VANCOUVER, March 14, 2014 /PRNewswire/ - Callinex Mines
Inc. (CNX – TSX.V) (CLLXF-OTCQX) is pleased to announce that two
diamond drill holes have been completed at the company's wholly
owned Neuron graphite property in Northern Manitoba. Graphitic horizons
were observed visually and occur from surface to depths of 80
metres. Within the 0-80 metre intersections two notable near solid
graphite intervals ranging from 0.5 metres to 3 metres have been
identified in both drill holes. The near solid graphite zones are
preceded and followed by wispy graphite mineralization throughout
the host rock (quartz-bitotite schist). Logging and sampling of
drill core was completed at a company facility. Samples are being
sent in batches to SGS Labs in Lakefield,
Ontario. There, core will undergo testing to determine the
content of graphitic carbon, as well as grain size and liberation
characteristics.
This initial round of drilling is testing EM targets identified
by an airborne survey conducted during the fall of 2013 (see
company press release of January
8th, 2014). The company's exploration team
is encouraged by this early success. The drill program is ongoing,
and is currently concentrated on expanding the identified graphite
zone. Several promising EM targets remain untested at this
stage in other areas of the company's 44,300 hectare property.
On Behalf of the Board of Directors,
Mike Muzylowski
Mike Muzylowski
Chairman and CEO
The Technical information in this release was reviewed and
verified by JJ O'Donnell, a qualified person as defined by National
Instrument 43-101.
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.
