Callinex Drill Results Extend Mineralized Zone at Gossan Hill
property Manitoba
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.
Table 1:
DDH
|
From (m)
|
To (m)
|
Gold (g/t)
|
Core Width (m)
|
GOS056*
|
448.25
|
452.00
|
3.41
|
3.75
|
GOS066
|
130.75
|
132.50
|
1.95
|
1.75
|
GOS066
|
142.00
|
143.80
|
3.44
|
1.80
|
GOS067
|
104.00
|
108.70
|
12.99
|
4.70
|
GOS068
|
720.00
|
722.50
|
1.86
|
2.50
|
GOS069
|
107.00
|
112.00
|
1.44
|
5.00
|
GOS069
|
123.50
|
127.00
|
1.12
|
3.50
|
GOS069
|
161.50
|
162.00
|
1.59
|
0.50
|
GOS070
|
162.00
|
163.00
|
1.74
|
1.00
|
*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.
About Callinex
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,
J.J. O'Donnell
President, CEO
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.