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Callinan's Pine and Phillips Lake properties are located in the Thompson Nickel Belt, on the same system of ultramafic folds that contains INCO's Thompson, Soab North, Soab South and Birchtree mines and Falconbridge Mines' Bucko Lake Deposit. The Thompson and Birchtree mines produced 67.9 million and 25.8 million lbs of nickel in 2003 respectively.

The company's 2005 exploration program on the two properties has uncovered polymetallic mineralization, and extensive drill targets.

Phillips Lake

Callinan Mines acquired the Phillips Lake property with existing sulphide mineralization located by a previous operator. A 2004/2005 drill program located more mineralization in ultramafic sulphides as well as several strong geophysical conductors.


Subsequent airborne VTEM surveys in 2007 uncovered several strong conductors in the vicinity of the known folded ultramafic structure.


The company plans on drilling these targets as soon as possible.

The Pine Project

The latest drilling on the Pine project was designed to test the extension of mineralization located by the previous operator. Exploration drilling produced a near solid sulphide intercept grading at 2.04% nickel with copper and platinum values.

From	To	Width (ft.)	Width (m)	Cu %	Ni %	Co %	Pt (g/T)	Pd (g/T)
143.46	144.15	2.26	0.69	0.801	2.042	0.106	.153	.54

The occurrences of near solid sulphides carrying ore-grade polymetallic values are very encouraging. The company plans to define targets with further geophysical work, and to test the targets by drilling.