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TSXV:DUN | TSX Venture | Common Stock |
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Duncastle Gold Corp. (TSX VENTURE:DUN) reported today on surface exploration results from reconnaissance rock and stream sediment sampling on it's 100% owned Porphyry Creek project, including high-grade silver and base-metals from two prospects on this highly prospective 7,624 hectare property located 20 km northwest of Smithers, northwest British Columbia. Highlights of this work include: - dump and talus samples which returned 2,566g/t Ag, 11.1% Pb and 19.4% Zn and 1,131g/t Ag, 4.9% Pb and 4.1% Zn in two separate samples from the Brunswick Adit, and - 152g/t Ag and 22% Zn from a massive sulphide boulder from the Brian Boru prospect. - Stream sediment sampling which indicates strong Ag- and Cu- anomalies in two prominent drainages within the property. Reconnaissance mapping and sampling was carried out over an eight day period in order to prioritize exploration targets for a more comprehensive 2009 program. Stream sediment sampling tested four main drainages on the property. Several samples returned strongly anomalous silver (greater than 5ppm), copper (greater than 500ppm) and Zn (greater than 500ppm) and generally showed a strong spatial association with known mineral occurrences. Rock sampling focused primarily on known vein occurrences throughout the property and returned bonanza-grade silver values similar these identified in historic sampling and recorded (small scale) production from historical workings. Samples from several new occurrences returned strong copper and gold anomalies identified that will require follow work in 2009. The recent acquisition of the Porphyry Creek project provides the Company with a significant land package in a second highly prolific mineral district in British Columbia. Eleven large porphyry or porphyry-style copper-gold, copper-molybdenum, molybdenum, and molybdenum-tungsten deposits occur within a 150km radius of the property and regional stream sediment samples demonstrate the property to be among the highest potential in British Columbia for Iron Oxide Copper Gold (IOCG) type deposits. Company Overview 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 90 tenured mineral claims totaling approximately 5,397 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 7,624 hectare Porphyry Creek property in the Rocher Deboule Mountains near Smithers, with a porphyry or IOCG copper-gold target. 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. For more detailed information, please visit the company's website at www.duncastlegoldcorp.com. (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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