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DUN

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Share Name Share Symbol Market Type
TSXV:DUN TSX Venture Common Stock
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Duncastle Gold Starts 2009 Drilling at Yankee-Dundee Property

14/07/2009 7:27pm

Marketwired Canada


Duncastle Gold Corp. (TSX VENTURE:DUN) reported today that drilling has started
on its Yankee-Dundee property located three kilometres northeast of Ymir, in
southeastern British Columbia.


Duncastle said it plans a first phase drill program of up to about 1,100m to
test the Yukon, Max and 400 Shoots, located on the shallow un-mined extension of
the Yankee Girl structure, as well as recently developed targets at the
Goodenough mine and Bonus vein. This drill program will extend the 4,930m of
drilling from 37 holes undertaken by Duncastle since its acquisition of the
property in 2007 at an aggregate cost of over $2 million.


Results from 2007-08 drilling on the Yankee Girl structure indicate that the
Yukon Shoot (thickest and most continuous portion of the vein) persists to a
depth of some 280 metres. Higher grade intervals within the core of the Yukon
Shoot assay up to 14.14g/t Au, 281g/t Ag, 11.13% Pb and 12.58% Zn over an
estimated true thickness of 3.23 metres. Within the area of the Yukon Shoot, the
Yankee Girl structure remains largely untested for over 240 metres to the east
(toward the historic workings) and down plunge beneath its occurrence in the
deepest workings of the Yankee Girl Mine. The entire mineral system remains open
along strike to the west.


A 2008 Summary Report on Exploration on the Yankee-Dundee Project recommends a
multi-stage exploration program comprising +5,300 metres of surface and
underground diamond drilling on the Yankee Girl and adjacent vein systems and
continued surface exploration of several precious-metal-rich mineral showings
throughout the 5,987 ha property.


Proposed Exploration for Fall 2009

Later in the year the company plans to commence a recommended rehabilitation of
the Wildhorse Adit, consisting of minimal timber and drainage work as a prelude
to 2,300 metres of drilling on numerous targets from underground. The Wildhorse
Adit is 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.


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). In central B.C. the company has the 7,827 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 reported 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.


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