VANCOUVER, May 26, 2014 /PRNewswire/ - Callinex Mines
Inc. (CNX-TSX.V) (CLLXF-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.
Table 1:
|
Hole
|
From
|
To
|
Width
|
Cg%
|
|
NEU004
|
7.60
|
10.30
|
2.70
|
3.41
|
|
NEU004
|
30.50
|
35.00
|
4.50
|
6.18
|
|
NEU004
|
76.60
|
79.00
|
2.40
|
5.82
|
|
NEU007
|
11.20
|
13.50
|
2.30
|
5.06
|
|
NEU009
|
51.60
|
56.40
|
4.80
|
4.69
|
|
NEU009
|
61.80
|
65.80
|
4.00
|
6.50
|
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.
Table 2:
|
Hole
|
From
|
To
|
Width
|
Cg%
|
|
NEU005
|
124.50
|
128.00
|
3.50
|
7.87
|
|
NEU006
|
102.00
|
104.55
|
2.55
|
4.33
|
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 100µm
(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.
About Callinex
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,
Mike Muzylowski
Mike Muzylowski
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.
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.