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Carlyle Commodities Files Notice of Work on the Newton Gold-Silver Project
Vancouver, British Columbia--(Newsfile Corp. - May 17, 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. - May 17, 2021) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce a 5-year Notice of Work application was filed this past February under the Mines Act for a Permit which, once granted, will allow for the commencement of a drilling campaign on the 100% owned Newton Gold-Silver Project. The Permit will initially allow for 50 drill site locations and can be expanded upon as work progresses. Newton covers approximately 24,000 contiguous hectares of generally flat-lying topography, located approximately 100 km west-southwest of Williams Lake in south-central British Columbia, Canada. The area is accessible year-round. The Newton Gold-Silver Project contains an historical mineral resource estimated at the inferred confidence level of 1.6 million ounces gold, and 7.7 million ounces silver, as reported in a NI 43-101 technical report effective dated December 19, 2012, entitled \"Technical Report on the Initial Mineral Resource Estimate for the Newton Project, Central British Columbia, Canada\", prepared by Reno Pressacco, M.Sc.(A), P.Geo., of Roscoe Postle and Associates Ltd (see description below). Morgan Good, President and Chief Executive Officer of Carlyle, commented, \"The summer field season is nearly here, and we can feel the excitement building as we prepare for our initial exploration and drilling program on the 100% owned Newton Gold-Silver Project. We are fully committed towards this as our flagship asset and the expansion of the bulk tonnage, open-pitable historical mineral resource outlined and estimated at the inferred confidence level of 1.6 million ounces gold, and 7.7 million ounces silver. The Blackwater Gold Project owned by Artemis Gold Inc. is approximately 185 km's northeast of Newton, and boasts and incredible measured + indicated resource estimated at 11.7 million ounces gold and 122 million ounces of silver. Carlyle and its team believe there are many similarities between both projects and is extremely bullish that 2021 will be a year of immense opportunity and success for the Company, particularly as we see the precious metals sector improving and various investment sectors flocking into the space.\" Highlights The Newton Project is a large, bulk tonnage, low - to intermediate-sulphidation, e...