Newcastle Begins Drilling on Carscallen Property, West Timmins
11 January 2011 - 10:29PM
Marketwired Canada
Newcastle Minerals Ltd. (TSX VENTURE:NCM) has commenced drilling on its
120-hectare Carscallen project near Timmins, Ontario. Cartwright Drilling Inc.
has been engaged to carry out the 3,000-metre drill program.
Upon review and interpretation of all the data accumulated by Newcastle, a
significant through-going structure - the Bristol Fault Zone - indicated by
ground magnetics was identified. This structure is believed to be highly
prospective to host gold mineralization. Drilling in 2010 by Newcastle's former
partner, SGX Resources Inc., did not test the Bristol Fault Zone, but
successfully identified a parallel, strongly anomalous gold-bearing zone in
drill holes NC-10-07 and NC-10-01 approximately 300 metres north of the
interpreted Bristol Fault Zone.
Newcastle's 2011 exploration program will follow up on the recently discovered
gold bearing trend, drill a series of 250-metre holes to test the numerous
targets along the Bristol Fault Zone, and target untested IP anomalies defined
in the previous exploration.
Newcastle's President, Michael Romanik, said "Newcastle's geologists reviewed
the drill hole data provided by SGX Resources Inc. and have defined new target
areas for drilling. We look forward to advancing the Carscallen project and
testing these new areas of interest."
The technical information herein was prepared under the supervision of Mr. Garry
Clark, P. Geo., of Clark Exploration Consulting Ltd., who acts as Newcastle's
Qualified Person, as defined by National Instrument 43-101, for the Carscallen
project.
Newcastle Minerals Ltd. is a Canadian gold and base metal exploration company
trading on the TSX Venture Exchange (TSX VENTURE:NCM). The company is advancing
its three key properties: its 120-hectare Carscallen Property in the West
Timmins area of Ontario, its 11,100-hectare Pickle Lake Property in northwestern
Ontario and its 6,600-hectare property located in the Swayze greenstone belt of
Ontario near Trelawney Mining and Exploration Inc.'s Chester Project.
ON BEHALF OF THE BOARD
Michael Romanik, President
Goldon Resources Ltd. (TSXV:NCM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Goldon Resources Ltd. (TSXV:NCM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Goldon Resources Ltd. (TSX Venture Exchange): 0 recent articles
More Newcastle Minerals Ltd. News Articles