VANCOUVER, Aug. 25 /CNW/ - Callinan Mines is pleased to announce the
intersection of gold and silver bearing mineralization on their Coles
Creek property in Northern British Columbia, south of Houston. 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. The mineralized zone occurs from
268.75 meters to 288.60 meters in a volcanoclastic breccia mineralized
with sphalerite, argentite and galena. Another 11.55 meter zone, also in
DDH COLE 28 occurring from 181.40 meters to 194.00 meters returned
samples measuring 0.146 g/mt gold, 68.87 g/mt silver, 2.00% zinc and
The company is pleasantly surprised by the elevated gold values, and is
optimistic for the potential of further gold mineralization along the
same structure. DDH COLE 28 was collared 162 meters away from previously
reported COLE 18, which returned 141 meters of 20.5 g/mt silver and
0.32% zinc, including 4.7 meters of 200 g/mt silver and 1.09% zinc. The
company added a second drill to the project in early August and both
drills will continue drill testing further along the mineralized
structure for as long as weather conditions permit.
"These assay results represent great progress at Coles Creek," Callinan
President and CEO Mike Muzylowski said today. "While there is still much
work to be done to determine the full extent of the mineralization, I'm
optimistic that 2010 will turn out to be a great year for Callinan and
for the Coles Creek Project. We hope to be able to continue drilling
well into the fall season."
Callinan Mines maintained a QA/QC program at all stages of exploration.
Sample recovery was calculated, measured and observed at a company
facility on site at Coles Creek before being cut at the same facility.
Samples were broken in half, one half being kept for storage and the
other half placed in pre-labeled plastic bags, tagged with the sample
number and recorded in the log. Samples were then shipped to Acme
Analytical Laboratories in Vancouver, BC, where they were crushed,
split, pulverized and sieved into approximately 30 g samples at 200
mesh. Samples were then assayed by Aqua Regia digestion ICP-ES analysis,
and assayed for silver and gold by fire assay. 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,
All of Callinan's exploration programs are conducted under the
direction of Pat Deveaux, P.Geo, a qualified person as defined by
national instrument 43-101, who has reviewed and approved the contents
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 private placements and the timing and amount of
expenditures. Callinan does not assume the obligation to update any
SOURCE CALLINAN MINES LTD.
For further information: For further information:
Braden Maccke, 736 Granville Street, Suite 1100, Vancouver, BC, V6Z 1G3, Telephone: (604) 605-0885, Toll-Free: 1-877-228-5210, Fax: (604) 605-0886, Email: firstname.lastname@example.org, Website: www.callinan.com