Newcastle Begins Pickle Lake Prospecting Program
November 04 2011 - 7:06AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE:NCM) has engaged Billiken
Management to conduct a surface reconnaissance program on
Newcastle's Pickle Lake area claims. The 27,000-acre Pickle Lake
project is divided into three claim groups known as the Western
Claim Group, the Crowshore Patents and the Crowshore North Group.
In brief, the work plan is as follows:
Western Claim Group
The Western Claim Group includes the claims recently acquired
from Cadillac Ventures, as well as the original Newcastle claims
which surround the Central Patricia Mine and cover the Southwest
Powderhouse Zone, which adjoins PC Gold's Pickle Crow property.
Historical work on this group includes mapping and sampling in
the 1960s and 1970s, and regional drilling by Noramco in the 1980s,
which focused on coring within the north-south trending iron
formation at regular widely spaced intervals in a reconnaissance
style program searching for gold mineralization. Newcastle's drill
program in 2010 was successful in demonstrating the possible
continuity of mineralization from PC Gold's property, as well as a
15-foot section which averaged 2.63 grams of gold per tonne in the
iron formation.
There is significant outcropping of the iron formation in the
central to southern claims south toward the Dona Lake Mine, which
is located near the southeast tip of this claim group in the same
iron formation trend that transects the Newcastle property. There
is a showing known as the Fault Creek Showing located in the
northeast corner of claim 424956; Newcastle will locate this
showing, map and sample it and the prospective areas uncovered near
the showing to the north and south as opportunities present
themselves. Grab samples from the Fault Creek Showing taken by
Central Patricia Gold Mines Limited (1945-1947) assayed up to 1.82
ounces of gold per ton
Crowshore Patents
Newcastle has the option to earn a 90% interest in nine patents
- the Crowshore Patents - adjoining PC Gold at the northeast and is
located just 1,000 metres from the Albany Shaft. Historical
exploration of the Crowshore Patents indicates four gold-bearing
zones. Drilling in 1938 traced the A Zone for about 122 meters and
yielded gold assays as high as 0.74 ounces of gold per ton.
Outcroppings in and around the shaft area will be prospected in
detail, as significant gold mineralization has been reported in
historical work filings.
Crowshore North Group
The Crowshore North Group comprises 11 claims totaling 2,720
hectares and is owned 100% by Newcastle. The claims cover the
stratigraphic extension of the iron formation which is host to
three past producing gold mines and multiple gold showings to the
southwest of the property. Several areas of interest have been
identified from a compilation of historical work on this claim
group, which will be prospected, mapped and sampled during this
program. Some diamond drilling uncovered interesting gold values
and several outcrop samples taken by previous operators warrant
follow-up with more modern techniques.
Newcastle's President, Michael Romanik, said "We look forward to
receiving the results from the prospecting program to assist in the
identification of new gold targets. These targets will be assessed
for detailed mapping, ground geophysics and diamond drilling
follow-up."
The technical information herein was prepared under the
supervision of Mr. Brian Newton, P. Geo., of Billiken Management
Services Inc., who acts as Newcastle's Qualified Person as defined
by National Instrument 43-101.
Newcastle Minerals Ltd. is a Canadian gold exploration company
trading on the TSX Venture Exchange (TSX VENTURE:NCM). The company
is advancing its three key properties: the 11,100-hectare Pickle
Lake Property in northwestern Ontario, its 6,898-hectare property
located in the Swayze greenstone belt of Ontario near Trelawney
Mining and Exploration Inc.'s Cote Lake deposit, and its
120-hectare Carscallen Property in the West Timmins area of
Ontario.
ON BEHALF OF THE BOARD
Michael Romanik, President
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: Newcastle Minerals Ltd. Michael Romanik President
Direct line: (204)
724-0613info@newcastleminerals.comwww.newcastleminerals.com
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