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Carlyle Completes Phase 1 Drilling at Its Newton Gold Silver Project; Awaiting Assay Results
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - CARLYLE COMMODITIES CORP. (CSE: ...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Completes Phase 1 Drilling at Its Newton Gold Silver Project; Awaiting Assay ResultsVancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce that is has completed its Phase 1 diamond drill program at its 100% owned Newton Gold Silver Project near Williams Lake, British Columbia. The Newton Gold Silver Project is a low sulphide epithermal system. The system remains open in multiple directions, within a highly prospective land package that is workable year-round.The Company's Phase 1 diamond drill program was intended to test high priority targets with aims of increasing both tonnage and ounces of the Company's current National Instrument 43-101 - Standards of Disclosure for Mineral Projects (\"NI 43-101\") pit-constrained inferred mineral resource estimate (for further information, see the technical report entitled \"Technical Report on the Updated Mineral Resource Estimate for the Newton Project, Central British Columbia, Canada\" dated effective June 13, 2022, available on www.sedar.com and at www.carlylecommodities.com (the \"Technical Report\")). The initial focus tested a key zone of felsic volcanic host rock that is outside of the current pit-constrained inferred mineral resource estimate with the intention of discovering a new zone of mineralization, particularly at depth below the current inferred resource. For further clarity, the current inferred resource is primarily hosted in the felsic volcanic units at Newton (see the Technical Report for further information).The main objective of drill hole #1 (N23-089) and drill hole #3 (N23-091) was to test continuity and dip of the well mineralized main felsic domain, which remains open at depth below approximately 500 meters of historical drilling. Carlyle successfully completed drill hole #1 by drilling to a depth of 1,001 meters directly through the current inferred resource and extending to untested sections of the felsic domain at depth. Visual reports indicate that much of the host rock encountered throughout the entire 1,001 meters of drill length encompasses the felsic volcanic unit, which historically hosted much of the gold and silver mineralization within the current inferred resource (see the Technical Report for further information). ...