Newcastle Reports Preliminary Drill Results on Its Chester Project
July 05 2011 - 8:29AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has completed a four-hole, 1,050-metre diamond drilling
program on its 100% owned Chester Project located in northwestern
Ontario, Canada.
All holes encountered intermediate intrusive rocks - primarily
hornblende diorite - and occasionally intermediate to mafic
volcanics. The hornblende diorite was generally medium green-grey,
medium- to coarse-grained (2 mm to 5 mm), massive, and
approximately 50% to 60% hornblende and 40% to 50% feldspar. The
intermediate volcanics were very fine grained and commonly
amygduloidal for several metres at both the upper and lower
contacts with the intermediate intrusive, and fine- to
medium-grained and massive in the core of the units.
Sulphide mineralization was weak throughout the rocks
encountered and was usually associated with variable degrees of
alteration and fracturing. The main sulphides encountered were
pyrite, pyhrrotite, chalcopyrite and possibly sphalerite, generally
in trace amounts and occasionally up to 1% or 2% over several
metres.
Alteration consisted primarily of variable quartz-carbonate +/-
chlorite +/- sercite alteration and veining associated with zones
of weak to moderate irregular fracturing, with local brecciation.
Local hematite and/or potassic alteration was also present with the
quartz-carbonate veining.
A total of 221 cut drill core samples were submitted to
Accurassay of Thunder Bay, Ontario for assay and those results are
pending. The drill program was carried out under the supervision of
Mr. Des Cullen of Clark Exploration Consulting of Thunder Bay,
Ontario and drilling was undertaken by Chenier Diamond Drilling of
Sudbury, Ontario.
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 - including the Mollie River
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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