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Drilling at Gossan Hill Intersects 9.73 g/mT Gold over 5.75 Meters
VANCOUVER -- Callinan Mines (TSX.V -- CAA) ongoing exploration program
at Gossan Hill has intersected gold mineralization
in each of 12 holes for which assay results have recently been received. The
best results, in hole GOS 25, grade 9.73 grams of
gold per tonne, and 6.91 grams of silver per tonne over a width of 5.75 meters. The gold intersection
in DDH GOS 25 included a width of 3.35 meters grading 15.80 grams of gold per
tonne, and 10.87 grams of silver per tonne. Diamond Drill Holes GOS 25 and GOS 26 have
successfully established the mineralized structure below the 200 meter level.
The zone of mineralization still remains open on strike and down dip. Please
see the table below:
|
From (m)
|
To (m)
|
Core Width (m)
|
Au (g/Mt)
|
Ag (g/Mt)
|
Gos015
|
213.20
|
215.1
|
1.9
|
2.42
|
1.95
|
Gos015
|
229.30
|
233.83
|
4.53
|
4.06
|
4.10
|
incl.
|
231.85
|
233.83
|
1.98
|
5.37
|
4.09
|
Gos016
|
227.00
|
240.85
|
13.85
|
1.72
|
3.59
|
incl.
|
227.00
|
235.75
|
8.75
|
2.11
|
4.48
|
Gos016
|
243.60
|
246.12
|
2.52
|
2.38
|
3.58
|
Gos017
|
126.35
|
128.75
|
2.40
|
2.32
|
3.44
|
Gos018
|
69.52
|
71.50
|
1.98
|
5.33
|
6.25
|
incl.
|
70.70
|
71.50
|
0.80
|
10.32
|
13.00
|
Gos019
|
77.55
|
85.10
|
7.55
|
4.61
|
7.97
|
incl.
|
79.50
|
81.75
|
2.25
|
9.81
|
22.04
|
Gos020
|
48.25
|
48.52
|
0.27
|
8.68
|
16.00
|
Gos021
|
42.25
|
44.16
|
1.91
|
2.14
|
10.37
|
incl.
|
42.60
|
43.66
|
1.06
|
2.95
|
14.81
|
Gos022
|
119.10
|
121.35
|
2.25
|
4.12
|
3.98
|
incl.
|
119.50
|
121.35
|
1.85
|
4.61
|
4.19
|
Gos023
|
168.70
|
170.00
|
1.30
|
0.63
|
1.66
|
Gos024
|
133.49
|
134.80
|
1.31
|
1.10
|
6.72
|
incl.
|
133.49
|
134.38
|
0.89
|
1.33
|
6.58
|
Gos025
|
218.30
|
224.05
|
5.75
|
9.73
|
6.91
|
incl.
|
218.30
|
221.65
|
3.35
|
15.80
|
10.87
|
incl.
|
219.30
|
221.30
|
2.00
|
24.60
|
16.00
|
incl.
|
219.30
|
220.80
|
1.50
|
30.30
|
18.67
|
Gos026
|
176.75
|
179.88
|
3.13
|
8.26
|
8.52
|
incl.
|
176.75
|
178.30
|
1.55
|
13.53
|
16.19
|
Gos026
|
188.53
|
192.31
|
3.78
|
2.27
|
3.84
|
True widths are approximately 60% of core widths.
The gold and silver mineralization at Gossan Hill
is strongly associated with sulphide mineralization
(pyrite, chalcopyrite and galena) within quartz carbonate veining adjacent to
a sheared intrusive / volcanic contact zone. Interpretations of mapped
geology indicate that the structure has a strike length of at least two
kilometers. One diamond drill continues to test the zone of mineralization
with 4,903 metres (29 drill holes) completed to
date.
Callinan has acquired a 100% interest in 6,269
hectares of the Gossan Hill Property by staking.
The company can earn 100% of an additional 4,345 hectares, subject to a 2%
NSR, 50% of which is recoverable, under a three year option agreement.
Callinan Mines maintained a QA/QC program at all
stages of exploration. Drill core recovery was calculated, measured and
recorded at the Gossan Hill Property before being
cut and sampled. Samples were split in half, one half of each sample being
kept for storage and the other half placed in a pre-labeled plastic bag,
tagged with the sample number and recorded in the log. Callinan
QA/QC samples were inserted into the group of samples and shipped to Acme
Analytical Laboratories in Vancouver, BC, where they were crushed, split, and
pulverized to 250 g samples at 200 mesh. Pulp
samples were then assayed by Aqua Regia digestion
ICP-ES analysis (24 elements) and assayed for gold and silver by fire assay
method. The lab employs internal quality control by assaying pulp duplicates
and inserting quality control standards of predetermined values and a blank
sample.
On Behalf of the Board of Directors,
Mike Muzylowksi
Mike Muzylowski
All of Callinan's exploration programs are
conducted under the direction of J.J. O'Donnell, P.Geo
,Vice President of Exploration for Callinan and a
qualified person as defined by national instrument 43-101, who has reviewed
and approved the 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. Callinan does not assume the obligation
to update any forward-looking statement.
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