(via Thenewswire.ca)
June 6, 2016 / TheNewswire / New Carolin Gold Corp. (the “Company” or “New Carolin”) (TSXV: LAD) OTCBB: LADFF: The Company is pleased to announce that the first
stage of its 2016 exploration program at the Ladner Gold Project is underway. Key points are:
Underground surveying commenced June 1 and is being carried out by Ontario based Clickmox
Solutions. Completed survey data are anticipated by June 15, 2016 after which the company will commence underground mapping
and sampling. Drilling will commence after receipt of assay results and updating of the 3D models.
“We are back underway with a capable exploration team on the ground at Carolin and look forward to
executing scheduled exploration programs”, said Bob Thast, New Carolin Gold CEO. “The last exploration program underground at the
Carolin was a drill program completed between 1994 -1996 by Athabaska Minerals who planned to take the mine back in production, but
falling gold prices prevented them from executing the plan. The Company commissioned a 3D geological model in late 2014 utilizing
all available data from the combined $3.5M Athabaska drill program and historical drill data that led to the development of the
Carolin Mine. With the collective historical drill data and critical new data from underground surveys, mapping and sampling, the
Company will be able to complete the 3D geological models, which will not only assist in constraining the existing Carolin
resource, but serve as an effective guide for the upcoming drill program and for future exploration programs”.
Mr. R. Bob Singh, P.Geo, Exploration Manager, is the qualified person responsible for the technical
content of this news release.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based brown fields development company focused on the exploration,
evaluation and development of our 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown
grants, collectively known as the “Ladner Gold Project” (Project). The Project and property are located 2 hours from Vancouver near
Hope, British Columbia in the prospective and under-explored Coquihalla Gold Belt. The property hosts several historic gold
producers including the Carolin Mine, Emancipation Mine, Arum Mine, Ward Mine, and Pipestem Mine, in addition to numerous artisan
workings and gold prospects that typically exploit high grade visible gold mineralization.
For additional information, please visit the Company’s website at www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Robert L. Thast"
President & Chief Executive Officer
Phone: 604.542.9458
Cell: 604.220.5031
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com
This news release does not constitute an offer to sell or a solicitation of an offer to
buy any of the securities in the United States. The securities have not been and will not be registered under the United States
Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within
the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release.
Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the
Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates.
These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control
or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking
statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by
law.
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