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TORONTO, ONTARIO--(Marketwire - March 21, 2013) - Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX:CGJ)(OTCQX:CGJCF) announces additional results from its 2012 drill program at its Farley Lake Mine Project, highlighted by drill hole FL12-17, which showed multiple high-grade intersections including 13 metres (m), from 325 to 338 m, grading 4.66 g/t Au (grams per tonne of gold). Exploration and drilling work at Farley Lake was completed in December 2012. An initial NI 43-101 compliant resource estimate is expected in Q2 2013.
Bruce Reid, President and CEO of Carlisle commented, "Farley Lake remains a priority at Carlisle. We are encouraged by these drill results, which also include a high-grade intersection in hole FL12-19 which showed 12 metres from 194 to 206 m, grading 21.65 g/t Au. Our technical team now has a better understanding of how the deposit sits in the ground after extensive in-field work and in-depth data analysis of current and historical information. Currently, our drilling program focus at Farley Lake is over an 800 metre strike length running east west within the area of the highlighted historical open pits. In addition we believe there is significant potential to the west and east of this focus area based on historical drilling and several generations of geophysical surveys."