Newcastle Commences Pickle Lake Exploration Program
October 19 2010 - 8:32AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has initiated its exploration program on its Pickle Lake
property in northwestern Ontario.
Billiken Management Services Inc. will immediately begin a
high-resolution airborne mag and VLF survey of the property.
Billiken will use a Heli-3 three-axis, helicopter-towed magnetic
gradiometer and VLF-EM system, with data interpretation services
provided by Scott Hogg and Associates Ltd. of Toronto, Ontario. The
survey block is four kilometres by 20 kilometres, with flight lines
at 75 metres oriented in a southwest-northeast direction. The
airborne program will total an estimated 1,146 line kilometres.
Billiken also expects to gather a significant amount of regional
information, which should aid Newcastle in selecting drill targets
and interpreting the structures on the Pickle Lake property against
known mineralized structures in the area.
In addition to the airborne program, Newcastle has retained
Cartwright Drilling Inc. of Newfoundland to carry out an estimated
1,500-metre diamond drilling program and a geologist has been
assigned to manage the drill onsite.
Newcastle's goal for the drilling and airborne programs is to
expand the known mineralization of the Southwest Powderhouse Zone
in the southern claim group of the Pickle Lake property, and to
search for extensions of, or relationships to, Vein No. 5, Vein No.
11, Vein No. 20 and the Riopelle Vein all located on PC Gold Inc.'s
adjacent property.
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 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 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
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) 724-0613 info@newcastleminerals.com
www.newcastleminerals.com
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