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Drilling at Gossan Hill
Encounters 4.70 metres of 9.47 g/mT Gold, 16.53 g/mT Silver
VANCOUVER -- 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
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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 Muzylowksi
Mike Muzylowski
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.
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