Newcastle Reports Drill Results on Its Carscallen Property
19 March 2011 - 7:28AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has received the results from its nine-hole, 2,000-metre
diamond drill program designed to further evaluate its 120 hectare
Carscallen Property located near Timmins, Ontario.
The drilling program targeted untested induced polarization (IP)
anomalies, the Bristol Fault and an interpreted splay to the
Bristol Fault. The drill holes did not exceed 300 metres, testing
the property at less than 200 metres below surface.
A single inclined (-45 degrees) diamond drill hole - NC-11-04 -
tested an IP anomaly with an associated high magnetic response
located in the north of the property. Drilling intersected a
graphite- and pyrite-bearing unit, explaining the IP anomaly. A 0.5
metre quartz vein located at 146 metres down the hole returned 279
ppb gold over 1.0 metres.
A series of five holes, totaling approximately 1,150 metres, was
drilled to define the general trend of the Bristol Fault for a
strike length of 800 metres. The trend of the fault has now been
determined, although no significant gold values were
encountered.
Two holes - NC-11-06 and NC-11-03 - were drilled in the area of
Holes NC-10-01 and NC-10-07. The 2010 holes intersected a
50-metre-wide subvertical zone of weak to moderate shearing with
values of up to 500 ppb gold over 0.60 metres. The drill hole under
this intercept reported an assay of 240 ppb gold over 2.0 metres
within a zone of weakly anomalous gold values.
The diamond drill program succeeded in evaluating specific
geological targets and providing valuable stratigraphic geology for
the property. Management will review the entire property data set
to determine the direction of the next program.
Clark Exploration Consulting completed the diamond drill
program, employing an industry-accepted QA/QC program of standard,
blanks and duplicates within the sampling stream of the drill core.
Accurassay Laboratories, an ISO/IEC Guideline 17025 accredited lab,
assayed the core.
The technical information herein was prepared under the
supervision of Mr. Garry Clark, P. Geo., who acts as Newcastle's
Qualified Person, as defined by National Instrument 43-101.
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 - including the Mollie River
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
(204) 724-0613 info@newcastleminerals.com
www.newcastleminerals.com
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