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Callinan Begins Drilling of Snow Lake Properties
The initial hole of the 2009 - 2010 winter season will be drilled at Berry Creek to test the down-dip extension of mineralized host rock intersected in diamond drill hole BR-4. This drill hole, part of the previous winter program, contained anomalous copper, zinc, molybdenum and rhenium values over a 124.97 meter core length of altered quartz serecite schist and altered ryholite. This alteration is similar to the host rock of the mines in the
On the Jean Lake property, gold values as high as 11.44 g/mt have been sampled on surface by Callinan field crews. Gold values in surface samples occur in quartz veining and are associated with arsenopyrite mineralization. Geophysical tests of induced polarization and chargeability, conducted by Callinan, have located anomalies coincident with the sampled areas of mineralization. Three diamond drill holes are planned to test geophysical anomalies coincident with mineralization on the Jean Lake property.
For more information on Callinan's
About
In addition to the company's high potential exploration programs, the company is currently focused on the acquisition and development of late stage base and precious metals projects in
On Behalf of the Board of Directors
"Mike Muzylowski"
The exploration programs at
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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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 private placements and the timing and amount of expenditures. Callinan does not assume the obligation to update any forward-looking statement.
SOURCE Callinan Mines Ltd.
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