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Carlyle Intercepts 198 meters of 0.50 g/t AuEq at its Newton Project, British Columbia
Vancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - CARLYLE COMMODITIES CORP. (CSE: ...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Intercepts 198 meters of 0.50 g/t AuEq at its Newton Project, British ColumbiaVancouver, British Columbia--(Newsfile Corp. - April 4, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: CCCFF) (\"Carlyle\" or the \"Company\") is pleased to announce that it has received assays from its second drill hole 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.Drill hole N23-090 was collared approximately 116 meters south of N23-089 along the southern limits of the historic drilling. It was drilled by Carlyle to test the continuity of the southern boundary of the known National Instrument 43-101 (\"NI 43-101\") inferred resource. The drill hole was successful in confirming felsic volcanic host rock contained contiguous gold and silver credits from approximately 20 meters below surface to a depth of approximately 220 meters. The feedback from this drill hole is positive for the Newton Project showing further continuity of the inferred resource around the southern border.Highlights from drill hole (N23-090) totalling 251 meters include:Confirmation that persistent gold mineralization is present from just below surface to approximately 220 meters depth near the southern boundary of the known inferred resource.Confirmation of consistent mineralization in the upper portions of the deposit where the southern boundary is irregular, but sharp.The drill hole intercepted strong silica - sericite altered felsic volcanics with disseminated pyrite - marcasite +/- sphalerite.Table 1 - Assay Results N23-090Drill HoleFrom (m)To (m)Int. (m)Au (g/t)Ag (g/t)AuEq (g/t)N23-090202512310.412.860.44including202181980.463.250.50including201881680.523.710.56including201821620.533.810.57Intercepts are downhole core lengths. True lengths are not certain. AuEq assumes Au $1985.00 USD/Oz, Ag $23.20 $USD/Oz and utilizes formula AuEq = (Ag(g/t) * ($Au/$Ag))+Au(g/t)Mr. Jeremy Hanson, VP Exploration, stated: \"We are very encouraged with this drill hole which demonstrates consistent well mineralized felsic volcanics along the southern boundary. As well we are eagerly awaiting results from drill hole N23-091 which tested the downdip exten...