VANCOUVER, Sept. 6, 2011 /CNW/ - Callinex Mines is pleased to report
that a fall exploration program has begun on its Coles Creek property,
and the adjacent Troitsa Option. The company is currently operating two
diamond drills, one on each property. Drilling on the Troitsa option is
focused on a copper-molybdenum bearing porphyry system isolated by
surface trenching in the 2010 exploration program. At Coles Creek, the
company is drill testing a brecciated volcanoclastic system mineralized
with gold, silver and zinc. Drilling in 2010 produced a mineralized
intersection grading 3.368 g/t gold, 15.33 g/t silver, 2.04% zinc and
0.15% lead across 21.25 meters of core width.
A 3D induced polarization geophysical survey is also being conducted on
both Coles Creek and the Troitsa Option. An extensive program of
geochemical sampling and prospecting that began in 2009 continues.
The Coles Creek and Troitsa properties are located near Houston BC, just
south of Imperial Metals' Huckleberry Mine, and comprise a total of
14,857 hectares in the Omineca Mining Division of British Columbia.
Callinex is also conducting exploration on the Gossan Hill project,
located near the town of Cranberry Portage, in the Flin Flon area of
Manitoba. This mineralized zone was originally outlined by trenching,
and was extended during last winter's program both along strike and
down dip. Drilling on the property in the winter of 2010/2011
encountered gold and silver mineralization in 31 of 32 holes (one hole
having been abandoned). Highlights of the program included grades of
4.60 g/t gold and 15.13 g/t silver over 23.81 meters of core width.
Callinex crews are conducting a mobile metal ion geochemical survey on
the property. The survey is being conducted over a 1,000 hectare area
covering a structure that exceeds 6 kilometres in strike length. This
structure is believed to contain the shear zone that controls the
mineralization discovered by last season's diamond drilling. The
program is designed to test for chemical indications of gold and silver
mineralization that could exist on the same structure. Once assay
results are received from the recently completed survey, Callinex will
design a diamond drilling program to test any anomalies. Drilling is
planned to resume in fall, 2011.
On Behalf of the Board of Directors,
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
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. Callinan does not assume the obligation to
update any forward-looking statement.
SOURCE Callinex Mines Inc.
For further information:
Braden Maccke, 736 Granville Street, Suite 110, Vancouver, BC, V6Z 1G3, Telephone: (604) 605-0885, Toll-Free: 1-877-228-5210, Fax: (604) 605-0886, Email: email@example.com, Website: www.callinan.com