ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

DUN

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
TSXV:DUN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Duncastle Extends Mineralized Zone at Historic Yankee-Dundee Project

18/11/2009 8:01pm

Marketwired Canada


Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported drill results
today from a five hole, 1682 metre Phase II drill program at its flagship
Yankee-Dundee property located three kilometres northeast of Ymir, in
southeastern British Columbia. Drilling results have successfully increased the
size of higher-grade lenses of gold and silver-enriched polymetallic
mineralization located along the target horizon and have extended the
mineralized zone to the west, from the historic Yankee Girl workings
approximately 400 metres in strike-length.


Highlights of significant assays from this phase of work include:

- a 4.5 metre interval (est. true thickness) averaging 3.4g/t Au, 84.4g/t Ag,
1.6% Pb, and 2.6% Zn within a broader 6.5 metre interval averaging 2.6g/t Au,
61.5g/t Ag, 1.1% Pb, and 1.9% Zn from drill hole YD09-46, and


- a 2.5 metre interval averaging 6.0g/t Au, 38.1g/t Ag, 1.1% Pb and 4.3% Zn
within a 4.3 metre interval averaging 5.6g/t Au, 27.4g/t Ag, 0.8% Pb and 4.1% Zn
from drill hole YD09-45


The Company reported that drill holes YD09-46 and YD09-45, successfully tested a
100 metre drilling gap between the previously tested 400 and Yukon shoots and
have effectively combined the two lenses of thicker and higher-grade
mineralization into a single lens that has now been drill tested along a 180
metre strike-length and 280 metre dip extent. The now combined lens remains open
to the west towards the 790 target, to the east towards the Yankee Girl mine and
at depth along its full strike-length.


The Company also reported that drill hole YD09-44 returned a 1.3 metre interval
averaging 1.6g/t Au, 54.6g/t Ag, 0.4% Pb and 0.7% Zn within a broader 8.8 metre
zone averaging 0.6g/t Au, 19.3g/t Ag, 0.2% Pb, and 0.4% Zn. A hangingwall
intercept also returned 1.1g/t Au, 8.5g/t Ag, 0.4% Pb and 1.2% Zn over 5.8
metres. This hole, which tested the Yankee Girl structure approximately 400
metres to the west of the historic workings, is the farthest step-out that the
Company has drilled on the structure and continues to demonstrate the lateral
continuity of mineralization along strike, thereby opening the potential of the
western extension. All intervals are reported as estimated true thickness.


Hole YD09-47, which tested the east side of the Yukon shoot, returned three
mineralized intercepts including a 1.9 metre zone with 1.7g/t Au, 59.8g/t Ag,
1.3% Pb, 7.7% Zn including a 0.6 metre interval grading 1.2g/t Au, 142g/t Ag,
3.0%Pb and 22.5% Zn.


Hole YD09-48 tested the eastern margin of the Yankee Girl mine and returned 1.7
metres of 6.4g/t Au, 35.9g/t Ag, 1.2% Pb and 1.8% Zn. A second intercept
returned 0.3 metres of 21.0g/t Au, 232.0g/t Ag, 6.3% Pb, and 21.3% Zn within a
broader 1.9 metre zone of 3.3g/t Au, 33.8g/t Ag, 0.9% Pb, and 3.0% Zn.
Mineralization occurred in the immediate hangingwall and footwall of the
historic workings and highlights increased exploration potential along the
easterly projection of the Yankee Girl structure.


Drill hole YD09-43, which tested the Goodenough prospect, located 3 kilometres
to the north of the Yankee Girl mine, returned only weakly anomalous precious
and base metal values.


In total, the second phase drill work brought the 2009 exploration program to
over 2,830 metres drilled in eleven holes with a focus on the polymetallic
high-grade vein system of the Yankee Girl structure. To date, Duncastle has
drilled over 7,790 metres in 48 holes at the Ymir camp at a cost of
approximately $2.6 million since its acquisition of the property in 2007.




Table 1: Selected Assays from Phase II drilling on the Yankee-Dundee project

----------------------------------------------------------------------------
                                                   Est.
              Collar Data                         True
         ------------------                Inte- Thick-
            AZ   DIP  Depth   From     To  rval   ness    Au    Ag   Pb   Zn
Hole #     Deg   Deg     (m)    (m)    (m)   (m)    (m)  g/t   g/t    %    %
----------------------------------------------------------------------------
YD09-44  170.0 -65.0  196.3  153.0  161.0   8.0    5.8   1.1   8.5  0.4  1.2
                             179.0  191.2  12.2    8.8   0.6  19.3  0.2  0.4
  inc.                       188.7  190.5   1.8    1.3   1.6  54.6  0.4  0.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
YD09-45  165.0 -55.0  199.0  179.8  185.0   5.2    4.3   5.6  27.4  0.8  4.1
  inc.                       179.8  182.8   3.0    2.5   6.0  38.1  1.1  4.3
  and                        184.0  185.0   1.0    0.8  11.4  24.3  0.9  6.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
YD09-46  150.0 -55.0  200.3  169.6  177.4   7.8    6.5   2.6  61.5  1.1  1.9
  inc.                       172.0  177.4   5.4    4.5   3.4  84.4  1.6  2.6
----------------------------------------------------------------------------
----------------------------------------------------------------------------
YD09-47  156.0 -55.0  318.9   22.7   23.9   1.3    1.0   1.1   8.2  0.5  0.1
                             246.7  249.0   2.3    1.9   1.7  59.8  1.3  7.7
                             248.3  248.6   0.7    0.6   1.2 142.0  3.0 22.5
                             252.5  255.5   3.0    2.5   0.5  20.2  0.7  2.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------
YD09-48  142.0 -75.0  385.0  368.0  370.9   2.9    1.7   6.4  35.9  1.2  1.8
  inc.                       369.2  370.9   1.8    1.0  10.5  56.0  1.9  2.6
                             373.7  377.0   3.3    1.9   3.3  33.8  0.9  3.0
  inc.                       375.2  375.7   0.5    0.3  21.0 232.0  6.3 21.3
----------------------------------------------------------------------------
Analyzed by FA-ES/AA for gold and ICP-MS by Acme Labs, Vancouver BC; Samples
greater than 10g/t Au re-assayed with FA-Grav - check assays are pending;
Silver overlimits (greater than 200g/t Ag) re-assayed with FA-Grav



A complete summary of 2009 assays and longitudinal section are available on the
Duncastle website at duncastlegoldcorp.com.


Upcoming Exploration Plans

Duncastle continues to follow through on recommendations from the 2008 Summary
Report on Exploration reported earlier this year which contains numerous targets
identified during 3D modeling of historic mine records combined with Duncastle's
recent results. As well as surface drilling completed in 2009, the report
recommends up to 2,300 metres of drilling on numerous targets from underground
via the Wildhorse Adit, a 1,417 metre exploration adit built during the period
1928 to 1954 that intersects the Bonus vein and meets the Yankee Girl vein 110
metres below the old mine workings. The adit was inspected by Duncastle
personnel in 2006 and appears to be in excellent shape structurally.
Rehabilitation work consisting of minimal timber and drainage work is planned
for 2010. Underground drilling below the known mineralized zones is planned
along with drilling to expand the Bonus vein, a vein parallel to the Yankee Girl
vein.


A full report with recommendations based on recent results is now being drafted.
Additional drilling from surface is planned for 2010 to further delineate the
western extensions of the Yankee Girl Mine. In addition to work planned from the
Wildhorse adit, the Company may also investigate the 1235 adit to better access
the western mineralized zones.


About Duncastle Gold

Duncastle Gold Corp. is a mineral exploration company based in British Columbia,
Canada with projects in both central and southeastern BC. The Yankee-Dundee
project comprises 26 crown grants under a 100% option agreement and 95 tenured
mineral claims totaling approximately 5,987 hectares in the Nelson Mining
District, located three kilometres northeast of the town of Ymir in southeastern
British Columbia. Gold mineralization was first reported near Ymir in the late
1800s, with much of the mining taking place at the Yankee Girl, Dundee and Ymir
mines during the period 1907 to 1951. Historical records indicate that a total
of 375,000 tonnes grading 9.9g/t Au and 57g/t Ag were mined from the Yankee Girl
vein during this time. Exploration by the company is targeting high-grade
Au-quartz veins throughout the Ymir district which historically, together with
the adjacent Sheep Creek district is reported to have produced more than one
million ounces of gold(1). The Ymir camp was the largest silver producer in the
British Commonwealth in the 1930s (BC MEMPR Bulletin 109, 2001). In central B.C.
the company has the 8,641 hectare Porphyry Creek property in the Rocher Deboule
Mountains near Smithers, with a porphyry or IOCG copper-gold target. Duncastle
Gold Corp is a Manex Resource Group company.


Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the
technical results in this release.


On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director, Duncastle Gold Corp.

(1) Production data was obtained from historical government records and has not
been independently verified by the current operators of the project.


This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. Duncastle Gold Corp. relies upon litigation protection for forward
looking statements.


1 Year Chart

1 Year  Chart

1 Month Chart

1 Month  Chart