Quantcast
Last updated on April 20, 2014 at 17:20 EDT

Assays from Gossan Hill Reveal 30.37 g/t Gold over 1.58 Metres

March 13, 2012

VANCOUVER, March 13, 2012 /PRNewswire/ – Callinex Mines (TSX.V: CNX) (OTCBB:
CLLXF) is pleased to announce the receipt of the first assay results
from this season’s winter exploration program at its Gossan Hill
property in Northern Manitoba near Cranberry Portage.

Intersections grading 19.88 g/t gold over 2.45 meters, and 3.77 g/t gold
over 2.39 meters have been assayed in samples from four holes of the
program. The program has drilled 20 holes to date, and additional assay
work is being completed.

GOS 33 intersected the gold-bearing structure 45 metres down strike from
previously drilled GOS 30, completed by Callinex in 2011 to intersect
mineralization grading 4.21 g/t gold over 15.91 meters of core width.
GOS 34 is the deepest intersection to date for the Gossan Hill Zone,
which tested the structure 440 meters vertically from surface. GOS 36
and GOS 41 successfully extended the strike length of the gold bearing
structure by 180 meters, 300 meters to the South of all previous
drilling.


           From (m) To (m) Width (m) Au (g/t)            Ag (g/t)

    GOS 33  316.60  319.05    2.45     19.88                5.15

    incl.   317.47  319.05    1.58     30.37                7.98

    incl.   317.47  318.60    1.13     40.75               11.16

    GOS 34  394.40  397.30    2.90      1.77                4.97

            473.82  476.21    2.39      3.77                1.27

    GOS 36  152.81  156.78    3.97      2.21               15.94

    incl    152.81  155.78    2.97      2.57               21.31

    GOS 41  138.54  139.21    0.67      3.26                0.00

            142.00  144.70    2.70      1.71                0.00

    "Width" represents core widths. True widths are approximately 60%
                             of core widths.

More targets are being tested both along strike and down plunge of the
known mineralization. The zone established by drilling at Gossan Hill
is part of a 6 kilometer shear zone that includes a formerly producing
gold mine. Two diamond drilling rigs are scheduled to continue work for
as long as conditions permit.

Highlights of last winter’s program include grades of 4.60 g/t gold and
15.13 g/t silver over 23.81 meters of core width, intersected in hole
GOS28.

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, and pulverized to 250 g
samples at 200 mesh. Pulp samples were then assayed by Aqua Regia
digestion ICP-ES analysis (24 elements) and assayed for gold and silver
by fire assay method. The lab employs internal quality control by
assaying pulp duplicates and inserting quality control standards of
predetermined values and a blank sample.

On Behalf of the Board of Directors,

J.J. O’Donnell

J.J. O’Donnell

President and COO

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 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. Callinex does not assume the obligation to update any
forward-looking statement
.

SOURCE Callinex Mines Inc.


Source: PR Newswire