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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | South Domes | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 5/30/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-5-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its South Domes deposit at the Castle Mountain project. Drilling results incl. 102.7m @ 2.76g/t Au from 344.4m. Toronto, Ontario, May 30, 2017 − NewCastle Gold Ltd. (NCA:TS | |
| 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, May 30, 2017 − NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report assay results from four additional drill holes on the South Domes target at the Castle Mountain gold project (the “Project”) located in San Bernardino County, California. The South Domes target area is the focus of expansion drilling on the existing mineral resource as of December 2015, 43-101 reporting. Since November 1, 2016, the Company has drilled 25 reverse circulation and core holes totaling 9,200 metres at South Domes. This is the second release from the South Domes area; another 11 holes have been completed and are awaiting assay results. Gerald Panneton, President and CEO, commented: “These new results at South Domes continue to demonstrate the very good potential that exists to further expand our mineral resources. I am pleased with our ability to extend the known mineralization, and also encouraged by the presence of high-grade gold values akin to the main Oro Belle Trend where vertical high-grade structures have been intersected many times in our definition drilling program. South Domes continues to be a very important exploration target for the Company.” | |
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