New Carolin Gold Reports Additional Drill Results of Surface Diamond Drill Program on the Ladner Gold Property
March 14 2013 - 2:01PM
Access Wire
New Carolin Gold Corp. (TSX - V: LAD) reports additional drill
results at its Ladner Gold Property near Hope in southwestern
British Columbia. Twelve holes were drilled in the Idaho Zone for
the purpose of developing and expanding this promising area as a
potential "starter open pit" and to confirm earlier drilling circa
1982.
Drill holes ID-05 and ID-06 were drilled above the main trench
and confirms the surface gold values and continuity of
mineralization intersected in drill holes ID-01 and 02 (see press
release dated March 5, 2013). This area, which lies adjacent to the
1015 portal and directly above the old mine workings, was trenched
in 1996 with assays ranging from 1 to 19 g/t Au over sampling
intervals of one metre. Assay results as shown below indicate that
infill sampling is needed in order to best define the mineralized
zones in these holes.
Hole ID-05 returned 7.32 metres grading 6.79 g/t gold which
includes a 1.69 metre interval grading 7.04 g/t gold and another
1.48 metre interval grading 13.10 g/t gold.
Calculated weighted averages of gold grades for hole ID-05 are
presented in the following table. The true widths of these
intersections are not known.
----------------------------------
|ID -05 | | | | |
|--------------------------------|
|azimuth |200 | | | |
|--------------------------------|
|dip |-45 | | | |
|--------------------------------|
|depth |102.41| | | |
|--------------------------------|
| | | | | |
|--------------------------------|
|FROM |TO |Interval|Gold | |
|--------------------------------|
| | |(m) |g/t | |
|--------------------------------|
| | | | | |
|--------------------------------|
|3.66 |10.98 |7.32 |6.79 | |
|--------------------------------|
|includes| | | | |
|--------------------------------|
|5.31 |7 |1.69 |7.04 | |
|--------------------------------|
|8.5 |9.5 |1 |6.55 | |
|--------------------------------|
|9.5 |10.98 |1.48 |13.1 | |
|--------------------------------|
| | | | | |
|--------------------------------|
|20.74 |22.64 |1.9 |2.455| |
|--------------------------------|
| | | | | |
|--------------------------------|
|27.41 |30.54 |3.13 |0.89 | |
|--------------------------------|
| | | | | |
----------------------------------
Hole ID-06 returned 4.88 metres grading 6.86 g/t gold which
includes 1.42 metres grading 9.90 g/t gold and 1.16 metres grading
7.02 g/t gold.
Calculated weighted averages of gold grades for hole ID-06 are
presented in the following table. The true widths of these
intersections are not known.
-------------------------------
|ID -06 | | | |
|-----------------------------|
|azimuth |200.00| | |
|-----------------------------|
|dip |-75.00| | |
|-----------------------------|
|depth |91.13 | | |
|-----------------------------|
| | | | |
|-----------------------------|
|FROM |TO |Interval|Gold|
|-----------------------------|
| | |(m) |g/t |
|-----------------------------|
| | | | |
|-----------------------------|
| | | | |
|-----------------------------|
|3.05 |7.93 |4.88 |6.86|
|-----------------------------|
|includes| | | |
|-----------------------------|
|3.05 |4.47 |1.42 |9.90|
|-----------------------------|
|5.79 |6.95 |1.16 |7.02|
|-----------------------------|
| | | | |
|-----------------------------|
|12.00 |13.11 |1.11 |1.11|
|-----------------------------|
| | | | |
|-----------------------------|
|29.76 |36.10 |6.34 |1.92|
|-----------------------------|
|includes| | | |
|-----------------------------|
|30.85 |32.35 |1.50 |4.90|
|-----------------------------|
| | | | |
|-----------------------------|
|67.78 |70.00 |2.22 |2.07|
|-----------------------------|
| | | | |
-------------------------------
Twelve diamond drill holes were drilled in the Idaho Zone which
previously has only seen sporadic drilling, circa 1982. The
objective of this drill program was to test for mineralization from
the surface findings down to the old mine workings and to confirm
historic results within the old mine workings. The Idaho Zone
consists of several gold mineralized zones as observed from logging
and assays in drill holes. Where no mineralization was observed
from logging, intervals were also sampled in order to characterize
the potential waste rock. Rock quality data was also logged in
order to define faults, shear zones and fractures necessary for
mine design. Random samples were selected for specific gravity
measurements. The Idaho Zone is also in a potential "starter pit"
location, within an open pit mining scenario. This zone can also be
accessed from underground for further definition drilling where
surface drilling sites are limited. Core from the Idaho Zone will
be submitted for metallurgical test work.
Drill holes ID-03 and 04 will be reported when all assays are
received.
Core was transported to a core shack located in Hope, BC, where
it was logged and sampled. Mineralized core was sawed in half, with
half of the samples shipped to Acme Analytical Laboratories, an ISO
9001:2000 certified analytical laboratory, located in Vancouver,
BC. The remaining core was replaced in the core box and is stored
for future reference. Core recovery for theses hole averaged 95%.
Blanks and standards were inserted in the sample stream at the time
of sampling and all samples subsequently underwent testing by fire
assay for gold and ICP-MS for multi-elements.
The technical content of this press release has been reviewed
and approved by the Company's President and CEO, Bruce W. Downing,
as the Qualified Person.
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior mineral exploration
and development company engaged in the acquisition, exploration,
evaluation and development of 144 sq kms of contiguous mineral
claims, collectively known as the Ladner Gold Project, located
along the prospective and under-explored Coquihalla Gold Belt
located in southeastern British Columbia, which is host to several
historic small gold producers including the Carolin Mine,
Emancipation Mine, Pipestem Mine and numerous gold prospects.
For further information please visit the website at
www.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo, Hon.FEC
President & Chief Executive Officer
Office778 - 294 - 3211
Emailceo@newcarolingold.com
Web sitewww.newcarolingold.com
Neither the 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 the
accuracy of this press release. We seek Safe Harbor.
Not for distribution in the United States.
Caution concerning forward-looking information
This news release may contain forward-looking statements that
are based on the Company's expectations, estimates and projections
regarding its business and the economic environment in which it
operates. These statements are not guarantees of future performance
and involve risks and uncertainties that are difficult to control
or predict. Therefore, actual outcomes and results may differ
materially from those expressed in these forward-looking statements
and readers should not place undue reliance on such statements.
Statements speak only as of the date on which they are made, and
the Company undertakes no obligation to update them publicly to
reflect new information or the occurrence of future events or
circumstances, unless otherwise required to do so by law.
-
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