinex does not assume the obligation to update any forward-looking statement.
SOURCE Callinex Mines Inc.