Drilling To Re-Commence At Gossan Hill
VANCOUVER, March 13, 2013 /PRNewswire/ - Callinex Mines (TSX.V-CNX) (OTCQX - CLLXF) is pleased to announce that it has begun a drilling campaign on its Gossan Hill gold project in Northern Manitoba near Cranberry Portage. This, the third drill program on the property by Callinex, is designed to build on the success encountered in the 2012 drilling program.
The mineralization has been defined by 64 diamond drill holes over 2 drilling seasons to date. Highlights of the previous campaigns conducted by the company included hole GOS28, which returned a core width of 5.94 g/mT gold over 14.77 metres, (as reported in Callinex's press release of April 15, 2011). Diamond drill hole GOS33, which intersected 19.88 g/mT gold over 2.45 metres of core width (as reported in Callinex's press release of May 16, 2012). The objective of the current drill program will be to expand the zone at depth and along strike.
The gold and silver mineralization at the Gossan Hill project is located along a 2 kilometer shear zone. The southernmost end of the shear-zone is the home of the previously producing Gurney Gold Mine. The historic Manitoba mine produced 28,045 ounces of gold from 94,650 tons of ore milled, according to records obtained through the Manitoba Department of Energy and Mines. The Company cautions that work done by previous operators on the Gurney Gold Mine property was conducted before the implementation of National Instrument 43-101. Quality control methods by the previous operators are unknown, and the accuracy of the information cannot and should not be relied upon.
Callinex's holdings at Gossan Hill consist of 3,679 hectares of mining claims. Rail line runs through the claim block, and a provincial highway is located approximately 10 kilometers from the project.
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
