VANCOUVER, June 30, 2014 /PRNewswire/ - Callinex Mines Inc.
(the "Company" or "Callinex") (TSX.V: CNX; OTCQX: CLLXF) is pleased
to announce the assay results from the last two diamond drill holes
of its 12-drill hole campaign on its Neuron Graphite Project
located in Northern Manitoba.
Both drill holes (NQ sized core) NEU010 and NEU012 intersected
graphite mineralization and the results are presented below in
Table 1. The intervals represent core length as true widths
are unknown at this time. The graphite mineralization extends
the strike length of the eastern panel where a bulk of the drilling
from the exploration program took place (see press release dated
May 26th, 2014). The
eastern panel was targeted for drilling after a strong EM anomaly
was identified by a VTEM airborne survey.
Table 1: Neuron Drill Results
Diamond Drill
Hole
|
From (m)
|
To (m)
|
Width (m)
|
Cg (%)
|
NEU010
|
69.50
|
77.00
|
7.50
|
4.37
|
NEU010
|
78.00
|
85.40
|
7.40
|
4.35
|
NEU010
|
111.50
|
122.00
|
10.50
|
4.45
|
NEU010
|
146.40
|
154.50
|
8.10
|
8.08
|
NEU012
|
127.50
|
139.80
|
12.30
|
4.88
|
Table 2: Neuron Drill Hole Location
Diamond Drill
Hole
|
East
|
North
|
Azimuth (°)
|
Dip (°)
|
NEU010
|
524819
|
6142616
|
100
|
-55
|
NEU012
|
524896
|
6142556
|
035
|
-87
|
SGS Laboratories is currently conducting a liberation analysis
to determine the characteristics and size of the flake graphite
encountered at the Neuron Project. Initial analysis of the
mineralization has shown that it occurs in coarse polycrystalline
aggregates and layers, forming fine to coarse flakes ranging from
100 µm (micrometers) to 2000 µm (1000 µm = 1mm).
About Callinex Mines Inc.
Callinex Mines Inc. is a mineral exploration company currently
focused on the exploration and development of its wholly owned
Neuron graphite property in Northern
Manitoba near Thompson. The company owns a portfolio
of Canadian exploration assets in various stages of development.
The portfolio consists of gold, silver, copper, molybdenum, lead,
zinc, and nickel projects. The company was incorporated in 2011 and
is based in Vancouver, Canada.
Note Regarding Scientific and Technical Information
The Company maintained a QA/QC program at all stages of
exploration. Drill core recovery was calculated, measured and
recorded at the Neuron project before being cut and sampled.
Samples were sawed 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 SGS labs in Lakefield, ON,
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.
Mark Abrams, CPG, has supervised
the preparation of and reviewed the technical information and
verified the data contained in this document. Mr. Abrams holds
Bachelors and Masters degrees in Geology from Eastern Washington University, is a qualified
person as defined in National Instrument 43-101 and is a member of
the American Institute of Professional Geologists.
Forward Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect
management's current estimates, beliefs, intentions
and expectations. They are not guarantees of future performance.
The Company cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
a number of material factors, many of which are beyond the
Company's control. Such factors include, among other
things: risks and uncertainties relating to the
company's current exploration and drilling
activities, limited operating history and the need to comply with
environmental and governmental regulations. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward looking information. Except as required
under applicable securities legislation, the Company undertakes no
obligation to publicly update or revise forward-looking
information.
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.
SOURCE Callinex Mines Inc.