Duncastle Clarifies Engineering Summary Report at Yankee-Dundee
04 August 2010 - 6:08AM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) (the
"Company") today provided clarification on the engineering summary
report on its historic Yankee-Dundee mine project, located three
kilometres northeast of Ymir and 50 kilometres from Trail, in
southeastern British Columbia.
The report, summarized in a press release on August 3, 2010,
outlines on a conceptual basis resource benchmarks and timing
estimates for potential development scenarios. The Company notes
that the report is not based on a current NI 43-101 compliant
resource estimate and there is no certainty any of the proposed
operations would be economically viable at this time.
Surface drilling is recommended to support a NI 43-101 compliant
resource estimate which may be used as the basis for a more in
depth economic study of project viability.
On behalf of the Board of Directors,
Michael Rowley, President, Director, Duncastle Gold Corp.
For further information, please visit the company's website at
duncastlegoldcorp.com.
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. These statements are based on a
number of assumptions, including, but not limited to, assumptions
regarding general economic conditions, interest rates, commodity
markets, regulatory and governmental approvals for the company's
projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause
actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory
approvals, and continued availability of capital and financing and
general economic, market or business conditions. Duncastle Gold
Corp. does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by
applicable law.
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
duncastlegoldcorp.com
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