DUN

Duncastle Gold Corp. (TSX VENTUER:DUN)(FRANKFURT:5D3) reported today that it has
commenced drilling on its Porphyry Creek project located 20 kilometers northwest
of Smithers, in northwest British Columbia.


Three holes totaling 1,200 metres are planned in Duncastle's first drill program
on the property. The holes target ground geochemical sampling and coincident
geophysical anomalies located in the area of the historic Sultana prospect. One
hole targets anomalous copper and molybdenum geochemical results reported
September 14, 2010 while a second cuts underneath the historic drill holes and
trenches and also under the anomalous copper and molybdenum in intrusive rock
identified in historic results.


Reconnaissance geology work is also planned, with a particular focus on
investigating and developing a "pipeline" of new targets identified in the
recent airborne geophysical results.


The Porphyry Creek project covers over 130 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 and Duncastle data. Data compilation
and modeling by Duncastle has demonstrated mineral zonation on the property
consistent with porphyry style deposits. There are over 20 porphyry discoveries
in the region, 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. Duncastle also holds the Yankee-Dundee mine in Southeast BC with a
focus on high-grade gold-silver-lead-zinc veins just 50 km from the smelter at
Trail, BC. Duncastle has assembled contiguous claim blocks totaling more than
190 sq km in 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.


Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the
technical results in this release.


On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.

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

(TSXV:DUN)
Historical Stock Chart
From Jun 2024 to Jul 2024

(TSXV:DUN)
Historical Stock Chart
From Jul 2023 to Jul 2024