New Carolin Gold Reports Additional Drill Results of Surface
(via Thenewswire.ca)
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-03 and ID-04 were drilled from the same site in the
Idaho Zone. These two holes were drilled to closely twin two drill
holes which were drilled in 1996 and to confirm previous
mineralization. This drill site lies approximately 50 metres east of
drill holes ID-01 & 02 (see press release March 5, 2013). There
are multiple mineralized zones, similar to those encountered in other
drill holes.
Hole ID-03 returned 3.73 metres grading 5.34 g/t gold which includes a
1.30 metre interval grading 5.30 g/t gold and another 1.25 metre
interval grading 8.78 g/t gold.
Calculated weighted averages of gold grades for hole ID-03 are
presented in the following table. The true widths of these
intersections are not known.
-------------------------------
|ID -03 |? |? |? |
|-----------------------------|
|azimuth |200.00|? |? |
|-----------------------------|
|dip |-45.00|? |? |
|-----------------------------|
|depth |181.96|? |? |
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|FROM |TO |Interval|Gold|
|-----------------------------|
|? |? |(m) |g/t |
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|14.83 |18.56 |3.73 |5.34|
|-----------------------------|
|includes|? |? |? |
|-----------------------------|
|14.83 |16.13 |1.3 |5.3 |
|-----------------------------|
|16.13 |17.38 |1.25 |8.78|
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|33.56 |38.72 |5.16 |1.03|
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|47.69 |51.86 |4.17 |0.72|
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|72.65 |76.30 |3.65 |1.87|
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|163.42 |166.77|3.35 |0.88|
-------------------------------
Hole ID-04 returned 4.87 metres grading 1.57 g/t gold and 12.05 metres
grading 2.06 g/t gold which includes 1.63 metres grading 8.73 g/t
gold.
Calculated weighted averages of gold grades for hole ID-04 are
presented in the following table. The true widths of these
intersections are not known.
-------------------------------
|ID -04 |? |? |? |
|-----------------------------|
|azimuth |200.00|? |? |
|-----------------------------|
|dip |-65.00|? |? |
|-----------------------------|
|depth |121.00|? |? |
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|FROM |TO |Interval|Gold|
|-----------------------------|
|? |? |? |g/t |
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|16.16 |21.03 |4.87 |1.57|
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|35.53 |51.11 |15.58 |0.76|
|-----------------------------|
|? |? |? |? |
|-----------------------------|
|81.40 |93.45 |12.05 |2.06|
|-----------------------------|
|includes|? |? |? |
|-----------------------------|
|82.82 |84.45 |1.63 |8.73|
-------------------------------
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.
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
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