Step Out Drilling at Gossan Hill Outlines New Gold Mineralization

Apr 16, 2012, 14:01 ET from Callinex Mines Inc.

VANCOUVER, April 16, 2012 /PRNewswire/ - Callinex Mines (TSX.V - CAA) (OTCQX - CLLXF) is pleased to announce the receipt of assays from six holes, including an 8.90 meter drill core intersection grading 3.02 g/t gold and 8.88 g/t silver from its wholly owned Gossan Hill property in Northern Manitoba near Cranberry Portage.

The 8.90 meter intersection was received from hole GOS43, which was collared 650 meters south of the previous drilling associated with the Gossan Hill zone, and appears to be on the same horizon / structure as the mineralized intersections recovered from the 2011 program. The company has also received assay results from DDH GOS46, which intersected 4.02 meters of 1.46 g/t gold, and 2.13 g/t silver, 325 meters north of any previously tested holes. These two intersections, situated 1800 meters apart, along with the Gossan Hill Zone results, continue to demonstrate the potential of the property.

Assay results from the six holes are as follows:

Hole From (m) To (m) Width (m) Au (g/t) Ag (g/t)
GOS046 109.40 113.42 4.02 1.46 2.14
GOS049 144.34 147.00 2.66 1.46 0.96
GOS051 77.82 80.36 2.54 3.23 31.57
GOS052 145.62 148.24 2.62 0.93 7.69
incl 145.62 146.00 0.38 2.62 53.00
GOS055 298.58 301.39 2.81 2.78 7.09
incl 299.00 301.39 2.39 3.23 8.33

Widths are drill core widths. Further drilling will be required to determine true widths.

Holes GOS49 through GOS55 successfully tested the on-strike extension of known mineralization encountered in the 2011 drill program.

Drilling at the Gossan Hill property has now been suspended as winter conditions recede. The 2012 program completed a total of 32 diamond drill holes. Some drill core samples are still being analyzed by Acme Analytical Laboratories, and the Company will release results in due course. For more information on the Gossan Hill property, including maps and tables of drilling results, readers are encouraged to visit, or to call the company.

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, and pulverized to 250 g samples at 200 mesh. Pulp samples were then assayed by Aqua Regia digestion ICP-ES analysis (24 elements) and assayed for gold and silver by fire assay method. The lab employs internal quality control by assaying pulp duplicates and inserting quality control standards of predetermined values and a blank sample.

On Behalf of the Board of Directors,

J.J. O'Donnell

J.J. O'Donnell

President and COO

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.