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Carlyle Intercepts 613.9 Meters of 0.55 g/t AuEq at Newton Project, BC, Including 18 Meters of 1.67 g/t AuEq and 33 Meters of 1.45 g/t AuEq
Vancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - CARLYLE COMMODITIES CORP. (CSE:...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Intercepts 613.9 Meters of 0.55 g/t AuEq at Newton Project, BC, Including 18 Meters of 1.67 g/t AuEq and 33 Meters of 1.45 g/t AuEqVancouver, British Columbia--(Newsfile Corp. - April 18, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: CCCFF) (\"Carlyle\" or the \"Company\") is pleased to announce that is has received assays from its third and final drill hole from its Phase 1 drill program (the \"Phase 1 Drill Program\") at its 100% owned Newton Gold-Silver Project (the \"Newton Project\") near Williams Lake, British Columbia. The Newton Project is a low sulphide epithermal system. The system remains open in multiple directions, particularly to the west, northwest, north and at depth, within a highly prospective (24,000 hectare) land package that is workable all year-round.Highlights from drill hole N23-091 include:From top of bedrock, intercepted 613.9m (from 18.1 - 632m) of continuous consistent well mineralized bulk tonnage mineralization grading 0.53 g/t Au, 1.93 g/t Ag (0.55 AuEq g/t).Higher-grade zone intercepted approximately 18m (from 35-53m) from near surface grading 1.65 g/t Au, 1.83 g/t Ag (1.67 g/t AuEq).Higher-grade zone intercepted approximately 33m (from 317-350m) grading 1.41 g/t Au, 3.44 g/t Ag (1.45 g/t AuEq).Further confirming the known mineralization extends well below the current inferred mineral resource depth limits, which opens up potential resource expansion. Drill holes N23-091 and N23-089 confirm the main mineralized felsic domain remains open at depth, as the bottom of the reported intervals from drill hole N23-091 and drill hole N23-089 are more than 150 meters apart.Much of the drill hole intercepted the permeable felsic volcanic unit conducive to gold deposition which hosts most of the inferred mineral resource. Table 1 - Assay Results N23-091Drill HoleFrom (m)To (m)Int. (m)Au (g/t)Ag (g/t)AuEq (g/t)N23-09118.1668649.90.501.870.53including18.1632613.90.531.930.55including321491170.803.060.84including3553181.651.831.67and110149390.946.101.01and272350781.073.181.11including317350331.413.441.45Intercepts are downhole core lengths. True widths are not certain. AuEq assumes Au $2,034.95 USD/Oz, Ag $25.10 $USD/Oz and utilizes formula AuEq = (Ag(g/t) * ($Au/$Ag))+Au(g/t Table 2 - Drill Collar UTM Zone 10NHoleEastingNorthingElevationAzimuthDipLengthN23-09145749757387751275220-...