Jan. 17, 2014
/PRNewswire/ - Callinex Mines Inc. (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that it has received final title from the Manitoba Department of Mines for the 17,500 hectares of Mineral Exploration Licenses in
previously reported as having been applied for. This final government approval brings the land package in the district to a total of 44,300 hectares in area. Callinex is the sole holder of the Mineral Exploration Licenses, and several additional mineral claims. The Company has acquired this land package strategically, for the purpose of discovery-oriented graphite exploration.
As previously reported, the property, called the "Neuron" property, was the subject of a 1,850 line-kilometer VTEM survey conducted by the company this past fall. The survey uncovered several areas of conductivity coincident with magnetic lows, which the company's exploration team has identified as potential targets for graphite mineralization. The Company has received a drill permit and access to the property is being arranged via winter roads. The Company plans to begin an exploration program at the earliest possible date.
In other news, JJ O'Donnell has made a transition away from his role as President and CEO, and as a member of the board of directors to a position as a technical advisor. Mr. O'Donnell has accepted a position at a private mining company, and will no longer be able to make the time commitment required of a chief executive. The company thanks him for his service in his former role, and is pleased to be able to continue to draw on his knowledge and experience as a technical advisor.
will step in as interim CEO and President in Mr. O'Donnell's absence.
On Behalf of the Board of Directors,
Chairman and CEO