New Carolin Gold Corp. reports initial drill results on the first two holes of a 15 hole drill program at its Ladner Gold Property near Hope in southwestern British Columbia. Drill holes ID-01 and ID-02 were drilled from the same site. The Idaho Zone consists of several gold mineralized zones as observed from logging and assays in holes ID-01 and [...]
New Carolin Gold announces today that it has received final acceptance from the TSX Venture Exchange for a non-brokered private placement of 2,059,182 flow-through shares at a price of C$0.11 per flow-through share for gross proceeds of C$226,510, including $22,000 from a director of the Company. The private placement closed on December 31, 2012 [...]
New Carolin is pleased to announce it has entered into a Letter of Intent with Shoreline Resource Management Group (SRM), located in Oakville, ON, in respect to establishing a tailings gold processing facility at the Carolin Mine in 2013. SRM is a resource management consulting company that provides Engineering, Procurement, Construction and [...]
New Carolin announces today that, subject to regulatory approval, it intends to complete a non-brokered private placement of up to 3,000,000 flow-through shares at a price of C$0.11 per flow-through share for gross proceeds of up to C$330,000. New Carolin Gold may pay a finder's fee in respect of certain investors introduced to the Company of up to [...]
New Carolin Gold announces that it is in continuing discussion with Sampson Belair / Deloitte & Touche regarding its obligations under the Purchase and Sale Agreement dated July 12, 2011 with Century Mining to purchase the Carolin Mine and accompanying claims from CMC. Century Mining Corporation was placed into receivership on May 29, 2012 and [...]
New Carolin Gold announces today that, subject to regulatory approval, it has closed a non-brokered private placement of 2,565,000 Units at a price of C$0.12 per Unit for gross proceeds of C$307,800. Each Unit will consist of one Common Share and one-half of one Common Share Purchase Warrant. Each whole Warrant will be exercisable to acquire one [...]
New Carolin announces today that, subject to regulatory approval, it intends to complete a non-brokered private placement of up to 2,500,000 Units at a price of C$0.12 per Unit for gross proceeds of up to C$300,000. Each Unit will consist of one Common Share and one-half of one Common Share Purchase Warrant. Each whole Warrant will be exercisable [...]
New Carolin Gold is pleased to report that recent metallurgical test results at SGS Canada Ltd. have demonstrated that high gold recoveries are possible using pressure oxidation (POX) pre-treatment on a gold flotation concentrate followed by carbon in leach (CIL) gold recovery. The gold recovery achieved in POX-CIL testing of flotation concentrate [...]
New Carolin Gold is in the process of initiating a surface diamond drill program on the Carolin Mine at its Ladner Gold Property near Hope in southwestern British Columbia. The objectives of this drill program are to: 1) validate previous gold mineralization in order to bring the inferred resource into the indicated and measured categories; 2 [...]
New Carolin is pleased to report that recent metallurgical test results at SGS Canada Ltd. have demonstrated that high gold recoveries are possible using a combination of conventional flotation and cyanidation. The gold recovery from a metallurgical sample from the McMaster Zone provided to SGS Canada Ltd. was 91%. In combination, flotation plus [...]
New Carolin Gold is pleased to announce that the TSX Venture Exchange has accepted for filing documentation with respect to the closing of a non-brokered secured convertible debt financing of C$415,000. Pursuant to the financing the Company will issue a debenture in the principal amount of C$415,000 pursuant to which the debt will be convertible [...]
New Carolin Gold announces today that, subject to regulatory approval, it intends to complete a non-brokered secured convertible debt financing of $500,000. The offering is convertible debt with an 8% coupon payable semi-annually. The debt is convertible into units consisting of one common share of the Company and one share purchase warrant at a [...]
