more to come !!!!Callinan’s exploration strategy pays off @ Cranberry Portage, Manitoba
“ LOOK FOR GOLD WHERE IT HAS BEEN FOUND BEFORE”
The “historical data”of .25 oz./T gold over 5 meters on the Gossan Hill property, which contained the former producer, the Gurney Mine, has been confirmed by Callinan’s current ongoing diamond drill program.
Callinan reports: 5.75 meters of 9.73 g/T Gold & 6.91 g/T silver @ Gossan Hill.
The structure is open at depth and along an estimated 2 kilometer strike length. More results are forthcoming as drilling continues.
Reminder: When the investor purchases Callinan shares ‘prior to the split’, they will own A. A royalty company with $ 18,000,000 cash , no debt and an estimated $24,000,000 per annum revenue or $.50 / share , based upon the company’s reported $6,000,000 royalty revenue in the 1st quarter 2011. & B. Free shares of the exploration company, calculated upon the number of shares of CAA held by the shareholder at the official announced date of the ‘split’. The Gossan Hill property will be included among the extensive stable of properties to be transferred to the exploration company. The only exception is the WAR BABY leases, which will be retained by the Royalty Company.
Callinan’s management team is headed by “Mine Finder ”Mike Muzylowski, a recent appointee to the Canadian Mining Hall of Fame.
For details check the company’s web site: www.callinan.com
Trading symbol: CAA: TSX venture
Closing price 2011-02-25 $ 2.86zk2k9