EDITOR: | April 23rd, 2014

Assays Confirm High Grade Graphite Mineralization at Neuron Graphite Project

| April 23, 2014 | No Comments
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April 23, 2014 (Source: CNW) — Callinex Mines (TSX.V-CNX) (OTCQX-CLLXF) is pleased to announce that assays have confirmed high-grade graphite mineralization in samples from the first two diamond drill holes at its Neuron Graphite property in Northern Manitoba near Thompson. Carbon graphite grades of 10.88% have been measured over multiple sections of mineralization, including a 14.5 meter section of mineralization, beginning only 4.5 metres below surface.

A preliminary analysis of the mineralogy of the samples by SGS labs has determined that the graphite mineralization occurs in coarse, polycrystalline aggregates and layers. The graphite forms fine to coarse flakes ranging from 100 μm (micrometres) to 2 millimetres as individual grains. SGS labs has expressed that the graphite sampled at Neuron “is well crystalline and it might liberate well at around 1 mm grind.” Work is underway to more suitably determine the liberation characteristics.

Company Chairman and CEO Mike Muzylowski is encouraged by this first batch of assays, and is optimistic regarding the coming batches. “These samples are representative of the high-carbon content, large flake graphite that we had hoped for at Neuron. We’re looking forward to results from additional holes, and from more detailed liberation tests.”

The drilling program was carried-out from late February to early April and consisted of 12 drill holes totaling 2,226 metres. The program successfully identified graphite mineralization in 10 of 12 drill holes. The zone of mineralization remains open along strike and down dip. Logging and sampling of the core has recently been completed at a company facility, and samples are being shipped to SGS labs in Lakefield, Ontario for assay and mineralogy work. Assays from additional drill holes and results from metallurgical work are forthcoming.

Graphite mineralization occurs near surface in quartz-biotite schist.  The graphite mineralization textures vary from fine to near solid.  The first two drill holes, NEU001 and NEU002, were drilled from the same set-up and were oriented 1000 and dipping -870 and -550, respectively.

Table 1 outlines the mineralized widths of interest in diamond drill holes NEU001 and NEU002.

Table 1

DDH From (m) To (m) Width (m) Cg%
NEU001 4.5 19.0 14.5 10.88
incl. 4.5 12.2 7.7 18.54
incl. 4.5 6.5 2.0 37.75
NEU001 31.2 87.7 56.5 5.03
incl. 47.0 78.6 31.6 7.02
incl. 47.0 52.0 5.0 26.03
incl. 47.0 49.8 2.8 39.87
NEU002 6.0 37 31.0 6.68
incl. 10.2 10.7 0.5 64.40
incl. 32.4 37.0 4.6 32.44
incl. 33.5 36.6 3.1 46.16
NEU002 71.4 127.2 55.8 5.37
incl. 71.4 79.1 7.7 17.85
incl. 97.8 98.4 0.6 78.30

Callinex Mines maintained a QA/QC program at all stages of exploration. Drill core recovery was calculated, measured and recorded at the Neuron property before being cut and sampled. Samples were sawed in half, one half of each sample being kept for storage and the other half placed in a pre-labeled plastic bag, tagged with the sample number and recorded in the log. Callinex QA/QC samples were inserted into the group of samples and shipped to SGS labs in Lakefield, ON, where they were crushed, split, pulverized to 250 g samples at 200 mesh and then assayed. The lab employs internal quality control by assaying pulp duplicates and inserting quality control standards of predetermined values and a blank sample.

About the Neuron property:
The 43,000 hectare Neuron graphite exploration property was acquired by staking in 2013. A search of Manitoba government archives confirmed company Chairman and CEO Mike Muzylowski’s knowledge of historic nickel exploration programs in the area that had encountered high-grade graphite incidentally. Following staking, the company conducted a 1,800 kilometer airborne survey which identified multiple drill targets (see company press release Jan 08, 2014).  This recent drilling program has tested the first two such targets. Eight targets remain un-tested.
The Neuron property is the site of a hydro-electric dam, operated by the provincial government. A 220 kv power line runs the length of the property. The Neuron property is in close proximity to provincial highway 6 and associated infrastructure.

About Callinex
Callinex is a Canadian mineral exploration company with projects in the Provinces of British Colombia and Manitoba, Canada. The company’s exploration activities are designed to offer shareholders exposure to the discovery phase of the mining value cycle.

On Behalf of the Board of Directors,

Mike Muzylowski
Chairman and CEO

The Technical information in this release was reviewed and verified by JJ O’Donnell, a qualified person as defined by National Instrument 43-101. 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. Callinex does not assume the obligation to update any forward-looking statement.


Raj Shah

Editor:

Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>


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