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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | East Ridge | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 1/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-1-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its East Ridge deposit at the Castle Mountain project. Drilling results incl. 18.3m @ 1.95g/t Au from 387.1m. Toronto, Ontario, January 12, 2017 − NewCastle Gold Ltd. (NCA: | |
| Resources: | (Resource): 17.4Mt @ 0.86g/t Au (Meas.), 202.5Mt @ 0.57g/t Au (Ind.), 40.8Mt @ 0.58g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Ian R. Cunningham-Dunlop (Internal) | |
| ABSTRACT: | Toronto, Ontario, January 12, 2017 − NewCastle Gold Ltd. (NCA:TSX-V) (NewCastle Gold or the “Company”) is pleased to report assay results from the remaining 10 reverse circulation (“RC”) drill holes from the 2016 Exploration Phase I Drill Program (the “Program”) at the Castle Mountain gold project (the “Project”) located in San Bernardino County, California. The holes tested the East Ridge target, located 100-300 metres east of the historic Oro Belle open pit and the main Oro Belle Trend (“OBT”). Ten holes tested the extent of gold mineralization over a strike length of 300 metresfrom section 12600N to 12900N along the eastern margin of the known mineral resource. All holes were angled to the northwest to test sparsely drilled regions with the 2015 resource block model and also to assess nearsurface expressions of gold mineralization. All holes returned encouraging intercepts within the pit model and up to 200 metres below modeled pit limits, and collectively define a broad northeast-southwest trending corridor parallel to the main structural trends which control mineralization at Castle Mountain. The East Ridge target is open to the north, south, east, and at depth. | |
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