Newcastle Identifies Drill Targets on Chester Property
14 April 2011 - 9:30PM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has selected drill targets and is currently planning a
1,500-metre diamond drill campaign at its 100% owned Chester
Project located in northwestern Ontario, Canada.
The two-unit, 30-hectare claim lies approximately one kilometre
north of Trelawney Mining and Exploration Inc.'s Cote Lake deposit
and is surrounded by Augen Gold Corp. and Sanatana Diamonds Inc.'s
Watershed Project. Trelawney continues its successful exploration
in the Cote Lake area, recently announcing large intersections of
low-grade gold, including 1.18 grams per tonne gold over 285.80
metres, 1.26 grams per tonne gold over 275 metres and 1.65 grams
per tonne gold over 304 metres. Recent deep drilling by Augen Gold
has returned anomalous gold over short intervals.
A recently completed ground induced polarization survey combined
with a ground magnetic and electromagnetic survey last spring by
Newcastle assisted in identifying potential extensions of
mineralized structures trending from Trelawney's ground onto
Newcastle's Chester Project. Newcastle's drilling will focus on
these potential extensions, as well as test additional magnetic,
electromagnetic and I.P. anomalies identified in the two
surveys.
Ontario Geological Survey mapping from 1980 recorded both
felsic-intermediate metavolcanics with quartz veins/pods and
"migmatitic" (or intermediate-felsic intrusive) rocks listed as
massive hornblende diorite also with quartz veins. The possible
extension of the mineralized zone from Trelawney's property appears
to align itself with a coincidental Mag-VLF anomaly on Newcastle's
Chester property, which appears prospective.
Under management's direction, Mr. Garry Clark of Clark
Exploration Consulting Inc. has begun logistical planning for the
spring 2011 drill campaign and is currently negotiating to secure a
diamond drill.
Newcastle's President, Michael Romanik, said "Newcastle is very
encouraged by the results of the I.P. survey. Combined with the
previous geophysical surveys, Newcastle is planning a drill
campaign to assess the potential of extensions to mineralization
found on Trelawney's Cote Lake Property."
The technical information herein was prepared under the
supervision of Mr. Garry Clark, P. Geo., of Clark Exploration
Consulting Inc., 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 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
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