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Callinan Receives Drill Permits for Snow Lake Properties, Extends Shareholders Rights Plan
The program will consist of approximately 4,000 meters of diamond drilling in 9 holes. Drilling on the Berry Creek property will include a hole designed to test the downward extension of the mineralized structure located in previously drilled BR-4. This previous drilling, conducted by Callinan in the previous winter season, intersected 1.35 gm/mt gold over 1.5 meters.
Targets on Jean Lake and Watts River include trends located by a recently completed induced polarization survey. Additional geophysics are being conducted to further outline known targets and locate additional targets.
Additionally,
A copy of the Rights Plan, as amended, will be filed under Callinan's profile on SEDAR.
"Mike Muzylowski"
Mike Muzylowski
President and CEO
All of Callinan's exploration programs are conducted under the direction of
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.
Some statements in this news release contain forward-looking information. 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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