Newcastle Chester Property Update
11 August 2011 - 10:15PM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to provide an
update on its 100% owned Chester Project located in northwestern
Ontario, Canada.
Newcastle completed a preliminary four-hole, 1,050-metre diamond
drilling program focusing on targets on the eastern portion of the
property in June 2011. While no significant gold assays were
returned, anomalous gold was encountered and was dominantly
associated with variable degrees of sulfide mineralization,
alteration and fracturing in intermediate intrusive (primarily
hornblende diorite) and occasionally intermediate-to-mafic
metavolcanic rocks. The alteration and fracturing encountered
during drilling may be associated with the "Ridout Deformation
Zone," which is an important structural element in the area
described in Trelawney Mining and Exploration Inc.'s N.I. 43-101
Technical Report on the Cote Lake Deposit. A prospecting and
sampling program will commence shortly on the Chester Project.
Also of note is the staking of 12 mineral claims (consisting of
7,680 acres)in June 2011 by Trelawney adjoining Newcastle's
15,480-acre Neville/Potier Project to the north. This places two of
Newcastle's projects in the middle of Trelawney's land holdings in
the Swayze belt.
Newcastle's President, Michael Romanik, said "We are encouraged
by Trelawney's staking to the north of our Neville/Potier Project,
validating our focus on the area. With Trelawney's recent takeover
bid for Augen Gold, Newcastle's three parcels totaling 17,000 acres
adjoining or surrounded by either Trelawney or Augen Gold
properties put us in a very strategic position."
An updated claim map of the region is available at
http://goo.gl/WzAS0.
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 6,898-hectare property located in the Swayze
greenstone belt of Ontario near Trelawney Mining and Exploration
Inc.'s Cote Lake deposit.
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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