NewCastle Golds Recent In-fill Drilling Increases Mineral Resource Grade by 9% with 4.0 Moz in Measured and Indicated Categories at Castle Mountain
TORONTO, Sept. 11, 2017 (GLOBE NEWSWIRE) -- NewCastle Gold Ltd. (TSX:NCA) (NewCastle Gold or the Company) is pleased to report the results of an independent mineral resource estimate update by Mine Technical Services Ltd. (MTS) of Reno, Nevada, following the Companys successful in-fill drilling program on its Castle Mountain gold project (the Project), located in San Bernardino County, California.
The recent Phase II definition and exploration drill program that took place from November 1, 2016 through to April 30, 2017 and totaled 121 holes/44,500 metres of Reverse Circulation (RC) and diamond core drilling. The program using angled holes focused on improving the grade and proving our understanding of the deposit. The new mineral resource estimate will be supported by a NI 43-101 Technical Report that will be filed within 45 days under the Companys SEDAR profile at sedar.com.
Table 1 Castle Mountain 2017 Mineral Resource Estimate (by Category) |
| Measured | Indicated |
Cut-off Grade (g/t Au) | Mt | Grade (g/t Au) | Au Moz | Mt | Grade (g/t Au) | Au Moz |
0.14 | 172.1 | 0.542 | 3.0 | 75.3 | 0.528 | 1.3 |
0.20 | 135.0 | 0.643 | 2.8 | 57.2 | 0.640 | 1.2 |
0.50 | 46.8 | 1.245 | 1.9 | 19.7 | 1.251 | 0.8 |
1.20 | 12.1 | 2.688 | 1.0 | 5.5 | 2.547 | 0.5 |
| Measured |