Newcastle Minerals has announced drilling results from nine holes at Carscallen Property, which is planned to further assess its 120 hectare sited near Timmins, Ontario.
This 2,000-meter drilling has aimed at the new induced polarization (IP) anomalies, the Bristol Fault and an interpreted splay to the Bristol Fault. The drill holes do not go beyond 300 meters, analyzing the property at less than 200 meters beneath the surface.
A single inclined drill hole NC-11-04 analyzes an IP anomaly along with related high magnetic response. The company cuts a graphite and pyrite-bearing unit and gives details about the IP anomaly. A 0.5 meter quartz vein encounters 279 ppb gold over 1.0 meter, which is present at 146 meters down the hole.
The company drills a sequence of five holes of about 1,150 meters in order to describe the general trend of the Bristol Fault. Even though, the company finds no significant gold values, the trend of the Bristol fault has been concluded.
NC-11-06 and NC-11-03 were the two holes drilled in the areas of holes NC-10-01 and NC-10-07. The 2010 drilling intercepts 50-meter-wide sub-vertical zone of weak to modest shearing with grading up to 500 ppb gold over 0.60 meters. It also intersects 240 ppb gold over 2.0 meters.
The diamond drilling has estimated unambiguous geological targets successfully and offered valuable stratigraphic geology for the property. This drilling has been completed by Clark Exploration Consulting. Accurassay Laboratories evaluates the core samples.