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New Carolin Gold Corp.
Summary
| Project: | Ladner | |
|---|---|---|
| Deposit: | Carolin Mine | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/23/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2020: New Carolin Gold Corp. announces an Exploration/Drilling Update report for its Carolin Mine deposit at the Ladner project. Drilling results incl. 11.14m @ 1.51g/t Au from 220.27m. JANUARY 23, 2020 - New Carolin Gold Corp. (the “Company” or “New | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Trevor Rabb (Not stated) | |
| ABSTRACT: | JANUARY 23, 2020 - New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSXV: LAD | OTCBB: LADFF): New Carolin is pleased to announce the results of the first hole from the company’s 2019 underground drilling program on its 100% owned Ladner Gold Project. Hole NC1901 was a 25 metre step-out from hole 11100-96-1 that encountered 10.54 meters of 3.4 g/t Au including 4.7 meters of 5.5 g/t. The mineralized zones in hole 19NC01 are coincident with hole 11100-96-1 and confirm the presence of the gold bearing zones discussed in the October 19, 2018 news release. Results are pending for hole 19NC02 which is a 50 metre step-out from hole 19NC01, and 100 metre step-out from hole 11100-96-1. Hole NC1902 was drilled to test the extensions of mineralisation encountered in hole 19NC01 and 11100-96-1. Geological interpretations from core logging support the current vein models. Structural and lithological examination of the core indicates a continuation of mineralization along the NW trending hinge zone as well as the ultramafic contact zone. Based on these current vein models the true widths of the mineralized intervals represent approximately 70% to 90% of the downhole interval lengths. | |
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