|Callinex Mines Inc. - CNX.v is focused on discovering and developing zinc and copper rich mines within prolific Canadian VMS mining jurisdictions.|
Callinex Mines Inc. (the “Company” or “Callinex”) (TSX-V: CNX; OTCQX: CLLXF) is pleased to announce a new high-grade zinc, gold, silver and copper discovery at the Company’s Pine Bay Project, located near HudBay’s operations in Flin Flon, Manitoba (See Figures 1, 2 and 3). The discovery hole, 284-3-93-DPN, intersected 10.3m grading 13.1% zinc equivalent mineralization (“Zn Eq.”) containing 6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb including a higher grade interval over 4.2m grading 20.8% Zn Eq. containing 11.8% Zn, 2.4 g/t Au, 73.8 g/t Ag, 0.7% Cu and 0.7% Pb. The discovery was made by extending a historic Placer Dome drill hole by 38 meters. The historic drill hole, which ended in copper-bearing sulphide mineralization, was initially drilled as part of their mandate to discover a 30 million ton Volcanogenic Massive Sulphide (“VMS”) deposit at the Pine Bay Project.