RE:RE:Time to accumulate under the radar@smithgee
Carolin Mine Model:
https://www.newcarolingold.com/s/ladner_gold.asp?ReportID=515089
"This exercise used all available property data to build a computerized block model of this zone, and reported on the exploration potential therein. This potential may be reported within a range of 5.0 to 5.6 million tonnes, grading between 4.2 to 4.8 gpt gold at a 2.5 gpt gold grade cutoff, or between 0.9 to 1.1 million tonnes grading between 8.0 to 9.0 gpt gold, at a 5.0 gpt gold grade cutoff.
This potential quantity and grade of mineralization is conceptual in nature and there has been insufficient exploration work done to define this potential as a mineral resource and it is uncertain if further exploration will result in this potential quantity and grade being realized, in whole or in part, as a mineral resource. The range of tonnage and grade noted above has been outlined using all available property mining and exploration data for the Carolin zone. This data was built into a geological model and extrapolated in a reasonable manner to provide an exploration target for the work here recommended.
The principal work requirement for advancing this property is a comprehensive program of strategic underground diamond drilling. This work is fundamental to confirming and quantifying the extent of gold mineralization within the Carolin zone, such that a comprehensive and updated geological block model can be constructed for on-going mineral resource calculations."
It is the Company's intention, subject to financing, to pursue the "principal work" recommended by the report with a view to confirming and increasing the known resources on the Project and to pursue aggressively the development of other known gold occurrences and the potential of the overall Project.
Cliff Pearson, P.Geo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this News Release.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of our strategic 144 square kilometers of contiguous mineral claims, collectively known as the Ladner Gold Project. The project is a short drive from Vancouver, British Columbia, in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
Read more at https://www.stockhouse.com/news/press-releases/2015/06/02/new-carolin-submits-revised-technical-report#pKSbSm0VRpzsxC0C.99