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Carlyle Commodities Contracts Consulting Team to Conduct Next Phase Drilling Campaign at Newton Gold Project
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2021) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) ("Carlyle" or the "Company") i
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 3, 2021) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce that Hardline Exploration Corp. of Smithers, B.C. has been contracted to design, implement, and oversee the next phase of drilling planned for at our 100% owned Newton Gold Project. The Newton Gold Project contains an historical estimated mineral resource of 1.6 million ounces gold and 7.7 million ounces silver, at the inferred confidence level as reported in a NI 43-101 technical report dated effectively December 19, 2012, entitled \"Technical Report on the Initial Mineral Resource Estimate for the New Project, Central British Columbia, Canada\", prepared by Reno Pressacco, M.Sc.(A), P.Geo., of Roscoe Postle and Associates Ltd. Highlights The Newton Project is a large, bulk tonnage, low - to intermediate-sulphidation, epithermal gold deposit with nearly 30,000 m of drilling exploring and developing the historical resource, primarily between 2009-2012. Newton encompasses more than 24,000 Ha and contains an historical resource of 1.6 million oz Au & 7.7 million oz Ag estimated at the inferred confidence level. Carlyle believes Newton represents an outstanding development project. Mineralization occurs within an 800 x 400 m area defined by drilling to depths of 560 m, with the majority of holes not exceeding 300m depth. Underlying the deposit, a large IP anomaly measures 4 km x 2 km and covers an area greater than 7 sq/km - yet the historical resource occupies slightly over 0.5 sq/km or just 7% of the anomaly. Gold and associated base metal mineralization precipitated in extensive zones of strong quartz-sericite alteration as well as in mafic volcanic and clastic sedimentary rocks and along fault and fracture zones. The alteration types and metal associations at Newton are similar to large epithermal gold deposits elsewhere in British Columbia including Blackwater (Artemis Gold Inc), New Prosperity (Taseko Mines Ltd) and Brucejack (Pretium Resources Inc) deposits. The very large Blackwater Gold Project is the most proximal of those deposits located approximately 185 km northeast of Newton, where it is one of Canada's largest open-pit gold deposits and one of the world's largest environmental assessment (EA) approved gold development projects. ...