VANCOUVER, Feb. 25 /PRNewswire/ - 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:
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from (m) |
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To (m) |
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Core Width
(m) |
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Au (g/Mt) |
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Ag (g/Mt) |
Gos015 |
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213.20 |
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215.1 |
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1.9 |
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2.42 |
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1.95 |
Gos015 |
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229.30 |
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233.83 |
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4.53 |
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4.06 |
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4.10 |
incl. |
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231.85 |
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233.83 |
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1.98 |
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5.37 |
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4.09 |
Gos016 |
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227.00 |
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240.85 |
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13.85 |
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1.72 |
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3.59 |
incl. |
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227.00 |
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235.75 |
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8.75 |
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2.11 |
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4.48 |
Gos016 |
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243.60 |
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246.12 |
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2.52 |
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2.38 |
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3.58 |
Gos017 |
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126.35 |
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128.75 |
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2.40 |
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2.32 |
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3.44 |
Gos018 |
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69.52 |
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71.50 |
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1.98 |
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5.33 |
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6.25 |
incl. |
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70.70 |
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71.50 |
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0.80 |
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10.32 |
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13.00 |
Gos019 |
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77.55 |
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85.10 |
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7.55 |
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4.61 |
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7.97 |
incl. |
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79.50 |
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81.75 |
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2.25 |
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9.81 |
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22.04 |
Gos020 |
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48.25 |
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48.52 |
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0.27 |
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8.68 |
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16.00 |
Gos021 |
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42.25 |
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44.16 |
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1.91 |
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2.14 |
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10.37 |
incl. |
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42.60 |
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43.66 |
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1.06 |
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2.95 |
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14.81 |
Gos022 |
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119.10 |
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121.35 |
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2.25 |
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4.12 |
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3.98 |
incl. |
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119.50 |
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121.35 |
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1.85 |
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4.61 |
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4.19 |
Gos023 |
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168.70 |
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170.00 |
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1.30 |
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0.63 |
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1.66 |
Gos024 |
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133.49 |
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134.80 |
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1.31 |
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1.10 |
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6.72 |
incl. |
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133.49 |
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134.38 |
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0.89 |
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1.33 |
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6.58 |
Gos025 |
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218.30 |
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224.05 |
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5.75 |
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9.73 |
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6.91 |
incl. |
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218.30 |
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221.65 |
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3.35 |
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15.80 |
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10.87 |
incl. |
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219.30 |
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221.30 |
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2.00 |
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24.60 |
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16.00 |
incl. |
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219.30 |
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220.80 |
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1.50 |
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30.30 |
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18.67 |
Gos026 |
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176.75 |
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179.88 |
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3.13 |
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8.26 |
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8.52 |
incl. |
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176.75 |
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178.30 |
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1.55 |
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13.53 |
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16.19 |
Gos026 |
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188.53 |
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192.31 |
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3.78 |
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2.27 |
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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.
SOURCE Callinan Mines Ltd.
Copyright . 25 PR Newswire