/NOT FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
VANCOUVER, July 3, 2013 /CNW/ - Carolina Capital Corp. (TSX
Venture: CQC) is pleased to announce that it has completed the 2013
exploration program on the GP property, located near Lytton, British Columbia, further defining the
previously known NW trending gold-in-soil and arsenic-in-soil
anomaly. The 1,978 hectare GP property is a low sulphidation
epithermal project lying within the Spences Bridge Gold Belt of
south central British Columbia.
Carolina is earning a 100% interest by making cash payments of
$25,000, issuing 700,000 common
shares of Carolina over the next two years and completing
$100,000 in exploration
expenditures.
The 2013 program consisted of in-fill soil
geochemistry over the heart of the NW trending anomaly striking
through the middle of the property. This was accomplished by
tightening the sample spacing to 50 metres by 25 metres resulting
in the collection of 1,748 samples.
The 2013 program continued on the success of
2011, further delineating and defining the 2.7 kilometre, NW
trending Au-in-soil and As-in-soil anomaly. The width ranges from
one station, about 25 metres, to four stations, about 100 metres
and continues to both ends of the grid. It is stronger over the
northern part of the grid, corresponding to the Pimainus
volcaniclastics and weaker in the overlying Spius andesites to the
south.
A program of deep Induced Polarization surveying
has been recommended to test the full strike extent of the anomaly
for zones of quartz veining and accompanying precious metal
mineralization in advance of diamond drilling.
R. Tim
Henneberry, P. Geo., a qualified person under NI 43-101 and
a Director of Carolina Capital Corp., has reviewed and approved the
technical content of this news release.
ON BEHALF OF THE BOARD:
"Suzanne Wood"
Suzanne Wood
President, CFO & director
Neither the TSX Venture Exchange Inc. 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.
SOURCE Carolina Capital Corp.