Duncastle Commences Drilling at Porphyry Creek
September 29 2010 - 1:11PM
Marketwired
Duncastle Gold Corp. (TSX VENTUER: DUN)(FRANKFURT: 5D3) reported
today that it has commenced drilling on its Porphyry Creek project
located 20 kilometers northwest of Smithers, in northwest British
Columbia.
Three holes totaling 1,200 metres are planned in Duncastle's
first drill program on the property. The holes target ground
geochemical sampling and coincident geophysical anomalies located
in the area of the historic Sultana prospect. One hole targets
anomalous copper and molybdenum geochemical results reported
September 14, 2010 while a second cuts underneath the historic
drill holes and trenches and also under the anomalous copper and
molybdenum in intrusive rock identified in historic results.
Reconnaissance geology work is also planned, with a particular
focus on investigating and developing a "pipeline" of new targets
identified in the recent airborne geophysical results.
The Porphyry Creek project covers over 130 sq km of mineral
claims with historic workings and numerous high-grade gold, silver
and polymetallic showings around a distinct 10 kilometer long
magnetic high with coincident copper, lead and zinc geochemical
anomalies shown in government and Duncastle data. Data compilation
and modeling by Duncastle has demonstrated mineral zonation on the
property consistent with porphyry style deposits. There are over 20
porphyry discoveries in the region, including Berg, Bell,
Huckleberry, Mt Milligan, and Galore Creek among others, plus other
deposit types (eg Eskay Creek).
Duncastle Gold Corp. is a Vancouver based gold exploration
company with mineral claims covering or surrounding past producing
mines in two historic BC districts. Duncastle also holds the
Yankee-Dundee mine in Southeast BC with a focus on high-grade
gold-silver-lead-zinc veins just 50 km from the smelter at Trail,
BC. Duncastle has assembled contiguous claim blocks totaling more
than 190 sq km in two productive regions.
As part of the Manex Resource Group, Duncastle benefits from
shared expertise in corporate finance, public company
administration, investor relations, and the technical and
geological services provided for the eight public companies active
in North America. Since its formation in 1997, the Manex Group
companies have raised over C$250 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