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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | Oro Belle | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 6/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-6-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its Oro Belle deposit at the Castle Mountain project. Drilling results incl. 103.6m @ 2.77g/t Au from 239.3m. Toronto, Ontario, June 6, 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, June 6, 2017 − NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report the latest assay results on the southern portion of the main Oro Belle Trend (“OBT”) within the region of the historic JSLA pit at the Castle Mountain gold project (the “Project”) in San Bernardino County, California. The results from CMM-161 are very encouraging, returning 2.77 grams per tonne gold (“g/t Au”) over a large interval of 103.6 metres including 16.47 g/t Au over 15.2 metres, below the modeled pit bottom and approximately 100 metres up-dip from CMM-031Ext (1.63 g/t Au over 27.1 metres, including 9.50 g/t Au over 3.0 metresin the September 6, 2016 press release). The OB-2 and OB-3 Zones, and the intervening corridor which hosts the bulk of felsic intrusive activity and brecciation, remains open along strike to the north and south, as well as at depth. Gerald Panneton, President and CEO commented, “The Company’s definition drilling program continues to generate high-grade mineralization intercepts outside the previously announced 2015 mineral resource. The current program has definitely achieved its objective to demonstrate that the deposit is still open in all directions and that the average grade of the resource could be significantly increased.” New assay results have been received from a total of 30 core and reverse circulation (“RC”) drill holes located south of the historic JSLA backfilled pit area (“JSLA South”). | |
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