Callinan Mines (CVE:CAA) reports exploration activity on the recently optioned Gossan claims, Cranberry Portage, Mb.
Articles Tagged "Callinan Mines"
Field crews have completed the 2010 exploration program at Callinan Mines (CVE:CAA) wholly owned Coles Creek property near Houston, BC. A total of 20 diamond drill holes were completed to test structures identified by geophysics and by previous drilling. Activity was centered on a newly discovered volcano-sedimentary structure exhibiting well mineralized intersections of sphalerite, galena, [...]
Callinan Mines(CVE:CAA) reports the intersection of gold and silver bearing mineralization on their Coles Creek property. Assays of samples from diamond drill hole COLE 28 have confirmed an intersection of 21.25 meters of core length grading 3.368 g/mt gold, 15.33 g/mt silver, 2.04% zinc and 0.15% lead. Callinan’s President and CEO, Mike Muzylowski says: “These assay [...]
Callinan Mines(CVE:CAA) reports that it has received a payment from Hudbay Minerals Inc. This payment represents the remaining balance of payments due to Callinan for fiscal 2009 under the 777 / Callinan Mine Net Profits Interest and Royalty agreement.Interim quarterly payments were made throughout 2009, representing an estimated 75% of 6 2/3% of the net [...]
Callinan Mines reports that it has completed this winter season’s drilling on its properties in the Snow Lake area of Manitoba. A total of seven holes were drilled in the Jean Lake program. Gold mineralization which was encountered is most often associated with arsenopyrite in various forms of altered diorite, granodiorite and tonolite, in some [...]
Callinan Mines Limited announced today that it has entered into a purchase agreement to acquire a 100 percent interest in a property known as the Gossan Claims, and has entered into an option agreement to earn a 100 percent interest in fourteen adjacent mineral claims, known as the Rug Claims.