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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | Oro Belle Trend | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-9-2016: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its Oro Belle Trend deposit at the Castle Mountain project. Drilling results incl. 27.1m @ 1.63g/t Au from 313.6m. Vancouver, B.C., September 6, 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 6, 2016 – NewCastle Gold Ltd. (TSX-V: NCA) (“NewCastle” or the “Company”) is pleased to report additional assay results from the Company’s ongoing 22,000 metre Phase I drill campaign at the Castle Mountain Gold Project (the “Project”) located in San Bernardino County, California. The drill program (the “Program”), which started in mid-June 2016, has now shifted focus to the Oro Belle Trend (“OBT”) which hosts the main mineral resource and is underpinned by the pastproducing Oro Belle, Jumbo and JSLA open pits. The Oro Belle Trend is 1 kilometre wide and at least 2 kilometres long as it is still open to the northeast (Section 11500N to 13500N). President and CEO, Gerald Panneton commented: “Extending hole CMM-031 proved to be very positive as we extended gold mineralization some 200 metres below the currently modeled 2015 pit bottom. We also continued to return gold intercepts at better than resource grade, such as in hole CMM-095.” Gold mineralization encountered in the five core holes on Section 11550N through the BC Target supports the geological model of the alignment of near-vertical intrusive quart-feldspar porphyry bodies along major northeast-southwest structural corridors, with proximal hydrothermal breccias and associated disseminated gold mineralization. Hole CMM-031Ext traced the development of these breccias into the underlying basement Precambrian metamorphic rocks, 2000 feet (600 metres) below surface, with anomalous gold values. | |
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