Duncastle Completes Airborne Survey at Porphyry Creek
27 July 2010 - 2:06AM
Marketwired
Duncastle Gold Corp. (the "Company") (TSX VENTURE: DUN)(FRANKFURT:
5D3) reported today that Fugro Airborne Surveys Corp. has completed
work on the airborne geophysical survey on its Porphyry Creek
project located 20 kilometers northwest of Smithers, in northwest
British Columbia.
Preliminary data from the +500 line-km survey has identified at
least three significant target areas showing a strong correlation
between the electromagnetic, magnetic and radiometric components of
the survey and historic and current geological results. Of
particular interest is the Sultana prospect where strong EM
conductors are associated with historic trench (up to 7.5g/t Au,
2,057g/t Ag and 0.5% Cu over 2.7 meters) and drill results (up to
1.03g/t Au, 638g/t Ag, and 9.06% Cu over 0.6 meters), and circa
1969-70 sampling of altered intrusive by Utah Mines Ltd. which
identified a broad 500m x 500m Cu-Mo surface anomaly on the
property. Data from the survey is now being processed and
interpreted into a final report. Historical results have been
compiled from government databases and predate NI 43-101. Duncastle
has not independently verified past exploration results.
President Michael Rowley commented: "We are pleased that the
airborne survey on the Porphyry Creek project has provided rapid
verification and development of targets, even in the preliminary
data. The project continues to advance nicely within the framework
of a porphyry deposit model that is appropriate to the host rocks
and neighbouring mines and deposits. We look forward to building on
the historic results at Sultana and other prospects in the coming
months."
A ground based geological reconnaissance program, similar to and
expanding upon work done by the Company in 2008, will commence in
August and focus on verification of the newly identified
geophysical anomalies and target definition in preparation for an
anticipated fall 2010 drilling program.
The Porphyry Creek project covers over 115 sq km of mineral
claims with historic workings and numerous high-grade gold, silver
and polymetallic showings around a distinct 10 kilometer long
magnetic high with coincident copper, lead and zinc geochemical
anomalies shown in government data. Data compilation and modeling
by the Company has demonstrated mineral zonation on the property
consistent with porphyry style deposits. There are over 20 porphyry
discoveries within a 350km radius of the project, including Berg,
Bell, Huckleberry, Mt Milligan, and Galore Creek among others, plus
other deposit types (eg Eskay Creek).
Duncastle Gold Corp. is a Vancouver based gold exploration
company with mineral claims covering or surrounding past producing
mines in two historic BC districts. In Southeast BC Duncastle holds
a claim block with a focus on the high-grade gold-silver-lead-zinc
veins at the former Yankee-Dundee mine, 50 km from the smelter at
Trail, BC. In Northwest BC the Company's project covers a 10 km
long magnetic anomaly, previous workings, and high-grade precious
metal veins on its Porphyry Creek claims. Duncastle has assembled
contiguous claim blocks totaling more than 170 sq km in these two
productive regions.
As part of the Manex Resource Group, Duncastle benefits from
shared expertise in corporate finance, public company
administration, investor relations, and the technical and
geological services provided for the eight public companies active
in North America. Since its formation in 1997, the Manex Group
companies have raised over C$250 million in exploration
financing.
Robert Macdonald (P.Geo) is the Qualified Person as defined by
National Instrument 43-101 for the Porphyry Creek project and has
reviewed and approved the technical contents of this release.
On behalf of the Board of Directors,
Michael Rowley, President, Director, Duncastle Gold Corp.
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. Michael Rowley 1.888.456.1112 or
604.641.2742 mrowley@mnxltd.com Duncastle Gold Corp. Liana
Shahinian 1.888.456.1112 or 604.641.2773 liana@mnxltd.com
www.duncastlegoldcorp.com
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