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New Carolin Gold Corp.
Summary
| Project: | Ladner | |
|---|---|---|
| Deposit: | Ladner | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 11/17/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-11-2016: New Carolin Gold Corp. announces an Exploration/Drilling Update report for its Ladner deposit at the Ladner project. Drilling results incl. 8.00m @ 3.89g/t Au from 138.00. November 17 2016 -- New Carolin Gold Corp. (the “Company” or “New Carol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Rob Singh (Internal) | |
| ABSTRACT: | November 17 2016 -- New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSXV: LAD) (OTCBB LADFF) - is pleased to announce initial results from the surface drilling program recently completed at its Ladner Creek Project, located east of Hope, British Columbia. Three holes were drilled along the margins of a fold nose interpreted to control gold mineralization at the Carolin mine and in surrounding areas. Drilling was designed to intersect the on-strike continuity of gold mineralization originally targeted during historical underground mining. Holes 1, 2, and 4 all successfully intersected gold mineralization that had been predicted through recent geological modeling. Hole 3 intersected weakly anomalous gold mineralization and was drilled as an exploration hole west of the Carolin Mine zone. The current interpretation developed from underground and surface geological mapping this past summer suggests that higher grade gold mineralization (as intersected in hole CM-004) occurs in fold hinges. Wider zones of gold mineralization intersected in holes CM-001 and CM-001 (CM-001 intersected 41.5 m of 0.43 g/t gold and CM-002 intersected 28.4 m of 0.62 g/t gold) occur above and near fold hinges and provide a useful vector to define the higher-grade corridors. The Cross Section Diagram shows a section of drill hole CM-004. The interpretation suggests that the folded gold zone continues beyond the existing underground workings and has a high-grade core. These folds have been mapped across approximately 6 kilometres of the property and have documented high grade gold occurring along the hinges. The Company will continue to develop and refine the geological model in order to predict and delineate these higher-grade zones. | |
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