Newcastle drills 94.5 m of 1.25 g/t Au at Castle Mtn Newcastle drills 94.5 m of 1.25 g/t Au at Castle Mtn
2017-02-06 14:11 PT - News Release
Mr. Gerald Panneton reports
NEWCASTLE GOLD INTERSECTS 1.25 G/T GOLD OVER 94.5 METRES IN SOUTH DOMES AREA AT CASTLE MOUNTAIN
Newcastle Gold Ltd. has released assay results from new drilling on the South Domes area at the Castle Mountain gold project located in San Bernardino county, Calif. 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 quartz-feldspar 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.
Assay highlights from the first four (4) reverse circulation ("RC") drill holes on cross-sections 10600N, 10570N and 10540N across the southern portion of the South Domes target area include:
- Section 10600N 1.07 g/t Au over 67.1 metres, in hole CMM-132 - including 2.91 g/t Au over 12.2 metres
- Section 10570N 1.25 g/t Au over 94.5 metres, in hole CMM-128 - including 3.37 g/t Au over 15.2 metres
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 high-grade 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.
Table 1: Summary of Significant 2017 Core Hole Intercepts at South Domes Hole_ID Section From (metres) To (metres Interval (metres) Au (g/t) CMM-117 10540N 74.7 164.6 89.9 0.36 including 82.3 93.0 10.7 0.89 CMM-123 10570N 97.5 100.6 3.0 0.86 and 115.8 120.4 4.6 0.32 and 141.7 146.3 4.6 0.23 CMM-128 10570N 149.4 158.5 9.1 0.45 and 195.1 387.1 192.0 0.81 including 285.0 379.5 94.5 1.25 including 285.0 300.2 15.2 3.37 including 285.0 288.0 3.0 10.48 and 402.3 405.4 3.0 0.44 and 443.5 454.2 10.7 0.48 and 461.8 478.5 16.8 0.46 CMM-132 10600N 47.2 53.3 6.1 0.31 and 146.3 172.2 25.9 0.89 including 150.9 155.4 4.6 1.41 and including 166.1 170.7 4.6 2.96 and 216.4 432.8 216.4 0.61 including 219.5 286.5 67.1 1.07 including 254.5 262.1 7.6 1.95 and including 274.3 286.5 12.2 2.91 including 274.3 278.9 4.6 6.08 and 481.6 489.2 7.6 1.19 including 481.6 484.6 3.0 2.58
All new exploration holes were drilled at 290 degrees azimuth, with dips of -60 degrees and to an average depth of 335 to 500 metres. True widths of the intercepted intervals are estimated to be 70% to 90% of intersected widths based on the available geological information.
Reverse circulation drill samples from hole CMM-117/123/128 were submitted to ALS Minerals in Reno, Nevada for crushing until 70% of the sample is finer than a nominal two millimeters in size. A 250 gram ("g") sub-sample is taken from the crushed material and pulverized until 85% passes a 200 mesh (75 microm) screen (ALS Method PREP-31). A 30 g portion of pulverized material (pulp) is then sampled and subjected to fire assay ("FA") with atomic absorption ("AA") finish (ALS Method AuAA-23). Any gold assays greater than 10 g/t Au are re-analyzed where a 30 g portion is taken from the pulp and assayed by FA with a gravimetric finish (ALS Method Au 30g FA - GRAV). All samples that yield greater than 0.2 ppm assay are also analyzed for gold cyanide solubility (ALS Method AuAA-13).
Reverse circulation drill samples from hole CMM-132 were submitted to Inspectorate America Corporation in Sparks, Nevada for crushing until 70% of the sample is finer than a nominal two millimeters in size. A 250 gram ("g") sub-sample is taken from the crushed material and pulverized until 85% passes a 200 mesh (75 microm) screen (Method PRP70-250). A 30 g portion of pulverized material (pulp) is then sampled and subjected to fire assay ("FA") with atomic absorption ("AAS") finish (Method FA430). Any gold assays greater than 10 g/t Au are re-analyzed where a 30 g portion is taken from the pulp and assayed by FA with a gravimetric finish. All samples that yield greater than 0.2 ppm assay are also analyzed for gold cyanide solubility (Method CN403).
The Company employs an industry-standard QA/QC program consisting of standard pulps, coarse blanks and rig duplicates.
About NewCastle
NewCastle has a 100% interest in the Castle Mountain property in San Bernardino County, California. The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2004. The Mine and Reclamation Plan, under which the mine operated, was authorized by the County of San Bernardino as the Lead Agency and remains in effect. Water for the drill programs was accessed from existing patented wells on the Project.
Ian R. Cunningham-Dunlop, P. Eng., the Company's Senior Vice President Technical Services, is the designated Qualified Person for this news release within the meaning of NI 43-101. He has reviewed and verified that the technical information contained in this release is accurate and has approved of the written disclosure of the same.
We seek Safe Harbor.