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Callinan Mines Announces Purchasing Agreements for Gurney Gold Mine Property
May. 13, 2010 02:33PM PST
Gold Investing
Callinan Mines Limited announced today that it has entered into a purchase agreement to acquire a 100 percent interest in a property known as the Gossan Claims, and has entered into an option agreement to earn a 100 percent interest in fourteen adjacent mineral claims, known as the Rug Claims.
Callinan Mines Limited (TSX.V:CAA) announced today that it has entered into a purchase agreement to acquire a 100 percent interest in a property known as the Gossan Claims, and has entered into an option agreement to earn a 100 percent interest in fourteen adjacent mineral claims, known as the Rug Claims.
The Press Release is quoted as saying:
The Gossan and Rug Claims encompass the property (the “Gurney Property”) which includes the formerly producing Gurney Gold Mine, as well as the mineralized contact shear zone that hosts the former producer. Reports from previous operators, accessed through records at the Manitoba Department of Energy and Mines, show the Gurney Gold Mine’s two years of production, from 1937-1939, produced a total of 25,164 ounces of gold and 71,953 ounces of silver from 90,500 tonnes of ore milled.