VANCOUVER, Jan. 10 /PRNewswire/ - Callinan Mines announces today that the balance
of the diamond drill holes completed to date at their Gossan Hill
property have been proven by assay to contain gold and silver.
Highlights include a 4.70 metre section of diamond drill hole
GOS-11 containing 9.47 g/mT of gold, and 16.52 g/mT of silver, as
well as a second zone of 8.77 metres of 3.24 g/mT of gold and 2.48
g/mT silver. To date, fourteen diamond drill holes have been
completed. DDHs GOS-11, GOS-12 and GOS-13 are the deepest holes
drilled at Gossan Hill to date. The zone of mineralization is
exhibiting increased grade with depth, and the zone remains open on
strike and down dip. Please see the table below:
DDH |
|
|
|
from (m) |
|
|
|
to (m) |
|
|
|
width (m) |
|
|
|
Au g/mT |
|
|
|
Ag g/mT |
GOS-08 |
|
|
|
103.66 |
|
|
|
109.90 |
|
|
|
6.24 |
|
|
|
2.03 |
|
|
|
39.83 |
incl |
|
|
|
107.00 |
|
|
|
109.90 |
|
|
|
2.90 |
|
|
|
2.86 |
|
|
|
80.48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GOS-09 |
|
|
|
100.30 |
|
|
|
106.85 |
|
|
|
6.55 |
|
|
|
2.71 |
|
|
|
6.08 |
incl |
|
|
|
102.30 |
|
|
|
105.68 |
|
|
|
3.38 |
|
|
|
3.61 |
|
|
|
8.46 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GOS-10 |
|
|
|
137.64 |
|
|
|
144.50 |
|
|
|
6.86 |
|
|
|
1.54 |
|
|
|
7.77 |
incl |
|
|
|
141.30 |
|
|
|
144.10 |
|
|
|
2.80 |
|
|
|
2.10 |
|
|
|
10.69 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GOS-11 |
|
|
|
178.80 |
|
|
|
183.50 |
|
|
|
4.70 |
|
|
|
9.47 |
|
|
|
16.52 |
incl |
|
|
|
179.75 |
|
|
|
182.46 |
|
|
|
2.71 |
|
|
|
13.64 |
|
|
|
22.73 |
GOS-11 |
|
|
|
190.45 |
|
|
|
199.22 |
|
|
|
8.77 |
|
|
|
3.24 |
|
|
|
2.48 |
incl |
|
|
|
195.75 |
|
|
|
196.80 |
|
|
|
1.05 |
|
|
|
14.83 |
|
|
|
7.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GOS-12 |
|
|
|
183.10 |
|
|
|
191.90 |
|
|
|
8.80 |
|
|
|
3.79 |
|
|
|
3.90 |
incl |
|
|
|
184.54 |
|
|
|
187.55 |
|
|
|
3.01 |
|
|
|
7.22 |
|
|
|
4.60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GOS-13 |
|
|
|
200.25 |
|
|
|
200.77 |
|
|
|
0.52 |
|
|
|
14.53 |
|
|
|
513.35 |
GOS-13 |
|
|
|
211.95 |
|
|
|
215.00 |
|
|
|
3.05 |
|
|
|
7.22 |
|
|
|
12.87 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GOS-14 |
|
|
|
148.25 |
|
|
|
162.00 |
|
|
|
13.75 |
|
|
|
3.36 |
|
|
|
15.45 |
incl |
|
|
|
148.25 |
|
|
|
152.96 |
|
|
|
4.71 |
|
|
|
5.82 |
|
|
|
37.69 |
These assays represent the result of testing by Aqua Regia
digestion ICP-ES analysis (24 elements) and assayed for gold and
silver by fire assay method. Samples are currently being re-assayed
by metallic method to better understand the nature of the
gold-mineralization and determine if samples have been affected by
the "nugget effect".
The gold mineralization occurs in a quartz vein 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. Diamond drill testing at Gossan Hill will resume
immediately. The current ground conditions will allow for drilling
to be conducted further along the mineralized shear zone and test
the extent of mineralization along strike.
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 (blanks and standards)
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 Muzylowski
Mike Muzylowksi
All of Callinan's exploration programs are conducted under
the direction of J.J. O'Donnell,
P.Geo, 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.
SOURCE Callinan Mines Ltd.
Copyright . 10 PR Newswire