Tuesday, April 11, 2017

NewCastle Gold Ltd. - NCA.t

NewCastle Gold Ltd. - NCA.t is advancing the flagship Castle Mountain Gold Project in San Bernardino California

An NI 43-101 Gold Resource suggests a measured resource of 0.48 million gold ounces, indicated resources of 3.71 million gold and inferred resources 0.76 million gold ounces.

On April 10, 2017 the company released News

NewCastle Gold Ltd. (NCA:TSX) (NewCastle Gold or the “Company”) is pleased to report material assay results from definition drilling of the JSLA pit on the southern portion of the Oro Belle Trend (“OBT”) at the Castle Mountain gold project (the “Project”), located in San Bernardino County, California. These results form part of the Phase II definition and exploration drill program (“the Program”) that commenced November 1, 2016.

Reverse circulation (“RC”) drill hole CMM-195 was planned to follow up on high-grade gold mineralization at the Lucky John Zone, initially discovered by the Company in 2014, which returned encouraging values in RC drill holes CMM-054 (30.31 grams per tonne gold (“g/t Au”) over 33.3 metres) and CMM-060 (18.97 g/t Au over 35.1 metres) (see press release dated January 19, 2015).

CMM-195 intersected 31.19 g/t Au over 29.0 metres while targeting the steeply dipping OB-2 fault structure (“OB-2”), approximately 65 metres down-dip from CMM-054 and approximately 150 metres north of CMM-060. The hole was successful in extending the Lucky John Zone high-grade mineralization to depth.