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Last updated on April 17, 2014 at 12:58 EDT

Callinex Drill Results Extend Mineralized Zone at Gossan Hill property Manitoba

May 10, 2013

VANCOUVER, May 10, 2013 /PRNewswire/ – Callinex Mines (TSX.V-CNX) (OTCQX-CLLXF)
is pleased to announce that it has recently completed an exploration
program at its wholly owned Gossan Hill property in Manitoba, near the
past producing Gurney Gold mine. The drill program was carried-out
during the month of March and consisted of six drill holes totaling
1,499m. The program objectives were to test the extent of
mineralization along strike on the western (GOS066, GOS067) and eastern
flanks (GOS069, GOS070) of the Gossan Hill Zone, and at depth
(GOS068). A modeling of data from the 2012 program had indicated that
previously drilled GOS056 appeared to have stopped short of the main
gold-bearing zone. Consequently, GOS056 was deepened as part of the
2013 program intersecting the main zone for a core width of 3.75
metres, at a grade of 3.41 grams per tonne.

The results display good grades over widths amenable to current mining
methods. Drill hole GOS067 displays the best result with an interval
of 4.70 metres grading 12.99 g/t gold. This interval extends the gold
bearing shear zone an additional 50 metres to the west, and suggests
further drilling warranted in this area. The deepening of GOS056
(previously thought to have stopped short of the zone) assayed 3.41g/t
gold over 3.75 metres. Drill holes GOS069 and GOS070 were drilled at
the easternmost extent and show good alteration; however, the altered
and mineralized zone was faulted-off.

Table 1:

     _________________________________________________
    |   DDH |From (m)|To (m)|Gold (g/t)|Core Width (m)|
    |_______|________|______|__________|______________|
    |GOS056*| 448.25 |452.00|    3.41  |       3.75   |
    |_______|________|______|__________|______________|
    |GOS066 | 130.75 |132.50|    1.95  |       1.75   |
    |_______|________|______|__________|______________|
    |GOS066 | 142.00 |143.80|    3.44  |       1.80   |
    |_______|________|______|__________|______________|
    |GOS067 | 104.00 |108.70|   12.99  |       4.70   |
    |_______|________|______|__________|______________|
    |GOS068 | 720.00 |722.50|    1.86  |       2.50   |
    |_______|________|______|__________|______________|
    |GOS069 | 107.00 |112.00|    1.44  |       5.00   |
    |_______|________|______|__________|______________|
    |GOS069 | 123.50 |127.00|    1.12  |       3.50   |
    |_______|________|______|__________|______________|
    |GOS069 | 161.50 |162.00|    1.59  |       0.50   |
    |_______|________|______|__________|______________|
    |GOS070 | 162.00 |163.00|    1.74  |       1.00   |
    |_______|________|______|__________|______________|

*2012 drill hole, deepened in 2013.

Widths represent drill core lengths. True widths are unknown at this
time.

The gold mineralization is observed within a shear zone at the contact
between mafic volcanics and intrusive rocks with intense quartz
veining. Alterations consist of carbonate, sericite and epidote. The
gold mineralization is associated with pyrite and pyrrhotite and varies
from fine-grained disseminated to blebby coarse-grained.

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, 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 Callinex
Callinex is a Canadian based 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,

J.J. O’Donnell
President, CEO

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 may 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 and the timing and amount of expenditures. Callinex does not
assume the obligation to update any forward-looking statement.

SOURCE Callinex Mines Inc.


Source: PR Newswire