Duncastle Signs Agreements With First Nations at Porphyry Creek, Adds Claim
April 28 2011 - 1:55PM
Marketwired
Duncastle Gold Corp. (the "Company") (TSX VENTURE: DUN)(FRANKFURT:
5D3) reported today that it has signed agreements with two First
Nations for 2011 exploration work on its Porphyry Creek project
located 30 kilometers northwest of Smithers in northwest British
Columbia.
The agreements provide employment, training and business
opportunities to First Nations and First Nations businesses in the
project areas while granting Duncastle access for reconnaissance
geology and drilling programs in 2011. The agreements are a
continuation of the positive relationship Duncastle has built with
local communities starting with early consultation before work
commenced in 2008.
Duncastle now has agreements in place with First Nations for all
2011 exploration target areas on the property.
Duncastle also reported today that it added a claim totaling
about 463 hectares to the Porphyry Creek project in order to
properly stake the MT showing which appears to have been
incorrectly mapped in the public database. Recent compilation and
analysis of past work has identified the MT showing as occurring
two kilometers south of its mapped location, or about four
kilometers south of Duncastle's recent copper-molybdenum porphyry
discovery at the Sultana mine on the Porphyry Creek project.
Select historic high-grade rock chip samples from the MT showing
include 5,187g/t Ag and 2.34% Cu in one sample, 23.0g/t Au,
1,817g/t Ag and 1.09% Cu in a second, and 5.1g/t Au, 2,846g/t Ag
and 3.65% Cu in a third(1). Geologic mapping by Amax Exploration in
1967 identified an intrusive body with an accompanying 1,000 x 300
meter zone with strong alteration and pyritic mineralization.
Concurrent geochemical sampling returned some anomalous copper and
molybdenum values, but outcrops were extensively leached, making
the mineral potential impossible to evaluate on surface. The zone
corresponds well with the southern extension of a strong
conductivity (EM) response seen in Duncastle's 2010 airborne
geophysical survey. Further investigation of this significant
geologic anomaly will be conducted during Duncastle's work program
commencing in May 2011.
(1) Historical results are compiled from government databases
and predate NI 43-101. Duncastle has not independently verified
past exploration results.
About Duncastle Gold
Duncastle Gold Corp. is a Vancouver-based gold exploration
company with mineral claims covering or surrounding past producing
mines in northwest and southeast British Columbia, Canada.
Duncastle has assembled contiguous claim blocks totaling more than
210 sq km in these two historic and productive regions.
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 seven public companies active in North
America. Since its formation in 1997, the Manex Group companies
have raised over C$300 million in exploration financing.
Rob Macdonald, (P.Geo.), is the Qualified Person responsible for
reviewing the technical results in this release.
On behalf of the Board of Directors,
Michael Rowley, 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. These statements are based on a
number of assumptions, including, but not limited to, assumptions
regarding general economic conditions, interest rates, commodity
markets, regulatory and governmental approvals for the company's
projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause
actual results to differ materially from those in forward looking
statements include market prices, exploitation and exploration
successes, the timing and receipt of government and regulatory
approvals, and continued availability of capital and financing and
general economic, market or business conditions. Duncastle Gold
Corp. does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by
applicable law.
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. Michael Rowley 1.888.456.1112 or
604.641.2742 mrowley@mnxltd.com Duncastle Gold Corp. Liana
Shahinian 1.888.456.1112 or 604.641.2773 liana@mnxltd.com
www.duncastlegoldcorp.com Duncastle Gold Corp.
www.duncastlegoldcorp.com
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