Posted On: 04/27/2016 1:04:03 PM
Post# of 99202
$LADFF - $LAD.V
New Carolin Gold Corp.
Highlights
• Closed financing for $1,100,000 March 2016
• Five past producing underground gold mines trending NW on the east side of the Hozameen Fault, within the Coquihalla Gold Belt
• Approximately 144 sq km contiguous land package
• NI 43-101 Carolin Resource - 607,000 oz inferred
• NI 43-101 McMaster Resource - 79,000 oz inferred
• Metallurgy – recent tests averaged 91%+ recovery
• Existing Mine Permit – M138
• Exploration Permit MX-7-185
• TSF NI 43-101 inferred resource of 23,700 and 5,000 oz indicated at 1 g/t oz of 1 g/t with .5 cut-off
• Desirable mining location
• Recently acquired 100%
• Gold belt runs for 28 km on Company claims along the Hozameen Fault.
• 5 historical mines (since 1925)
• 30 known gold workings and high grade occurrences with little to no follow-up work
• Exploration and drilling has been limited to Carolin with minor drilling at the McMaster Zones and very sporadic exploration at other key targets
• Very large geophysical and geochemical signature
• Compelling 3D Geological Model
• Metallurgical test work indicates overall gold recoveries of up to 94.5% possible
• Gold zones associated with deep 1st order crustal fault – Hozameen Fault
• Similar geological setting to Bridge River Gold Camp (Bralorne) and California’s Mother Lode District
http://www.newcarolingold.com
New Carolin Gold Corp.
Highlights
• Closed financing for $1,100,000 March 2016
• Five past producing underground gold mines trending NW on the east side of the Hozameen Fault, within the Coquihalla Gold Belt
• Approximately 144 sq km contiguous land package
• NI 43-101 Carolin Resource - 607,000 oz inferred
• NI 43-101 McMaster Resource - 79,000 oz inferred
• Metallurgy – recent tests averaged 91%+ recovery
• Existing Mine Permit – M138
• Exploration Permit MX-7-185
• TSF NI 43-101 inferred resource of 23,700 and 5,000 oz indicated at 1 g/t oz of 1 g/t with .5 cut-off
• Desirable mining location
• Recently acquired 100%
• Gold belt runs for 28 km on Company claims along the Hozameen Fault.
• 5 historical mines (since 1925)
• 30 known gold workings and high grade occurrences with little to no follow-up work
• Exploration and drilling has been limited to Carolin with minor drilling at the McMaster Zones and very sporadic exploration at other key targets
• Very large geophysical and geochemical signature
• Compelling 3D Geological Model
• Metallurgical test work indicates overall gold recoveries of up to 94.5% possible
• Gold zones associated with deep 1st order crustal fault – Hozameen Fault
• Similar geological setting to Bridge River Gold Camp (Bralorne) and California’s Mother Lode District
http://www.newcarolingold.com
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