Monday, March 13, 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 September 22, 2016 the company released News "NewCastle Gold Ltd. (TSX-V: NCA) ("NewCastle" or the "Company") is pleased to report additional assay results from seven reverse circulation ("RC") drill holes from the Company’s ongoing 22,000 metre Phase I drill campaign at the Castle Mountain oxide gold project (the "Project") located in San Bernardino County, California. The drill program (the "Program") continues to target the strike and depth extensions to the main mineral resource along the Oro Belle Trend ("OBT"). The OBT is one kilometre wide by two kilometres long and remains open to the northeast and at depth (Sections 11400N to 13500N).Oro Belle South - BC Target
Assay highlights have been received for seven additional RC holes located 150 metres north and 150 metres south of the previously released, northwest-southeast oriented, 11550N core cross-section across the BC Target (see press release dated September 6, 2016). New results from Oro Belle South include:
  • 3.70 grams per tonne gold ("g/t Au") over 50.3 metres, in hole CMM-087
    • including 17.59 g/t Au over 9.1 metres
  • 1.54 g/t Au over 37.8 metres, in hole CMM-098
    • including 2.72 g/t Au over 18.9 metres, and
    • including 15.41 g/t Au over 2.1 metres
  • 1.01 g/t Au over 54.9 metres, in hole CMM-088
    • including 6.43 g/t Au over 3.0 metres
  • 0.74 g/t Au over 48.8 metres and 0.37 g/t Au over 56.4 metres, in hole CMM-097
  • 0.43 g/t Au over 45.7 metres, in hole CMM-099 (within JSLA pit back-fill)