VANCOUVER – Callinex Mines Inc. (CNX-TSX.V) (CCLXF-OTCQX) (“Callinex”) is pleased to announce that assays received from this past winter’s drilling program at the Neuron graphite property have extended the previously reported zone of graphite mineralization.
Diamond drill hole NEU007 represents a 55 meter step-out to north of the previously reported diamond drill hole NEU003, while NEU009 represents a 55 meter step-out to the south of drill hole NEU 003.. Several graphite intervals were encountered in hole NEU004, located between NEU007 and the previously announced drill holes NEU001-NEU003. Table 1 outlines the core widths encountered in the latest assay results from drill holes in the main Neuron graphite zone. True widths are unkown at ths time.
Holes NEU005 and NEU006 were drilled to test a geophysical anomaly to the west of the main zone. Graphite was encountered in the intervals, outlined in table 2.
Assay work is currently being done on holes NEU010 – NEU012. A liberation analysis is also underway at SGS Laboratories to determine the characteristics and size of the flake graphite encountered at Neuron. 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 (micrometres) to 2000 µm. (1000 µm = 1mm)
In today’s market, graphite flake concentrates become eligible for premium pricing when sized above 150 µm. and concentrates comprised of flakes larger than 368 µm command an additional premium.
To date, 8 of Callinex’s 9 diamond drill holes at the Neuron property have returned graphite mineralization.
Callinex maintained a QA/QC program at all stages of exploration. Drill core recovery was calculated, measured and recorded at the Neuron property 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.
About the Neuron property:
Callinex acquired the 43,000 hectare Neuron graphite exploration property by staking in 2013. A search of Manitoba government archives confirmed Callinex’s Chairman and CEO Mike Muzylowski’s knowledge of historic nickel exploration programs in the area that had encountered graphite incidentally. Following staking, Callinex conducted a 1,800 kilometer airborne survey which identified multiple drill targets (see Callinex’s press release dated Jan 08, 2014). This recent drilling program has tested the first two such targets.
Callinex is a Canadian 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,
For Further information please call Braden Maccke 1 (877) 228-5210.
J.J. O’Donnell, P.Geo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical contents of this release.
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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.