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New Carolin Gold Corp.

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Summary

Project:

Ladner

Deposit:Carolin Mine
Location:Canada
Commodities:Gold
Date:6/8/2020
Report Code:NI43-101
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resource Increase/Upgrade
Report details:8-6-2020: New Carolin Gold Corp. announces an Exploration/Drilling Update report for its Carolin Mine deposit at the Ladner project. Drilling results incl. 6.1m @ 3.61g/t Au from 455.4m. June 8, 2020 - New Carolin Gold Corp. (the “Company” or “New Carolin
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Trevor Rabb (Not stated)
ABSTRACT:June 8, 2020 - New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSXV: LAD | OTCBB: LADFF): New Carolin is pleased to announce the final results from the Company’s 2019 underground drilling program and surface sampling program on its 100% owned Ladner Gold Project. Of particular note are the results of the surface soil sampling program that was completed in the fall of 2019 to confirm a historic >300 ppb gold in soil geochemical anomaly known as the Loraine target, which measures 900m along strike and ranges from 30 to 100 m wide. The Loraine target occurs within proximity of the unconformity between the Spider Peak mafic volcanics and Ladner metasediments – contact and is a similar structural setting that was targeted during the 2018 and 2019 drilling programs. In total, 118 samples were collected from 100 m spaced sample lines over part of the Loraine target to confirm the historic geochemical survey results. In addition, the resampling campaign is supported by approximately 15 new soil samples. The soil samples have a minimum of 62 ppb Au, maximum of 4150 ppb (4.15 g/t) Au and carry an average of 1327 ppb (1.33 g/t) Au.

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