TORONTO, ON --(Marketwired - November 29, 2016) - NewCastle Gold Ltd. (TSX VENTURE: NCA) ("NewCastle" or the "Company") is pleased to announce the appointment of Sergio Cattalani as Vice President, Exploration, effective December 1, 2016.
Mr. Cattalani is a geologist with 25 years' experience in precious metal exploration and development projects, project evaluation, and project generation. Most recently he was Vice President, Exploration for Osisko Mining Corp., leading the development of a new project portfolio in the US. Since Osisko's acquisition by Yamana and Agnico-Eagle, Mr. Cattalani has been acting on a consulting basis carrying out project evaluations to a variety of companies exploring for gold in North America. Prior to Osisko, he worked for Cominco Limited and Inco Limited, where he was part of their technical services group contributing to base and precious metal exploration projects world-wide.
President and CEO Gerald Panneton commented: "We are extremely pleased to have someone with Sergio's extensive experience in gold exploration and deposits evaluation join the NewCastle Gold team and direct our exploration effort on this large gold deposit at Castle Mountain."
With Mr. Cattalani's appointment, Ian Cunningham-Dunlop, previously Vice President, Exploration, has been promoted to Senior Vice President, Technical Services. Mr. Cunningham-Dunlop, P. Eng., has over 30 years' experience in supervising gold/base metal exploration and development programs in North/South America, Europe and Africa, and formerly held the positions of VP Exploration for True Gold and Fronteer Gold and COO for Pilot Gold. He joined NewCastle in April 2015 and has overseen the development of the updated geological model, current mineral resource, Phase I drilling, and initiated preliminary engineering and hydrology studies. The new geological model now supports the alignment of near-vertical intrusive quartz-feldspar porphyry bodies along major northeast-southwest structural corridors, with proximal hydrothermal breccias and associated disseminated gold mineralization.
The Company has recently staked 4,300 acres of new mining claims in support of this model, seven kilometres to the northeast in Nevada and along trend from the Castle Mountain property (refer to map).
Six drill rigs are currently in operation on the Castle Mountain project as part of a 40,000 metre drill program.