VANCOUVER, Jan. 11 /PRNewswire/ - Callinan Mines has received final assays from
the drilling conducted this past summer season at their wholly
owned Coles Creek property in Northern BC near Smithers. The program consisted of 7,069
metres of diamond drilling, focused on a mineralized volcanic zone
approximately 1.5 square kilometers in area. Analysis of drill logs
in context of assay results suggest a system of strata-bound
epithermal silver-zinc-lead-gold mineralization hosted in a
volcanic sediment package, created by a collapsed caldera exceeding
3 kilometers in circumference. Mineralization within this
sedimentary basin has proven to be pervasive over large widths
(greater than 200 meters). These results indicate the potential for
a large, complex, multi-element mineralized structure. President
Mike Muzylowski stated that "Further
drilling is warranted to test for higher grade in this extensive
caldera."
Highlights of assays are below:
Hole |
|
From (m) |
|
To (m) |
|
Length (m) |
|
Au gm/t |
|
Ag gm/t |
|
Zn % |
|
Pb % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole28* |
|
268.75 |
|
288.60 |
|
21.25 |
|
3.368 |
|
15.33 |
|
2.04 |
|
0.15 |
Cole28* |
|
181.40 |
|
194.00 |
|
12.6 |
|
0.146 |
|
68.87 |
|
2.00 |
|
1.22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole31 |
|
371.00 |
|
374.00 |
|
3.00 |
|
1.12 |
|
9.39 |
|
0.03 |
|
0.02 |
Cole31 |
|
414.60 |
|
422.50 |
|
7.90 |
|
0.43 |
|
4.00 |
|
0.07 |
|
0.03 |
incl. |
|
422.00 |
|
422.50 |
|
0.50 |
|
3.34 |
|
12.43 |
|
0.52 |
|
0.26 |
Cole31 |
|
443.60 |
|
459.10 |
|
15.50 |
|
0.44 |
|
2.90 |
|
0.04 |
|
0.01 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole32 |
|
52.00 |
|
128.70 |
|
76.70 |
|
0.04 |
|
12.56 |
|
0.27 |
|
0.10 |
incl. |
|
52.00 |
|
62.00 |
|
10.00 |
|
0.13 |
|
9.80 |
|
1.13 |
|
0.45 |
incl. |
|
123.70 |
|
124.30 |
|
0.60 |
|
1.06 |
|
104.00 |
|
6.79 |
|
2.67 |
Cole32 |
|
185.00 |
|
188.30 |
|
3.30 |
|
0.02 |
|
3.12 |
|
2.11 |
|
0.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole35 |
|
37.75 |
|
77.20 |
|
39.45 |
|
0.13 |
|
8.17 |
|
0.90 |
|
0.33 |
incl. |
|
37.75 |
|
39.20 |
|
1.45 |
|
0.44 |
|
26.00 |
|
3.07 |
|
0.85 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole37 |
|
28.50 |
|
72.80 |
|
44.30 |
|
0.12 |
|
10.21 |
|
1.21 |
|
0.35 |
incl. |
|
55.00 |
|
72.80 |
|
17.80 |
|
0.15 |
|
12.44 |
|
1.68 |
|
0.47 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole38 |
|
119.50 |
|
135.10 |
|
15.60 |
|
0.23 |
|
15.03 |
|
2.28 |
|
0.19 |
incl |
|
128.90 |
|
131.80 |
|
2.90 |
|
0.55 |
|
30.14 |
|
3.29 |
|
0.35 |
Cole38 |
|
163.90 |
|
165.90 |
|
2.00 |
|
0.12 |
|
13.00 |
|
2.38 |
|
0.47 |
Cole38 |
|
200.30 |
|
201.20 |
|
0.90 |
|
0.00 |
|
23.00 |
|
2.07 |
|
0.25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole39 |
|
260.00 |
|
272.00 |
|
12.00 |
|
0.04 |
|
5.50 |
|
0.83 |
|
0.09 |
Cole39 |
|
335.00 |
|
341.00 |
|
6.00 |
|
2.05 |
|
19.50 |
|
1.60 |
|
0.60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole40 |
|
25.00 |
|
329.00 |
|
304.00 |
|
0.05 |
|
2.42 |
|
0.52 |
|
0.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole41 |
|
32.00 |
|
107.00 |
|
75.00 |
|
0.02 |
|
7.64 |
|
0.30 |
|
0.16 |
Cole41 |
|
440.00 |
|
465.30 |
|
25.30 |
|
0.03 |
|
5.22 |
|
0.73 |
|
0.13 |
incl |
|
441.00 |
|
444.00 |
|
3.00 |
|
0.10 |
|
19.60 |
|
2.63 |
|
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole42 |
|
69.20 |
|
70.50 |
|
1.30 |
|
0.13 |
|
58.00 |
|
0.83 |
|
0.25 |
Cole42 |
|
143.00 |
|
152.00 |
|
9.00 |
|
0.02 |
|
3.33 |
|
1.03 |
|
0.01 |
Cole42 |
|
273.60 |
|
281.00 |
|
7.40 |
|
1.35 |
|
88.54 |
|
0.04 |
|
0.10 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cole47 |
|
146.00 |
|
206.00 |
|
60.00 |
|
0.02 |
|
3.02 |
|
0.57 |
|
0.11 |
Cole47 |
|
287.00 |
|
347.00 |
|
60.00 |
|
0.07 |
|
2.50 |
|
1.21 |
|
0.09 |
*Previously reported, Aug 25,
2010. |
Callinan Mines maintained a QA/QC
program at all stages of exploration. Sample recovery was
calculated, measured and observed at a company facility on site at
Coles Creek before being cut at the same facility. Samples were
sawn in half, one half being kept for storage and the other half
placed in pre-labeled plastic bags, tagged with the sample number
and recorded in the log. Samples were then shipped to Acme
Analytical Laboratories in Vancouver,
BC, where they were crushed, split, pulverized and sieved
into approximately 30 g samples at 200 mesh. Samples were then
assayed by Aqua Regia digestion ICP-MS analysis, and by fire assay
fusion method for silver and gold. 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 Muzylowski
The Coles Creek Program is 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 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 . 11 PR Newswire