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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | South Domes | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/22/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-2-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its South Domes deposit at the Castle Mountain project. Drilling results incl. 275.8m @ 1.63g/t Au from 211.8m. Toronto, Ontario, February 22, 2017 − NewCastle Gold Ltd. (N | |
| 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, February 22, 2017 − NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report additional assay results from ongoing angled drilling on the South Domes target (“South Domes”) at the Castle Mountain gold project (the “Project”) located in San Bernardino County, California. This work is part of the 40,000 metre Phase II definition and exploration drill program (“the program”) that commenced November 1, 2016. Results are from 30-metre spaced cross-sections 10600N, 10570N and 10540N at South Domes to follow up on previously reported results. Assays from six (6) new drill holes support the advancement of this exciting target with the longest intercept reported to date by the Company in hole CMM-129. New drilling continues to push the extent of gold mineralization beyond currently modeled mineral resources and pit limits, with hole CMM-129 ending in mineralization 100 metres below the modeled pit shell. The South Domes target remains open along strike to the north and south and at depth. Gerald Panneton, President and CEO commented: “The South Domes area continues to demonstrate the open potential of this exciting target with gold mineralization well above average resource grade. Gold mineralization is being intersected both outside modeled pit limits and at depth. South Domes continues to be our prime exploration target as the deposit is open in all directions. We have added a core drill to the South Domes area to continue expanding the deposit.” | |
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