Seems some were waiting on the news to unload. Quite a few buyers too down to .05... not sure why tho... the news is NOT exciting.
New Carolin drills 11.14 m of 1.15 g/t Au at Ladner
2020-01-23 07:29 MT - News Release
Mr. Kenneth Holmes reports
NEW CAROLIN GOLD CORP ANNOUNCES INITIAL RESULTS FROM 2019 DRILLING
New Carolin Gold Corp. has released the results of the first hole from the company's 2019 underground drilling program on its 100-per-cent-owned Ladner gold project.
Hole From To Length Au (g/t) 19NC01 141.75 151.79 10.04 1.43 including 148.42 149.8 1.38 2.87 19NC01 220.27 231.41 11.14 1.51 including 229.68 230.57 0.89 2.69 19NC01 240.65 244.18 3.53 3.14 including 241.74 242.94 1.2 5.71
Hole NC1901 was a 25-metre stepout from hole 11100-96-1 that encountered 10.54 m of 3.4 grams per tonne gold including 4.7 m of 5.5 g/t. The mineralized zones in hole 19NC01 are coincident with hole 11100-96-1 and confirm the presence of the gold-bearing zones discussed in the Oct. 19, 2018, news release. Results are pending for hole 19NC02, which is a 50 m stepout from hole 19NC01 and 100 m stepout from hole 11100-96-1. Hole NC1902 was drilled to test the extensions of mineralization encountered in hole 19NC01 and 11100-96-1.
Geological interpretations from core logging support the current vein models. Structural and lithological examination of the core indicates a continuation of mineralization along the northwest-trending hinge zone as well as the ultramafic contact zone. Based on these current vein models, the true widths of the mineralized intervals represent approximately 70 per cent to 90 per cent of the downhole interval lengths.
Continued structural and surface studies will enhance geological knowledge to use as a predictive tool for discovering ore extensions, new mineralized zones and regional continuity.
All disclosure of scientific or technical information made herein is based upon information prepared by or under the supervision of Trevor Rabb, PGeo (B.C.), a qualified person as defined by National Instrument 43-101. Mr. Rabb has reviewed and approved the scientific or technical content of this news release as it relates to the Carolin mine and Ladner gold project. NQ-sized drill core were logged, photographed and sampled. Core samples consist of half sawn core cut using a diamond saw. Samples were submitted to Activation Laboratories Ltd. (Actlabs) in Kamloops, B.C. Actlabs is an ISO 17025 accredited lab. Sampling procedures involve quality assurance and quality control procedures. QA/QC procedures consist of the insertion of blanks, standards and duplicates that represent approximately 10 per cent of the samples submitted for analysis.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of its 100-per-cent-owned property consisting of 144 square kilometres of contiguous mineral claims and crown grants, collectively known as the Ladner gold project. The project is located near Hope, B.C., in the prospective and underexplored Coquihalla gold belt, which is host to several historic small gold producers including the Carolin mine, Emancipation mine and Pipestem mine, and numerous gold prospects.
We seek Safe Harbor.