Callinex Provides Flin Flon Exploration Update and Outlines 2017 Exploration Campaign for Project Portfolio

Callinex Mines (the “Company” or “Callinex”) (TSX VENTURE:CNX)(OTCQX:CLLXF) is pleased to provide an update on the current drilling campaign at the Pine Bay Project in the Flin Flon Mining District of Manitoba. The Company has drilled six holes totaling 3,015m since the last exploration update in late-January. Two drill rigs are currently operating, with one drilling to test the southern strike extension of the Cabin VMS Horizon while the other is deepening the previously drilled hole PBM-008 to reach the sparsely tested portions of the Pine Bay VMS Horizon to the north of the historic Pine Bay Deposit.
As quoted in the press release:

Assay results for six recently completed drill holes are expected to be returned towards the end of March. Two of the six holes were drilled in the Sourdough Area and three of the six drill holes in the Pine Bay Area of Callinex’s Pine Bay Project. Additionally, one short drill hole was completed on a recently acquired claim block located approximately 8 km west of the Pine Bay Area.
The focus of the current campaign has been to identify opportunities with the potential to host significant volcanogenic massive sulphide (VMS) mineralization within the project area. This approach has been based on a combination of geology, geochemistry and geophysics. Petrophysical tests completed on core samples containing massive sulphides indicate that the mineralization in the area can be weakly to non-conductive, meaning that it can often go undetected using conventional borehole Electromagnetic (EM) technology. At least four drill holes have been selected for testing with a Crone induction probe with the objective of identifying improved in-hole and off-hole responses from the massive sulphide mineralized zones intersected to date. Additional borehole geophysical testing is being considered along with an airborne ZTEM™ (Z-Axis Tipper Electromagnetic) survey that has the ability to identify large, steeply-dipping targets at depths of up to 2km.
The current drilling campaign is expected to complete three additional holes before the spring break-up period begins in mid to late-March. The drilling program is anticipated to resume in June once the new geophysical work has been completed and ground conditions improve.

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