VANCOUVER, Nov. 3 /PRNewswire/ - Callinan Mines has commenced exploration
activity on the recently optioned Gossan claims, located near the
community of Cranberry Portage,
Mb. The work program will consist of approximately ten
diamond drill holes, totaling approximately 3,000 meters. Targets
will include known gold bearing structures identified in government
assessment reports. The program has been designed with holes at 25
meter intervals. "This program is an effort to determine tonnage
and grade per vertical meter," explains Callinan President
Mike Muzylowski. "If this testing
shows promise, further drilling will occur."
The 3,679 hectare property was once the site of the formerly
producing Gurney Gold Mine. The project last operated in the 1930s
and extracted gold from a mineralized contact shear zone that runs
the length of the property. Reports of previous operators,
accessed through records at the Manitoba Department of Energy and
Mines, show previous gold bearing diamond drill intersections along
a structure nearly four kilometers in length. Intersections tested
by previous operators returned assays of 4.05 grams of gold per
tonne and 42.86 grams of silver per tonne over 12.48 meters,
including 8.40 grams of gold per tonne and 96.34 grams of silver
per tonne over 4.5 meters, and 17.76 grams of gold per tonne and
91.54 grams of silver per tonne over 1.5 meters. Callinan cautions
that work done by previous operators was conducted before the
implementation of National Instrument 43-101 and it has not
verified any of the reported results from work on the property.
Quality control methods employed by the previous operator are
unknown, and the accuracy of the information cannot and should not
be relied upon.
The gold mineralization at the Gossan Property is hosted in a
sheared diorite/gabbro, and a sheared felspar porphyry structure
containing quartz carbonate stringers. The property is accessible
by an all weather road, and by rail.
On Behalf of the Board of Directors,
"Mike Muzylowski"
Mike Muzylowski
All of the Company's exploration programs are conducted under
the direction of Pat Deveaux, P.Geo,
a qualified person as defined by National Instrument 43-101, who
has reviewed and approved the contents of this release.
Neither 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.
SOURCE Callinan Mines Ltd.
Copyright v. 3 PR Newswire