Callinex Extends New Discovery with 180m Step-Out Drill Hole at Pine Bay

Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce that drill hole PBM-024 intersected 2.6m of 3.0% Cu Eq. containing 1.64% Cu, 0.53% Zn, 0.92 g/t Au and 34.6 g/t Ag at the Company’s Pine Bay Project located near Flin Flon, Manitoba (See Table 1). This significant new Volcanogenic Massive Sulphide (“VMS”) intersection occurs approximately 180m along strike to the southwest of and 70m below the 10.3m thick intersection of 13.1% Zn Eq. cut by drill hole 284-3-93-DPN (See Figures 1, 2 and 3). The location of the PBM-024 intersection suggests that the massive sulphide zone, if proven to be continuous from the 10.3m intersection in 284-3-93-DPN, likely has a strike length comparable with many of the more significant past-producing VMS mines within the Flin Flon Mining District.
As quoted in the press release:

Max Porterfield, President and CEO, stated “We are encouraged by this most recent intersection in drill hole PBM-024 which indicates that mineralization associated with the 10.3m discovery grading 13.1% Zn Eq. is now open towards surface and at depth. With our first pass of follow up exploration now complete, upcoming work will increasingly focus on delineating the grade and size of this exciting new discovery.”
“The widely spaced exploration step-outs following the discovery of the high-grade VMS intersection in drill hole 284-3-93-DPN have provided us with a wealth of information that should now efficiently guide us towards the heart of the Pine Bay VMS system(s),” said Jim Pickell, Chief Geologist. “Geophysics has often proven to be a very effective exploration tool within the Flin Flon region as a whole. However, the technology has certain limitations when used to outline the extensions of relatively unmetamorphosed and non-conductive, pyrite-dominant, fine-grained, VMS deposits like we are exploring for in the Pine Bay area.”

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