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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | Castle Mountain | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/11/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 11-9-2017: Newcastle Gold Ltd. announces a Resource Estimation report for its Castle Mountain deposit at the Castle Mountain project. Updated mineral resource estimate at Castle Mountain. In December 2015, NewCastle Gold Ltd. (NewCastle) completed an upda | |
| Resources: | (Resource, M+I): 192.2Mt @ 0.642g/t Au for 3.97Moz Au contained at project | |
| CP/QP: | [Resources]: Don Tschabrun (Mine Technical Services Ltd.) | |
| ABSTRACT: | In December 2015, NewCastle Gold Ltd. (NewCastle) completed an updated mineral resource estimate for the Castle Mountain Project (Project), reporting 4.191 million ounces of gold in the Measured and Indicated Mineral Resource categories (220 Mt grading 0.59 g/t gold) and 0.76 million ounces of gold in the Inferred Mineral Resource category (40.8 Mt grading 0.58 g/t gold). Since this time, NewCastle has completed an additional 235,000 feet of drilling in 194 drill holes on the Project in two drill campaigns using angled reverse circulation (RC) and diamond core drilling to improve the grade and the geological understanding of the deposits. In 2016, NewCastle commissioned Mine Technical Services Ltd. (MTS) to update the mineral resource estimate for the Project, incorporating the recent drilling and the improved understanding of the deposits. The purpose of this Technical Report is to support the press release by NewCastle on 11 September 2017 entitled “NewCastle Gold’s Recent In-Fill Drilling Increases Mineral Resource Grade by 9% With 4.0 Moz in Measured and Indicated Categories at Castle Mountain”. The Project is located in the historic Hart Mining District, at the southern end of the Castle Mountains, San Bernardino County, California, approximately 70 mi (112.6 km) south of Las Vegas, Nevada. The Project is located in the high desert area near the Mojave National Preserve and Castle Mountains National Monument. The Project includes 13,276 acres of patented and unpatented lode, placer and mill site claims. The site can be accessed by gravel road year-round. | |
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