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Newcastle Gold Ltd.
Summary
| Project: | Castle Mountain | |
|---|---|---|
| Deposit: | South Domes | |
| Location: | United States | |
| Commodities: | Gold | |
| Date: | 2/6/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2017: Newcastle Gold Ltd. announces an Exploration/Drilling Update report for its South Domes deposit at the Castle Mountain project. Drilling results incl. 192.0m @ 0.81g/t Au from 195.1m. NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company | |
| 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: | NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report assay results from new drilling on the South Domes area (“South Domes”) at the Castle Mountain gold project (the “Project”) located in San Bernardino County, California. These results are part of an ongoing 40,000 metre Phase II definition and exploration drill program (“the Program”) that commenced November 1, 2016. To date, eleven (11) drill holes have been completed on South Domes to follow up on the encouraging values returned in core hole CMM-079 (1.09 grams per tonne gold (“g/t Au”) over 213.7 metres - see press release dated August 16, 2016) and core hole CMM-111 (1.73 g/t Au over 135.9 metres – see press release dated October 4, 2016) on cross-section 10600N. New drilling is focused around the quartzfeldspar porphyry body and associated mineralized hydrothermal breccias identified on this section during the 2016 Phase I drill campaign. The South Domes target remains open along strike to the north and south and at depth. Gerald Panneton, President and CEO commented: “I am very encouraged with the ongoing exploration success at South Domes, which already contained in-pit resources of 1.3 million ounces within the 4.2 million ounce measured and indicated resource (2015 43-101). New drilling continues to confirm the highgrade nature (+ 1.0 g/t Au) of the gold mineralization and its association with previously unrecognized breccia and intrusive bodies. We will continue to extend this exciting target with additional drilling on trend to the south and north as the mineralization is open in all directions.” The current drill program is approximately one third complete with 13,000 metres of core and RC drilling as of January 31, 2017. | |
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