ENCOURAGJING RESULTS !!!!CRANBERRY GOLD + FAT ROYALTY PAYMENT= A HEALTHY CALLINAN: CAA
1.The Gossan Hill property near Cranberry Portage, Manitoba: Encouraging, continuing diamond drilling, combined with “historical data” of .25 oz. /T gold over 5 meters, reinforce the traditional exploration methodology: “ Look for gold where it has been found before” . The leases contain the former producer, the Gurney Mine.
2. All important INFRASTRUCTURE is in place: electrical power, road and rail.
3. High priced commodities and unshipped 777 Mine concentrate from the previous quarter, should generate a ‘FAT ROYALTY PAYMENT’ for Callinan this February. Royalty payment for the first quarter of 2011 should be even bigger. Currently, Callinan has a very healthy bank account, which includes the recent significant private placement by Roland Butler.
Note: The world debt crisis, inflation, particularly agricultural inflation, political unrest and the subsequent need for sustained, orderly growth , in emerging economies, has produced a high level of uncertainty and a higher trend in the price of gold, as a safe haven. Callinan is in great shape for moving forward.
For details check Callinan’s excellent website: www.callinan.com