News Release - May 22, 2012 News Release - May 22, 2012
New Carolin Gold Announces Commencement of Airborne Geophysical Survey over the Ladner Gold Property
New Carolin Gold Corp. (TSX - V: LAD) is pleased to announce that an airborne geophysical survey has commenced on the southern part of its Ladner Gold Project located in southwestern British Columbia. This survey will collect high resolution magnetic and radiometric data covering the southern part of the Coquihalla Gold Belt.
The northern part of the Coquihalla Gold Belt was flown in September 2011 by Precision GeoSurveys Inc. of Vancouver, British Columbia and the results were reported in a press release on January 19, 2012. The results of this airborne geophysical survey indicated a major magnetic linear structure that can be traced for over 18 km within the Company's claims. The known gold prospects all occur along this magnetic trend. The linear structure is attributable to the presence of serpentinite, which is associated with gold mineralization. The survey on the southern part of the Coquihalla Gold Belt will also be flown by Precision GeoSurveys.
The purpose of this survey is to locate and map the following:
• Linear structures.
• Known and unknown gold-bearing structures and gold prospects.
• Areas of known and unknown alteration/silicification associated with gold mineralization.
• Ultramafic lithologies. The ultramafics (serpentinites) are associated with gold mineralization within the Carolin Mine, Emancipation Mine and McMaster Zone.
The Company is also pleased to announce that the report titled "NI 43-101 Mineral Resource Estimates on the Carolin Mine and McMaster Zone, Ladner Gold Project" authored by Clifford A. Pearson, P.Geo of Pearson Geological Services and W.A. Dzick, MBA, CPG of Snowden Mining Industry Consultants, which was referred to in a press release dated May 17, 2012, is available on www.sedar.com.
About New Carolin Gold Corp.
New Carolin Gold Corp. is a Canadian-based junior mineral exploration and mine development company engaged in the acquisition, exploration, evaluation and development of approximately 134 square kilometers of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southwestern British Columbia, Canada, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous other gold prospects.
For further company and technical information please visit the Company's website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo, Hon.FEC
President & Chief Executive Officer
Office 778 -- 294 - 3211
Email ceo@newcarolingold.com
Web site www.newcarolingold.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release. We seek Safe Harbor.
Not for distribution in the United States.
Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
Copyright © 05/22/2012 New Carolin Gold Corp. (LAD) All rights reserved. For more information visit our website at https://www.newcarolingold.com/ or send email to updates@newcarolingold.com.
This e-mail has been sent to you because you are subscribed to "Subscribe For Updates". If you are receiving this in error or if at any time you would like to remove yourself from our "Subscribe For Updates" email list, please type "Unsubscribe" in the subject and your email will be removed.