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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | Oro Belle South | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-9-2016: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its Oro Belle South deposit at the Castle Mountain project. Drilling results incl. 50.3m @ 3.70g/t Au from 342.9m. Vancouver, B.C., September 22, 2016 – NewCastle Gold Ltd. | |
| 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: | Vancouver, B.C., September 22, 2016 – NewCastle Gold Ltd. (TSX-V: NCA) (“NewCastle” or the “Company”) is pleased to report additional assay results from seven reverse circulation (“RC”) drill holes from the Company’s ongoing 22,000 metre Phase I drill campaign at the Castle Mountain oxide gold project (the “Project”) located in San Bernardino County, California. The drill program (the “Program”) continues to target the strike and depth extensions to the main mineral resource along the Oro Belle Trend (“OBT”). The OBT is one kilometre wide by two kilometres long and remains open to the northeast and at depth (Sections 11400N to 13500N). Assay highlights have been received for seven additional RC holes located 150 metres north and 150 metres south of the previously released, northwest-southeast oriented, 11550N core cross-section across the BC Target (see press release dated September 6, 2016). President and CEO Gerald Panneton commented “Another round of very good drill results is indicating that the geological model developed by our technical team has been highly successful. The presence of high-grade gold mineralization 100 metres below the currently modeled pit will have a positive impact in the follow-up drill program planned for our pre-feasibility study, which will focus on the southern part of the OBT. The current program is indicative of the excellent potential to improve the grade and continuity, and also to increase the resource potential near the current pit limits for future planning.” | |
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