The program consisted of 7,069m of diamond drilling, focused on a mineralized volcanic zone of approximately 1.5sq km in area.
Analysis of drill logs in context of assay results indicate a system of strata-bound epithermal silver-zinc-lead-gold mineralization hosted in a volcanic sediment package, created by a collapsed caldera exceeding 3km in circumference.
The company said that mineralization within this sedimentary basin has proven to be pervasive over large widths (greater than 200m).
These results indicate the potential for a complex, multi-element mineralized structure.
Callinan Mines president Mike Muzylowski said that further drilling is warranted to test for higher grade in this extensive caldera.
