Business
Step Out Drilling at Gossan Hill Outlines New Gold Mineralization
VANCOUVER, April 16, 2012 /CNW/ - Callinex Mines (TSX.V - CAA) (OTCQX - CLLXF) is pleased t...
About this update from Visionary Copper And Gold Mines Inc.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, April 16, 2012 /CNW/ - Callinex Mines (TSX.V - CAA) (OTCQX -\n CLLXF) is pleased to announce the receipt of assays from six holes,\n including an 8.90 meter drill core intersection grading 3.02 g/t gold\n and 8.88 g/t silver from its wholly owned Gossan Hill property in\n Northern Manitoba near Cranberry Portage.\n\n\nThe 8.90 meter intersection was received from hole GOS43, which was\n collared 650 meters south of the previous drilling associated with the\n Gossan Hill zone, and appears to be on the same horizon / structure as\n the mineralized intersections recovered from the 2011 program. The\n company has also received assay results from DDH GOS46, which\n intersected 4.02 meters of 1.46 g/t gold, and 2.13 g/t silver, 325\n meters north of any previously tested holes. These two intersections,\n situated 1800 meters apart, along with the Gossan Hill Zone results,\n continue to demonstrate the potential of the property.\n\n\nAssay results from the six holes are as follows:\n\n\nHole\n\n\nFrom (m)\n\n\nTo (m)\n\n\nWidth (m)\n\n\nAu (g/t)\n\n\nAg (g/t)\n\n\nGOS043\nincl.\nincl.\n\n\n116.10\n116.10\n122.12\n\n\n125.00\n118.07\n123.39\n\n\n8.90\n1.97\n1.27\n\n\n3.02\n5.24\n9.98\n\n\n8.88\n9.14\n30.66\n\n\nGOS046\n\n\n109.40\n\n\n113.42\n\n\n4.02\n\n\n1.46\n\n\n2.14\n\n\nGOS049\n\n\n144.34\n\n\n147.00\n\n\n2.66\n\n\n1.46\n\n\n0.96\n\n\nGOS051\n\n\n77.82\n\n\n80.36\n\n\n2.54\n\n\n3.23\n\n\n31.57\n\n\nGOS052\n\n\n145.62\n\n\n148.24\n\n\n2.62\n\n\n0.93\n\n\n7.69\n\n\nincl\n\n\n145.62\n\n\n146.00\n\n\n0.38\n\n\n2.62\n\n\n53.00\n\n\nGOS055\n\n\n298.58\n\n\n301.39\n\n\n2.81\n\n\n2.78\n\n\n7.09\n\n\nincl\n\n\n299.00\n\n\n301.39\n\n\n2.39\n\n\n3.23\n\n\n8.33\n\n\nWidths are drill core widths. Further drilling will be required to\n determine true widths.\n\n\nHoles GOS49 through GOS55 successfully tested the on-strike extension of\n known mineralization encountered in the 2011 drill program.\n\n\nDrilling at the Gossan Hill property has now been suspended as winter\n conditions recede. The 2012 program completed a total of 32 diamond\n drill holes. Some drill core samples are still being analyzed by Acme\n Analytical Laboratories, and the Company will release results in due\n course. For more information on the Gossan Hill property, including\n maps and tables of drilling results, readers are encouraged to visit calli...