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TSXV:DUN | TSX Venture | Common Stock |
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The Porphyry Creek project covers over 115 sq km of mineral claims with historic workings and numerous high-grade gold, silver and polymetallic showings around a distinct 10 kilometer long magnetic high. The project also covers coincident copper, lead and zinc geochemical anomalies shown in government data. Airborne surveys of this type are powerful tools for defining porphyry targets. The survey is expected to significantly focus the exploration effort for 2010 with the goal to identify priority areas for drilling.
A ground based geological reconnaissance program, similar to and expanding upon work done by the Company in 2008, will commence on completion of the airborne survey. Areas expected to be covered include the Sultana and Brunswick sites, as well as other targets that may be developed from the airborne survey.
Data compilation and modeling by the Company has demonstrated mineral zonation on the property consistent with porphyry style deposits. There are over 20 porphyry style discoveries within a 350km radius of the project, such as Berg, Bell, Huckleberry, Mt. Milligan, and Galore Creek, as well as other deposit types (e.g. Eskay Creek and Bravo Gold's Homestake Ridge project) along this prolific mineralized belt.
Duncastle Gold Corp. is a Vancouver based gold exploration company with mineral claims covering or surrounding past producing mines in two historic BC districts. At its other project, located in Southeast BC, Duncastle holds a claim block with a focus on the high-grade gold-silver-lead-zinc veins at the former Yankee-Dundee mine, 50 km from the smelter at Trail, BC. Duncastle has assembled contiguous claim blocks totaling more than 170 sq km in these two productive regions, targeted primarily for gold and copper.
As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and the technical and geological services provided for the eight public companies active in North America. Since its formation in 1997, the Manex Group companies have raised over C$250 million in exploration financing.
Robert Macdonald (P.Geo) is the Qualified Person as defined by National Instrument 43-101 for the Porphyry Creek project and has reviewed and approved the technical contents of this release.
On behalf of the Board of Directors,
Victor J E Jones, President, Director, Duncastle Gold Corp.
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: Duncastle Gold Corp. Liana Shahinian 1.888.456.1112 or 604.641.2773 liana@mnxltd.com www.duncastlegoldcorp.com
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