VANCOUVER, 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 Northern Manitoba 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.
Chairman Mike Muzylowski will
step in as interim CEO and President in Mr. O'Donnell's
absence.
On Behalf of the Board of Directors,
Mike Muzylowski
Mike Muzylowski
Chairman and CEO
JJ O'Donnell, a qualified person as defined by National
instrument 43-101, has reviewed and approved the technical contents
of this release.
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.
SOURCE Callinex Mines Inc.