For thousands of other reports visit RSC's Mineral Intellingence Map
Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | JSLA pit | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-5-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its JSLA pit deposit at the Castle Mountain project. Drilling results incl. 62.9m @ 7.04g/t Au from 189.3m. Toronto, Ontario, May 16, 2017 − NewCastle Gold Ltd. (NCA:TSX) ( | |
| 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, May 16, 2017 − NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report the first large tranche of assay results, including additional high-grade intercepts, from the recently completed definition drill program on the southern portion of the main Oro Belle Trend (“OBT”) at the Castle Mountain gold project (the “Project”) in San Bernardino County, California. These results form part of the Phase II definition and exploration drill program (“the Program”) that ran from November 1, 2016 to March 31, 2017 and totaled 121 holes/44,500 metres of reverse circulation (“RC”) and diamond core drilling using seven drill rigs. Gerald Panneton, President and CEO commented, “We are very encouraged by the ongoing success that our exploration team is having in defining both high-grade gold mineralization and also new zones beyond the limits of the resource. The Program is also providing ample new targets to extend gold mineralization at depth and along strike to the north where hole CMM-235 has extended the mineralization. Additional follow-up drilling is underway with two drill rigs on multiple targets to extend these zones.” The Phase II definition and exploration drill program is now complete and a follow-up exploration drill program has started with the focus on the higher grade mineralization along the OB-2 sub-vertical structure, the FW Zone outside the current pit limit, and the South Domes area. Geological and structural mapping has been completed over the South Domes and Oro Belle South pit areas to further refine the key controls on gold mineralization. The interpretation of new geological cross-sections is ongoing. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report