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New Carolin Gold Corp.
Summary
| Project: | Ladner | |
|---|---|---|
| Deposit: | Ladner | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 12/15/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-12-2016: New Carolin Gold Corp. announces an Exploration/Drilling Update report for its Ladner deposit at the Ladner project. Drilling results incl. 35.00m @ 1.07g/t Au from 85.00m. December 15, 2016 -- New Carolin Gold Corp. (the “Company” or “New Car | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Singh (Internal) | |
| ABSTRACT: | December 15, 2016 -- New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSXV: LAD) (OTCBB LADFF) is pleased to announce the remaining results from the Phase I surface drill program completed at the Company’s Ladner Creek project in the fall of 2016. These holes were designed to test for gold mineralization both above and to the east of the Carolin Mine Zone. Due to the proximity of the Underground workings holes were targeted approximately 30m away from the mine workings to avoid intersected open areas of the underground. Hole CM-012 intersected 5 distinct mineralized zones east of the current mine workings. One intercept - 4.0m of 4.79 g/t Au is located approximately 40m east of the mine workings at the 935 level and provides key geological controls to join CM-012 with historical hole OG-15 (an additional 35m east of the mine workings) which intersected 6.3m of 5.41 g/t Au. CM-012 also ended in gold mineralization. Hole CM-007 intersected 2.0m of 4.57 g/t Au including 1.0m of 6.73 g/t Au approximately 40m above the Carolin Mine Workings and up-dip of historical hole OG-34 which intersected 17.2m of 5.14 g/t Au and 10.5m of 5.48 g/t Au in two distinct zones- both located outside of the current Carolin Resource Estimate. Hole CM-007 ended in mineralization and was terminated due to it’s proximity to the underground workings. CM-007 also intersected 4 additional mineralized zones in the top 300 meters of the hole. These intercepts are above the Carolin Mine Workings and are considered new targets for future exploration. A complete list of results is provided in Table 1. | |
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