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Last updated on April 24, 2014 at 12:40 EDT

Drilling at Gossan Hill Intersects 9.73 g/mT Gold over 5.75 Meters

February 25, 2011

VANCOUVER, Feb. 25 /PRNewswire/ – Callinan Mines (TSX.V: CAA) ongoing
exploration program at Gossan Hill has intersected gold mineralization
in each of 12 holes for which assay results have recently been
received. The best results, in hole GOS 25, grade 9.73 grams of gold
per tonne, and 6.91 grams of silver per tonne over a width of 5.75
meters. The gold intersection in DDH GOS 25 included a width of 3.35
meters grading 15.80 grams of gold per tonne, and 10.87 grams of silver
per tonne.  Diamond Drill Holes GOS 25 and GOS 26 have successfully
established the mineralized structure below the 200 meter level. The
zone of mineralization still remains open on strike and down dip.
Please see the table below:


                                           Core
                  from                     Width          Au           Ag
                    (m)       To (m)       (m)         (g/Mt)       (g/Mt)

    Gos015       213.20        215.1         1.9         2.42         1.95

    Gos015       229.30       233.83        4.53         4.06         4.10

    incl.        231.85       233.83        1.98         5.37         4.09

    Gos016       227.00       240.85       13.85         1.72         3.59

    incl.        227.00       235.75        8.75         2.11         4.48

    Gos016       243.60       246.12        2.52         2.38         3.58

    Gos017       126.35       128.75        2.40         2.32         3.44

    Gos018        69.52        71.50        1.98         5.33         6.25

    incl.         70.70        71.50        0.80        10.32        13.00

    Gos019        77.55        85.10        7.55         4.61         7.97

    incl.         79.50        81.75        2.25         9.81        22.04

    Gos020        48.25        48.52        0.27         8.68        16.00

    Gos021        42.25        44.16        1.91         2.14        10.37

    incl.         42.60        43.66        1.06         2.95        14.81

    Gos022       119.10       121.35        2.25         4.12         3.98

    incl.        119.50       121.35        1.85         4.61         4.19

    Gos023       168.70       170.00        1.30         0.63         1.66

    Gos024       133.49       134.80        1.31         1.10         6.72

    incl.        133.49       134.38        0.89         1.33         6.58

    Gos025       218.30       224.05        5.75         9.73         6.91

    incl.        218.30       221.65        3.35        15.80        10.87

    incl.        219.30       221.30        2.00        24.60        16.00

    incl.        219.30       220.80        1.50        30.30        18.67

    Gos026       176.75       179.88        3.13         8.26         8.52

    incl.        176.75       178.30        1.55        13.53        16.19

    Gos026       188.53       192.31        3.78         2.27         3.84

True widths are approximately 60% of core widths.

The gold and silver mineralization at Gossan Hill is strongly associated
with sulphide mineralization (pyrite, chalcopyrite and galena) within
quartz carbonate veining adjacent to a sheared intrusive / volcanic
contact zone. Interpretations of mapped geology indicate that the
structure has a strike length of at least two kilometers. One diamond
drill continues to test the zone of mineralization with 4,903 metres
(29 drill holes) completed to date.

Callinan has acquired a 100% interest in 6,269 hectares of the Gossan
Hill Property by staking. The company can earn 100% of an additional
4,345 hectares, subject to a 2% NSR, 50% of which is recoverable, under
a three year option agreement. Callinan Mines maintained a QA/QC
program at all stages of exploration. Drill core recovery was
calculated, measured and recorded at the Gossan Hill Property before
being cut and sampled. Samples were split in half, one half of each
sample being kept for storage and the other half placed in a
pre-labeled plastic bag, tagged with the sample number and recorded in
the log. Callinan QA/QC samples were inserted into the group of samples
and shipped to Acme Analytical Laboratories in Vancouver, BC, where
they were crushed, split, and pulverized to 250 g samples at 200 mesh.
Pulp samples were then assayed by Aqua Regia digestion ICP-ES analysis
(24 elements) and assayed for gold and silver by fire assay method. 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, Mike Muzylowksi Mike Muzylowski All of Callinan’s exploration programs are conducted under the direction
of J.J. O’Donnell, P.Geo ,Vice President of Exploration for Callinan
and a qualified person as defined by national instrument 43-101, who
has reviewed and approved the contents of this release. Neither the 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 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 work programs and the timing and amount of expenditures.
Callinan does not assume the obligation to update any forward-looking
statement.

SOURCE Callinan Mines Ltd.


Source: newswire