Business
Carlyle Commodities Reports Drill Results at the Mack Project, B.C., Debt Settlement & Property Transfers
Vancouver, British Columbia--(Newsfile Corp. - February 5, 2021) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) ("Carlyle" or the "Company
About this update from Carlyle Commodities Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - February 5, 2021) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: 1OZA) (OTC Pink: DLRYF) (\"Carlyle\" or the \"Company\") and its partner United Mineral Services Ltd. (\"UMS\"), a private company owned by Robert Dickinson, report the results of an initial three-hole core drilling program completed between September 14 and September 22, 2020 at their Mack copper-molybdenum-tungsten property (the \"Mack Project\") located 23 km west of the village of Dease Lake, B.C., (\"B.C.\"). Amarc Resources Ltd., an affiliate of Hunter Dickinson Inc. (\"HDI\"), operated the drill program for Carlyle and UMS. Following the completion of the drill program, Carlyle and UMS will now form a 50:50 joint venture on the Mack Project. The Mack Project drill program (the \"Mack Drill Program\") comprised three, very wide-spaced NQ core holes (totaling 583 m) designed to test separate portions of a northwest trending, coincident copper, molybdenum, tungsten and bismuth, soil geochemical anomaly measuring about 1,000 m long and 400 - 500 m wide, located on an overburden covered alpine plateau (see drill plan and copper soil anomaly maps attached). In addition, a British Columbia Ministry of Energy and Mines Open File 1999-3 lists the Mack Project area as having potential for reduced intrusion related gold systems.1 Known example deposits of that type would include Fort Knox in Alaska and Brewery Creek in the Yukon. The Mack Drill Program was designed to test the anomalous gold concentrations reported from trenching programs outlined in historical assessment reports filed with the B.C. government in 19762 and 19793 and also to determine a bedrock source for anomalous concentrations of copper, molybdenum and tungsten in soil samples collected during a 386-grid sample program completed by UMS in 2018.4 All three holes (MK2001 thru MK2003) intersected the targeted geological setting; a sheeted and stockwork vein/fracture system hosted by granodiorite. No other significant rock types were encountered. Fractures, veins, alteration and occurrences of pyrite, chalcopyrite (copper) and molybdenite (molybdenum) were similar in all three holes but their degree of development varied. Fractures and veins varied in density, alteration intensity varied from none to weak, and sulphide mineralization varied from none to local...