Drilling to Re-Commence at Gossan Hill
13 Marzo 2013 - 8:11PM
OTC Markets
Drilling to Re-Commence at Gossan Hill
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Drilling to Re-Commence at Gossan Hill
PR Newswire
VANCOUVER, March 13, 2013
VANCOUVER, March 13, 2013 /PRNewswire/ - Callinex Mines
(TSX.V-CNX) (OTCQX -
CLLXF) is pleased to announce that it has begun a drilling campaign
on
its Gossan Hill gold project in Northern
Manitoba near Cranberry
Portage. This, the third drill program on the property by
Callinex, is
designed to build on the success encountered in the 2012
drilling
program.
The mineralization has been defined by 64 diamond drill holes over
2
drilling seasons to date. Highlights of the previous campaigns
conducted by the company included hole GOS28, which returned a
core
width of 5.94 g/mT gold over 14.77 metres, (as reported in
Callinex's
press release of April 15, 2011).
Diamond drill hole GOS33, which
intersected 19.88 g/mT gold over 2.45 metres of core width (as
reported
in Callinex's press release of May 16,
2012). The objective of the
current drill program will be to expand the zone at depth and
along
strike.
The gold and silver mineralization at the Gossan Hill project is
located
along a 2 kilometer shear zone. The southernmost end of the
shear-zone
is the home of the previously producing Gurney Gold Mine. The
historic
Manitoba mine produced 28,045
ounces of gold from 94,650 tons of ore
milled, according to records obtained through the Manitoba
Department of Energy and Mines. The Company cautions that work done
by previous operators on the
Gurney Gold Mine property was conducted before the implementation
of
National Instrument 43-101. Quality control methods by the
previous
operators are unknown, and the accuracy of the information cannot
and
should not be relied upon.
Callinex's holdings at Gossan Hill consist of 3,679 hectares of
mining
claims. Rail line runs through the claim block, and a
provincial
highway is located approximately 10 kilometers from the
project.
On Behalf of the Board of Directors,
J.J. O'Donnell
J.J. O'Donnell
President & COO
All of Callinan'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 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.
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