Duncastle Starts Fall Drill Program at Historic Yankee-Dundee Mine
11 September 2009 - 2:45AM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) reported
today that it has mobilized a diamond drill rig and field crew to
its flagship Yankee-Dundee property located three kilometres
northeast of Ymir, in southeastern British Columbia.
Duncastle said it plans to drill up to 1,640m in a second phase
program to follow-up on the successful five-hole program drilled in
July and August 2009 that identified high-grade extensions of the
historic Yankee Girl mine. Results are pending for two holes that
tested the Goodenough vein system, located on a separate
mineralized structure about three kilometres north of the
Yankee-Dundee mine.
As reported August 26, 2009, three holes successfully targeted
precious-metal enriched lenses ('shoots') to the west of the Yankee
Girl mine identified by three dimensional modelling of historical
data compiled with results from Duncastle's two years of work on
the property. Drill hole YD09-39 successfully tested the east
margin of the Yukon shoot and extended the known mineralized zone
at the "800" level to 90 metres in strike-length (not completely
delineated) with 2.8 metres grading 5.2g/t Au, 122.3g/t Ag, 4.5% Pb
and 13.8% Zn contained within a 17.2 metre interval grading 1.2g/t
Au, 21.9g/t Ag and 2.4% Zn. Results from 2007 and 2008 drill
programs indicate that the Yukon shoot (thickest and most
continuous portion of the vein) persists to a depth of some 280
metres and contains higher grade intervals up to 14.14g/t Au,
281g/t Ag, 11.13% Pb and 12.58% Zn over an estimated true thickness
of 3.23 metres within the core of the shoot. The Yukon shoot is
open at depth and to the east and west.
The July/August program was also successful in identifying the
400 shoot, a previously un-drilled extension of the Yankee Girl
structure 65 metres to the west of the Yukon shoot, which returned
from hole YD09-40 a broad mineralized zone in the Yankee Girl
structure extending down hole from 197 metres to 210 metres
comprised of an upper gold-enriched 1.1 metre interval grading
12.9g/t Au and 13.1g/t Ag and a silver and base-metal-enriched
lower interval grading 63.8g/t Ag and 4.1% Zn over 1.1 metres. The
hole also identified in a hanging wall vein to the main Yankee Girl
structure 0.9 metres grading 12.2g/t Au, 71.6g/t Ag, 2.8% Pb and
3.1% Zn contained within a 3.2 metre interval, grading 4.2g/t Au,
21.9g/t Ag, 0.9% Pb and 1.1% Zn. Continuity of the Yankee Girl
structure has now been demonstrated for over 240 metres to the west
of the historical mine workings. All intervals are reported as
estimated true thickness.
Additional results including a long section of the Yankee Girl
structure and sections of drill holes YD09-39 and YD09-40 are
available, for download from the company's website at
http://www.duncastlegoldcorp.com.
The six-hole late summer program will further test the Yukon
shoot and will also target a potential new mineralized zone located
between the 400 and Yukon shoots, as well as targeting the 790
shoot to the west of both the Yankee Girl mine and the 400 shoot.
Additional holes are planned for the McDowell shoot, at the east
end of the historic Yankee Girl mine, and for the former Goodenough
Mine, located about 3km north of the Yankee-Dundee mine.
Once completed, Duncastle will have drilled over 7,700m in 48
holes since its acquisition of the property in 2007 at an aggregate
cost of over $2.6 million. Duncastle has been systematically adding
value to the historic project by targeting extensions of the past
producing Yankee Girl, Dundee (together Yankee-Dundee) and
Goodenough mines.
Upcoming Exploration Plans
Duncastle continues to follow through on recommendations from
the 2008 Summary Report on Exploration reported earlier this year
which contains numerous targets identified during 3D modelling of
historic mine records combined with Duncastle's recent results. As
well as surface drilling now underway, the report recommends up to
2,300 metres of drilling on numerous targets from underground via
the Wildhorse Adit, a 1,417 metre exploration adit built during the
period 1928 to 1954 that intersects the Bonus vein and meets the
Yankee Girl vein 110 metres below the old mine workings. The adit
was inspected by Duncastle personnel in 2006 and appears to be in
excellent shape structurally. Rehabilitation work consisting of
minimal timber and drainage work is planned for spring 2010.
Underground drilling below the known mineralized zones is planned
along with drilling to expand the Bonus vein, a vein parallel to
the Yankee Girl vein.
Additional drilling from surface is also planned for 2010.
About Duncastle Gold
Duncastle Gold Corp. is a mineral exploration company based in
British Columbia, Canada with projects in both central and
southeastern BC. The Yankee-Dundee project comprises 26 crown
grants under a 100% option agreement and 95 tenured mineral claims
totaling approximately 5,987 hectares in the Nelson Mining
District, located three kilometres northeast of the town of Ymir in
southeastern British Columbia. Gold mineralization was first
reported near Ymir in the late 1800s, with much of the mining
taking place at the Yankee Girl, Dundee and Ymir mines during the
period 1907 to 1951. Historical records indicate that a total of
375,000 tonnes grading 9.9g/t Au and 57g/t Ag were mined from the
Yankee Girl vein during this time. Exploration by the company is
targeting high-grade Au-quartz veins throughout the Ymir district
which historically, together with the adjacent Sheep Creek district
is reported to have produced more than one million ounces of
gold(1). The Ymir camp was the largest silver producer in the
British Commonwealth in the 1930s (BC MEMPR Bulliten 109, 2001). In
central B.C. the company has the 8,641 hectare Porphyry Creek
property in the Rocher Deboule Mountains near Smithers, with a
porphyry or IOCG copper-gold target. Duncastle Gold Corp is a Manex
Resource Group company.
Rob Macdonald, (P.Geo.), is the Qualified Person responsible for
reviewing the technical results in this release.
On behalf of the Board of Directors,
Lawrence Page, Q.C., President, Director, Duncastle Gold
Corp.
(1) Production data was obtained from historical government
records and has not been independently verified by the current
operators of the project.
This News Release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements. Duncastle Gold Corp. relies upon
litigation protection for forward looking statements.
Neither 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
accuracy of this release.
Contacts: Duncastle Gold Corp. Jay Oness 1.888.456.1112 or
604.641.2771 corpdev@mnxltd.com www.duncastlegoldcorp.com
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