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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | JSLA pit | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 8/29/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its JSLA pit deposit at the Castle Mountain project. Drilling results incl. 10.36m @ 2.77g/t Au from 239.3m. Toronto, Ontario, August 29, 2017 − NewCastle Gold Ltd. (NCA:TS | |
| Resources: | (Resource): 17.4Mt @ 0.86g/t Au (Meas.), 202.5Mt @ 0.57g/t Au (Ind.) and 40.8Mt @ 0.58g/t Au (Inf.) | |
| CP/QP: | [Overall Report]: Ian R. Cunningham-Dunlop (Internal) | |
| ABSTRACT: | Toronto, Ontario, August 29, 2017 − NewCastle Gold Ltd. (NCA:TSX) (“NewCastle Gold” or the “Company”) is pleased to report further assay results from the southern part of the historic JSLA backfilled pit (“JSLA South”), at the Castle Mountain gold project (the “Project”) in San Bernardino County, California. New assay results from an additional 10 core and reverse circulation (“RC”) drill holes were received, targeting portions of the 2015 mineral resource classified as inferred or waste, and below the 2015 pit resources. The results are part of the Phase II definition and exploration drill program (“the Program”) that took place from November 1, 2016 through to April 30, 2017, totaling 121 holes/44,500 metres of RC and diamond core drilling. NewCastle Gold (an Augusta group company) has a 100% interest in the Castle Mountain property in San Bernardino County, California. The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2004. The Mine and Reclamation Plan, under which the mine operated, was authorized by the County of San Bernardino as the Lead Agency and remains in effect. Water for the drill programs was accessed from existing patented wells on the Project. | |
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