Newcastle Begins Drilling on Carscallen Property, West Timmins
11 January 2011 - 11:29PM
Marketwired
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
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: Newcastle Minerals Ltd. Michael Romanik President
Direct line: (204) 724-0613 info@newcastleminerals.com
www.newcastleminerals.com
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