ZINC-GOLD: New zinc-gold find by Callinex at Pine Bay project

MANITOBA – Callinex Mines of Vancouver has made a new polymetallic discovery at its Pine Bay project 16 km east of Flin Flon. The discovery hole, 284-3-93-DPN, intersected 10.3 metres grading 13.1% ZnEq containing 6.0% Zn, 1.8 g/t Au, 60.4 g/t Ag, 0.7% Cu and 0.4% Pb including a higher grade interval over 4.2 metres grading 20.8% Zn Eq. containing 11.8% Zn, 2.4 g/t Au, 73.8 g/t Ag, 0.7% Cu and 0.7% Pb. Callinex said the discovery was made by extending a historic Placer Dome drill hole by 38 metres to 1,10.26 metres. The historic hole, which ended in copper-bearing sulphide mineralization, was initially drilled as part of an attempt to discover a 30 million tonne volcanogenic massive sulphide deposit at Pine Bay. Visit the Callinex website (www.Callinex.ca) to see maps and long sections.