Newcastle Begins Geophysical Survey of Chester Property
January 05 2011 - 9:03AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that it has commenced a ground geophysical survey at its
100-per-cent-owned Chester Project in Ontario, Canada.
The three-unit (30 hectare) claim sits roughly one kilometre
from Trelawney Resources' Cote Lake deposit and is surrounded by
Augen Gold Corp's South Swayze Project. While Trelawney continues
its successful exploration in the Cote Lake area, Augen Gold has
recently announced it will be drilling several deep holes in early
January, 2011, on the eastern part of its claim group bordering
Trelawney Resources' Cote Lake deposit.
Trelawney's project area is host to at least 12 known
mineralized structures characterized by wide zones of low to
moderate grade gold +/- copper associated with brecciated
intermediate to felsic (locally mafic) intrusive rocks. Newcastle's
Chester Project covers 30 hectares of felsic intrusive and felsic
metavolcanic rocks. Mineralization in Trelawney's project area
consists of disseminated and fracture controlled sulphides that
generally correlate to gold values. The Cote Lake deposit has now
been intersected on seven sections spaced 100 metres apart and
traced to depths of up to 500 metres. It is open along strike and
to depth on all sections.
Under the direction of Newcastle Minerals, Vision Exploration of
Timmins, Ontario, has commenced line cutting and will follow up
immediately with a three line-kilometre induced polarization (IP)
survey on the Chester Project. This IP survey follows up on a
VLF-EM and Magnetics survey that was completed in June of 2010 that
was successful in outlining several prospective areas that warrant
further exploration. Results from the VLF-EM survey may be
reflecting disseminated or semi-massive accumulations of sulphide
minerals similar to those associated with the mineralized zones on
Trelawney's Chester Project. The current IP survey will enhance the
understanding of these anomalous zones as they are often
prospective for gold and base metal mineralization.
Newcastle's president, Michael Romanik, states that "Due to the
recent exploration success of Trelawney Resources and the new
technical and geological information made available on their
website, Newcastle has decided to ramp up the exploration program
at our Chester Gold Project. This new information will help our
geologists to maximize the potential of the property. "
The technical information herein was prepared under the
supervision of Mr. Garry Clark, P. Geo., of Clark Exploration
Consulting Inc., who acts as Newcastle's Qualified Person as
defined by National Instrument 43-101 for this release.
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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