Newcastle Identifies Drill Targets on Chester Property
June 14 2011 - 8:19AM
Marketwired
Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce
that drilling has commenced at its 100% owned Chester Project
located in northwestern Ontario, Canada.
The two-unit, 30-hectare claim lies approximately one kilometre
north of Trelawney Mining and Exploration Inc.'s Cote Lake deposit,
which currently stands at 131 million tonnes averaging 1.0 g/t gold
for 4.22 million ounces of contained gold at a cut-off grade of
0.30 g/t gold. The limits of the deposit have not been defined.
A recently completed ground I.P. survey along with a combined
ground magnetic and electromagnetic survey last spring by Newcastle
identified potential extensions of mineralized structures trending
off Trelawney's ground onto Newcastle's Chester Project.
Newcastle's drilling will focus on these potential extensions, as
well as test additional magnetic, electromagnetic and I.P.
anomalies identified in the two surveys.
Ontario Geological Survey mapping from 1980 recorded both
felsic-intermediate metavolcanics with quartz veins/pods and
"migmatitic" (or intermediate-felsic intrusive) rocks listed as
massive hornblende diorite also with quartz veins. The possible
extension of the mineralized zone from Trelawney's property appears
to align itself with a coincidental Mag-VLF anomaly on Newcastle's
Chester property, which appears prospective.
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.
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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