Before heavy snow could put a stop to drilling, Callinan Mines (CAA-V) discovered a new silver-zinc-lead system at its Coles Creek property near Houston, BC.
The company was looking at a multi-phase porphyry system it had explored in 2006, finding the new zone to the southeast of the known zone.
Hole COLE-09, on the porphyry system, returned a 53-metre intersection grading 0.313% copper, 0.004% molybdenum and 0.21 gram gold per tonne starting from a depth of 317 metres.
From the new zone, Hole COLE-15 was drilled in a polymodal volcano-sedimentary breccia conglomerate. The hole returned 86.2 metres grading 4.83 grams silver per tonne, 0.28% zinc and 0.072% lead from a depth of 120 metres.
A 37.5-metre intersection from hole COLE-16 graded 3.85 grams silver per tonne, 0.361% zinc and 0.073% lead from 50 metres depth.
Callinan drilled eight holes, reaching a combined total of more than 2,600 metres of drilling. Three of the holes returned no significant value. The company has yet to receive the result of two other holes.
Callinan plans to do more testing on the property to learn more about the new discovery.
Be the first to comment on "Callinan finds new mineralization at Coles Creek"