Business
Carlin Gold Announces New Yukon Acquisition and Joint Venture with Constantine Metal Resources Ltd
Carlin Gold Announces New Yukon Acquisition and Joint Venture with Constantine Metal Resources Ltd
About this update from Carlin Gold Corporation
[{"type":"text","content":"\nCarlin Gold Announces New Yukon Acquisition and Joint Venture with Constantine Metal Resources Ltd\n\n\n Nov. 18, 2010 (TheNewswire.ca) -- Surrey, B.C. - Carlin Gold (TSXV:CGD) Corporation (TSX Venture, CGD)(\"Carlin\" or the \"Company\") is pleased to announce that it has joined forces with Constantine Metal Resources Ltd. (TSXV: CEM)(\"Constantine\") in a 50/50 Joint Venture to explore a block of claims in Yukon Territory, Canada and to provide an update on its gold exploration projects in Nevada, USA.Yukon Joint VentureCarlin and Constantine have recently staked 1,500 claims in the Mayo Mining District, Yukon Territory. The claims are distributed in six blocks that total 31,350 hectares (121 square miles). The staking was focused on areas with regional, geochemical stream silt anomalies with elevated values in gold, arsenic, antimony and mercury, located primarily in lower Paleozoic strata with associated carbonates. Geochemical silt values in excess of 300 ppb gold and 3,000 ppm arsenic are present on some of the staked claims.Several areas were selected to explore for ‘Carlin-type' mineralization. The discovery by Atac Resources Ltd. (TSXV:ATC) of the Osiris Zone at its Rau Project contains mineralization which is characterized as Carlin type, and emphasizes the opportunity to find other similar deposits within the Tintina Gold Belt.The staking has targeted Carlin-type opportunities. Reno, Nevada-based Bob Thomas, Carlin's V.P. Exploration, states: \"This is an exciting opportunity to explore in a relatively under-explored Carlin type setting. There are many similarities in the geochemical and geological setting of the JV claims with Nevada gold systems. We look forward to exploring these claims in such a prospective grass roots environment.\"The Company feels that its new holdings have potential for Carlin-type gold deposits similar to the new Osiris discovery. Carlin-type potential is supported by several interesting local and regional features:-Favorable regional trace element stream sediment geochemistry.-Carlin-type gold mineralization and alteration with orpiment and realgar.-Favorable carbonate bearing host rocks in the stratigraphic section.-Prominent regional scale thrust faults in the area of the new claims, similar to the regional thrust fault belts in the Carlin-type environment in Nevada-Presence of re...