This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Callinan Mines starts exploration program at Snow Lake 2009-11-11 02:15 ET - News Release Mr. Mike Muzylowski reports CALLINAN MINES BEGINS SNOW LAKE EXPLORATION PROGRAM
Callinan Mines Ltd. has begun an extensive exploration program in the Snow Lake area of Manitoba. As part of the program, the company will conduct geophysics, surface sampling and drilling on its Berry Creek property and the recently optioned Jean Lake and Watts River properties.
Under an option agreement, Callinan has the right to earn a 100-per-cent interest in the Watts River and Jean Lake properties in the Snow Lake area of Manitoba.
The Jean Lake property, 384 hectares in size, is underlain by a coarse-grained intrusive of intermediate composition dominating the geology of the area. Sampling of seven trenches scattered throughout the property has uncovered mineralization consisting of a medium-grained arsenopyrite occurring as disseminations, fracture fillings and stringers. Work conducted by the Manitoba Department of Mining and Minerals returned values ranging from a low of 0.17 gram per ton gold, to a high of 11.44 grams per ton gold from trenching conducted in seven separate locations on the Jean Lake property. The remainder is available to Stockwatch subscribers.
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