Business
Carlin Gold Updates Barrick's Drill Program at its Cortez Summit Property
Vancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Carlin Gold Corporation (TS...
About this update from Carlin Gold Corporation
[{"type":"text","content":"Carlin Gold Updates Barrick's Drill Program at its Cortez Summit PropertyVancouver, British Columbia--(Newsfile Corp. - October 25, 2017) - Carlin Gold Corporation (TSXV: CGD), (\"Carlin\" or the \"Company\") announces that Barrick Gold Exploration (\"Barrick\") has completed core hole SJV17-1D on Carlin's Cortez Summit property (\"Cortez Summit\" or the \"Property\"), Eureka County, Nevada. The vertical hole, collared near the Fourmile structural zone, was completed July 31, 2017 to a depth of 5,171 ft. Barrick has not completed its analysis of the entire hole and this update is for the upper part of the drill hole.Barrick collared their initial core hole in the southwest portion of the Property in the vicinity of Carlin's previous shallow reverse circulation holes drilled into the upper plate in 2012. This area is referred to by Carlin geologists as the Fourmile structural zone, a wide north-northwest trending corridor that has been defined on Cortez Summit by geological, geochemical and geophysical information. Barrick drill hole SJV17-1D encountered a wide 567 ft. (173m.) zone at 333-900 ft. (102-274m.) in the upper plate rocks consisting of variably clay-altered, iron-oxide stained, brecciated hornfels and lesser mudstone/siltstone, with the most intense clay alteration and iron-oxide development at 652-798 ft. (199-243m.).Associated with the alteration zone is a very thick interval, 592 ft. (180m.), of highly anomalous arsenic at 328-920 ft. (100-280 m.) averaging 484 ppm, with accompanying additional strongly anomalous Carlin-style pathfinder elements including mercury (to 17 ppm), antimony (to 173 ppm) and thallium (to 6.3 ppm). Gold values in this alteration zone include a 10 ft. (3 m.) wide zone at 694-704 ft. (211-214 m. grading 2.6 grams/tonne. Carlin geologists are encouraged that SJV17-1D has encountered strong alteration with high Carlin-style pathfinder elements and encouraging gold values along the Fourmile structural zone. These results, together with information from the Company's initial shallow 2012 drill holes in this area, add support to the target concept of Carlin-style mineralization in favorable lower plate rocks at depth. The Company entered into an Exploration and Earn-In agreement with Barrick on Cortez Summit in November 2016. Under the terms of this agreement, Barrick has the right to earn a 70% i...