11:58 AM EST - Callinex Mines Inc. : Has completed a total of seven drill holes in three target areas at the Company's Pine Bay Project along with one hole to test a geophysical target on an adjacent optioned claim group. Although the drill holes intersected significant alteration within favorable felsic volcanic rocks, no material concentrations of base metal mineralization were identified within these holes. The Company is currently drilling hole PBM-024 located approximately 125m to the south of the 284-3-93-DPN discovery hole that intersected 10.3m grading 13.1% zinc equivalent mineralization including 6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb. Callinex Mines Inc.
shares V.CNX are trading down $0.06 at $0.30.
