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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | Oro Belle | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 12/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-12-2016: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its Oro Belle deposit at the Castle Mountain project. Drilling results incl. 167.8m @ 0.49g/t Au from 80.8m. Toronto, Ontario, December 6, 2016 − NewCastle Gold Ltd. (NCA:T | |
| 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, December 6, 2016 − NewCastle Gold Ltd. (NCA:TSX-V) (NewCastle Gold or the “Company”) is pleased to report assay results from 11 additional core and reverse circulation (“RC”) drill holes from the Oro Belle Trend (“OBT”) at the Castle Mountain gold project (the “Project”) located in San Bernardino County, California. Seven holes tested the Oro Belle North Extension (“OBNEX”), immediately north of the former Oro Belle open pit, while four holes tested the area between the Oro Belle, Jumbo and JSLA open pits (the “Gap Zone”) in the central part of the OBT. Oro Belle North Extension Seven holes tested the extent of gold mineralization over a distance of 200 metres from the northern limit of the Oro Belle open pit, and included three core holes on cross-section 13000N, the fourth in a series of key geological crosssections over the property. All holes were angled to test mineral resources, and modeled steeply dipping structural corridors and potential depth extensions. Assay results defined broad zones of gold mineralization within the OB-1/OB- 2 structural corridor and extending to the northeast by another 200 metres. The Oro Belle Trend is open to the north and at depth. Four holes were drilled in the triangular area between the former Oro Belle, Jumbo and JSLA open pits to test areas currently classified as waste within the mineral resource estimate, and also to test the southwest extension of the East Ridge mineralizing system. | |
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