Duncastle Signs Exploration Access Agreement with First Nations at Porphyry Creek
May 03 2010 - 8:37AM
Marketwired
Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) (the
"Company") reported today that it has signed an access agreement
with First Nations for 2010 exploration work on the western portion
of its 100% owned Porphyry Creek project located 20 kilometres
northwest of Smithers in northwest British Columbia.
The agreement provides employment, training and business
opportunities to First Nations and First Nations businesses in the
western project area while granting Duncastle access for the
proposed 2010 exploration program including airborne geophysics,
ground exploration and potential drilling intended to advance the
gold-copper porphyry potential of the property. The 2010 agreement
is a continuation of the positive relationship Duncastle has built
with the local community starting with early consultation before
work commenced in 2008.
With over 94 sq km of mineral claims and numerous high-grade
gold, silver and polymetallic showings and past workings around a
10-kilometer long magnetic high, the Porphyry Creek project makes a
compelling porphyry target. Early modeling work by Duncastle has
demonstrated zonation on the property consistent with porphyry
models that will be targeted and investigated in the 2010
exploration program.
Duncastle Gold Corp. is a Vancouver based gold exploration
company with mineral claims covering or surrounding past producers
in two historic BC districts. In Southeast BC Duncastle is
targeting high-grade gold-silver-lead-zinc veins at the former
Yankee-Dundee mine, 50km from the smelter at Trail, BC. In
Northwest BC the Company's holdings cover a 10 km long magnetic
anomaly, previous workings, and high-grade veins at its Porphyry
Creek project. Duncastle has assembled contiguous claim blocks
totaling more than 150 sq km in each of these two productive
regions for gold and copper exploration.
As part of the Manex Resource Group, Duncastle benefits from
shared expertise in corporate finance, public company
administration, investor relations, and technical and geological
services provided for six public companies. Since its formation in
1997, the companies within the Manex Group have raised over C$250
million in exploration financing.
On behalf of the Board of Directors,
Victor J E Jones, President, Director, Duncastle Gold Corp.
This News Release may contain forward-looking statements
including but not limited to comments regarding the timing and
content of upcoming work programs, geological interpretations,
receipt of property titles, potential mineral recovery processes,
etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently
anticipated in such statements. Duncastle Gold Corp. relies upon
litigation protection for forward-looking statements.
Neither TSX Venture Exchange 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.
Contacts: Duncastle Gold Corp. Jeff Stuart 1.888.456.1112 or
604.641.2771 jstuart@mnxltd.com Duncastle Gold Corp. Liana
Shahinian 1.888.456.1112 or 604.641.2771
www.duncastlegoldcorp.com
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