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 | |  Phone: (604) 605-0885 Fax: (604) 605-0886 E-mail: Suite 1100 - 736 Granville St. Vancouver, B.C. Canada V6Z 1G3 | | Flin Flon
The Snow Lake Area |
Island Lake |
Fox River Mafic Belt |
Flin Flon | Coles Creek | The Cal Claims | Thompson Nickel Belt Where it All Began Callinan Mines owns a 6 2/3% net profits interest and $0.25 per ton royalty in a block of 81 mining leases in the town of Flin Flon, Manitoba. This block of leases includes the world class 777 mine, and the formerly producing Callinan mine. The War Baby claim, in which The Company holds a 100% interest, is adjacent to the 777 mine. The next phase of exploration drilling on the War Baby property will most likely be from underground as the 777 orebody is expanded or mined at depth. In addition to being the host of rich, producing mineral deposits, the claims in Flin Flon are the site of sustained exploration activity. Producing Mines The Callinan and 777 mines are both located in Flin Flon Manitoba and subject to Callinan's aforementioned Net Profits and Royalty interests. In the third quarter of 2007, the company received their first payment under the Net Profits portion of their agreement with Hudbay Minerals. The income from the Net Profits Interest allows Callinan to develop their high potential exploration assets without needless dilution. As metals prices continue to climb, so does the value of these mines, and the value of Callinan's royalty. The 777 mine is projected to continue its current pace of production through the year 2019. For the latest information about the royalty income, please check the company's quarterly filings via SEDAR. Continuing Potential Callinan's net profits and royalty interests cover 81 mineral claims and leases surrounding the 777 and Callinan Mines. The area is famous for its high grade VMS deposits which are notably rich and easy to mine. The War Baby  The War Baby Claim sits adjacent to the 777 mine and is owned entirely by Callinan Mines (subject to a 10% back-in right by the vendor).Most of the exploration carried out on the War Baby Claim was concentrated in the lower rhyolitic quartz porphyry unit hosts to the multi lense Callinan Mine located some 1200 metres up plunge. The last wedged hole of the drill program, CFF2 W23, was drilled to explore the down plunge extension of the 777 orebody below the 1560 metre level. To date, the most significant intercepts include:
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