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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | JSLA pit | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its JSLA pit deposit at the Castle Mountain project. Drilling results incl. 89.9m @ 0.42g/t Au from 0m. NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pl | |
| 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: | NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report new assay results from ongoing drilling on the JSLA backfilled pit at the Castle Mountain gold project (the “Project”) located 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. The JSLA open pit, mined between 1991 and 1996, was subsequently backfilled with blasted ROM ‘waste’ material from the Jumbo and Oro Belle open pits, located to the north. As the historical cut-off grade for mining was 0.50 g/t Au, the backfill in the JSLA pit contains waste material (sub 0.50 g/t Au) that the Company needs to remove in its initial pre-stripping activity when restarting the operation in 2018. A total of 60 RC drill holes were completed, drilling through the JSLA backfilled pit, to target areas under the existing 2015 mineral resource on approximately 100-200 foot centers. Assaying of the upper portions of these RC holes that penetrated the JSLA pit backfill material was carried out and complements the 242 short vertical rotary drill holes that were completed by the Company in January-February 2016 (see press release by the Company dated April 3, 2017 and titled “Surface Drill Testing of the Backfill in JSLA Pit Indicates Great Potential for Quicker Restart of Operations Using Run of Mine”). Assessment of the JSLA backfill material and its viability for use in a potential Run-of-Mine program (“the ROM program”) is ongoing. | |
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