VANCOUVER- 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 disseminated 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,
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.