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TheStreet Open House

Drilling To Re-Commence At Gossan Hill

VANCOUVER, March 13, 2013 /PRNewswire/ - Callinex Mines (TSX.V-CNX) (OTCQX - CLLXF) is pleased to announce that it has begun a drilling campaign on its Gossan Hill gold project in Northern Manitoba near Cranberry Portage. This, the third drill program on the property by Callinex, is designed to build on the success encountered in the 2012 drilling program.

The mineralization has been defined by 64 diamond drill holes over 2 drilling seasons to date. Highlights of the previous campaigns conducted by the company included hole GOS28, which returned a core width of 5.94 g/mT gold over 14.77 metres, (as reported in Callinex's press release of April 15, 2011). Diamond drill hole GOS33, which intersected 19.88 g/mT gold over 2.45 metres of core width (as reported in Callinex's press release of May 16, 2012). The objective of the current drill program will be to expand the zone at depth and along strike.

The gold and silver mineralization at the Gossan Hill project is located along a 2 kilometer shear zone. The southernmost end of the shear-zone is the home of the previously producing Gurney Gold Mine. The historic Manitoba mine produced 28,045 ounces of gold from 94,650 tons of ore milled, according to records obtained through the Manitoba Department of Energy and Mines. The Company cautions that work done by previous operators on the Gurney Gold Mine property was conducted before the implementation of National Instrument 43-101. Quality control methods by the previous operators are unknown, and the accuracy of the information cannot and should not be relied upon.

Callinex's holdings at Gossan Hill consist of 3,679 hectares of mining claims. Rail line runs through the claim block, and a provincial highway is located approximately 10 kilometers from the project.

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