Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that First
Lithium Resources Inc. will resume drilling on Newcastle's Mollie River Property
located approximately four kilometres east of Trelawney Mining and Exploration
Inc.'s Chester Gold Complex in northwestern Ontario. First Lithium has an option
to earn up to a 75% interest in Newcastle's property.


First Lithium will continue drilling DDH MR-10-10, which was previously drilled
to a depth of 194m. The final 9m interval of that core revealed elevated gold
and copper levels (see news release March 2, 2011). Project geologist Mark
Fedikow stated, "The association of gold mineralization in altered mafic to
intermediate intrusions is strongly suggestive of the geologic setting of the
Trelawney gold deposits." Drilling will commence today or tomorrow.


The depth to which First Lithium will extend the hole will be determined by
visual examination of the core as it is extracted.


Newcastle Minerals Ltd. is a Canadian gold and base metal exploration company
trading on the TSX Venture Exchange (TSX VENTURE:NCM). The company is advancing
its three key properties: its 120-hectare Carscallen Property in the West
Timmins area of Ontario, its 11,100-hectare Pickle Lake Property in northwestern
Ontario and its 6,600-hectare property - including the Mollie River Property -
located in the Swayze greenstone belt of Ontario near Trelawney Mining and
Exploration Inc.'s Chester Project.


ON BEHALF OF THE BOARD

Michael Romanik, President

Goldon Resources Ltd. (TSXV:NCM)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Goldon Resources Ltd. Charts.
Goldon Resources Ltd. (TSXV:NCM)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Goldon Resources Ltd. Charts.