Tuesday, October 18, 2016

Callinex Mines Inc. - CNX.v

Callinex Mines Inc. - CNX.v is focused on discovering and developing zinc and copper rich mines within prolific Canadian VMS mining jurisdictions.

On October 18, 2016 the company released News
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.