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Share Name | Share Symbol | Market | Type |
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Goldon Resources Ltd. | TSXV:NCM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
The two-unit, 30-hectare claim lies approximately one kilometre north of Trelawney Mining and Exploration Inc.'s Cote Lake deposit, which currently stands at 131 million tonnes averaging 1.0 g/t gold for 4.22 million ounces of contained gold at a cut-off grade of 0.30 g/t gold. The limits of the deposit have not been defined.
A recently completed ground I.P. survey along with a combined ground magnetic and electromagnetic survey last spring by Newcastle identified potential extensions of mineralized structures trending off Trelawney's ground onto Newcastle's Chester Project. Newcastle's drilling will focus on these potential extensions, as well as test additional magnetic, electromagnetic and I.P. anomalies identified in the two surveys.
Ontario Geological Survey mapping from 1980 recorded both felsic-intermediate metavolcanics with quartz veins/pods and "migmatitic" (or intermediate-felsic intrusive) rocks listed as massive hornblende diorite also with quartz veins. The possible extension of the mineralized zone from Trelawney's property appears to align itself with a coincidental Mag-VLF anomaly on Newcastle's Chester property, which appears prospective.
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 6,600-hectare property located in the Swayze greenstone belt of Ontario near Trelawney Mining and Exploration Inc.'s Chester Project.
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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