Vancouver, British Columbia--(Newsfile Corp. - April 15, 2021) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC PINK: DLRYF) ("Carlyle" or the "Company") is pleased to release its first batch of drill results from the Cecilia Project, Sonora Mexico. The program consisted of a total of seven (7) drill holes, out of which results have been received for five (5) holes so far as reported below. Anomalous gold mineralization was intersected in all five drill holes, with the best intercept being 24.2 m of 1.51 g/t Au starting from only 2.30 m downhole at the North Breccia Target (CED21-005). A further 8.9 m of 0.64 g/t Au was intersected near the end-of-hole starting from 40.35 m. Assays remain pending for another slightly deeper drill-hole at the North Breccia Target (see Figure 1). This first phase drill campaign included mostly shallow drill-holes, which successfully demonstrate a well-developed hydrothermal system near surface, with significant room to extend mineralization both laterally and to greater depths with subsequent drilling.
Riverside is the operator on the project as part of the option agreement with Carlyle Commodities (see press release July 15, 2020). Data and geological insights reported in this news release have been supplied to Carlyle by Riverside's field personnel. Riverside completed field work and geophysics in 2020 that helped refine targets in advance of this initial drill campaign, and the Company looks forward to additional assay results in the coming weeks and follow up drill plans will be determined once all results have been received and interpreted.
Carlyle's President and CEO, Morgan Good commented, "Carlyle is extremely encouraged by such positive results from our Phase 1 drill campaign at the Cecilia Project in Sonora, Mexico. Each hole intersected mineralization but specifically hole 5 into the North Breccia target with 24.2m of 1.51 g/t Au has gotten us excited. We are optimistic some of the remaining results which also tested the North Breccia target will prove successful and set the stage for a more robust Phase 2 drill campaign."