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Barrick Announces a 3.5 Million Oz Gold Discovery Next to Carlin's Cortez Summit Project; Drilling Planned
(via Thenewswire.ca) Vancouver, British Columbia - Carlin Gold Corporation (TSX Venture, CGD)...
About this update from Carlin Gold Corporation
[{"type":"text","content":"\nBarrick Announces a 3.5 Million Oz Gold Discovery Next to Carlin's Cortez Summit Project; Drilling Planned\n\n(via Thenewswire.ca)\n\n \nVancouver, British Columbia - Carlin Gold Corporation (TSX Venture, CGD), (\"Carlin\" or the \"Company\") is pleased to provide an update and review of its 100% owned Cortez Summit property, which consists of 142 claims located on the Cortez trend in Nevada. Yesterday Barrick announced two new gold discoveries, Red Hill and Goldrush, on property adjacent to the Cortez Summit claims. The closer Red Hill discovery is reported to contain 3.5 million ounces of gold at a grade of 0.123 oz/ton. One of the better holes at Red Hill contains 194 feet grading 0.90 ounces per ton gold, and is located 2,000 meters south-southwest of the Cortez Summit claims. Barrick states that the geology is similar to its other deposits in the district. Barrick's operating Cortez Hills mine is located 6.5 kilometers west of the Cortez Summit claims.\n\n\n \nThe Company's primary focus at Cortez Summit is for Carlin-style mineralization in a geological setting similar to that at the Cortez Hills mine and the Red Hill discovery. Several untested drill targets have been defined at Cortez Summit and a drill permit application is in progress. An untested conceptual structural and stratigraphic target exists in the upper limestone and Horse Canyon members of the Wenban Formation at depth in proximity to north-south trending structural zone on the west side of the property that may represent the northward projection of important structural features at the Red Hill discovery. Much of this target is blind, being covered by post-mineral gravel and basaltic andesite. Sampling along this structural zone has yielded gold values of 447 and 263 ppb on the west edge of the property in altered Horse Canyon rocks. The most favorable area to test the target concept is in the southwest portion of the property in the vicinity of the west side north-south structural zone and/or Red Hills fault zone structures.\n\n\n \nThe Cortez gold trend exceeds 29 million ounces total gold produced, reserves and resources. Production at Barrick's Cortez district's 2010 operations is reported to be 1.14 million ounces of gold, which included the start of production at Cortez Hills. The two new discoveries illustrate that this significant gold district con...