Business
Carlyle Intercepts 689 Metres of 0.51 g/t Gold at Newton Project, British Columbia, Including 30 Metres of 1.24 g/t Gold Directly Below Current Inferred Resource
Vancouver, British Columbia--(Newsfile Corp. - March 15, 2023) - CARLYLE COMMODITIES CORP. (CSE:...
About this update from Carlyle Commodities Corp.
[{"type":"text","content":"Carlyle Intercepts 689 Metres of 0.51 g/t Gold at Newton Project, British Columbia, Including 30 Metres of 1.24 g/t Gold Directly Below Current Inferred ResourceVancouver, British Columbia--(Newsfile Corp. - March 15, 2023) - CARLYLE COMMODITIES CORP. (CSE: CCC) (FSE: BJ4) (OTCQB: DLRYF) (\"Carlyle\" or the \"Company\") is pleased to announce that is has received assays from its first 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.This first hole completed by Carlyle was drilled to test the continuity of the main mineralized felsic volcanic domain, which historically had not been adequately tested below approximately 500 meters depth. The hole was successful in confirming the felsic domain is much more extensive than previously understood. The positive feedback of this initial hole is a key step in confirming the Newton Gold-Silver Project hosts numerous opportunities to potentially expand the current inferred resource and define new mineralized zones. Drill hole (N23-089) totalling 1,001 meters has confirmed continuity of the well mineralized main felsic volcanic domain, which remains open at depth and in multiple directions. Below are some highlights describing the entire hole. Highlights include:From top of bedrock, intersected 689m (18 - 707m) of continuous consistent well mineralized bulk tonnage mineralization grading 0.51 g/t Au, 1.48 g/t Ag (0.52 AuEq g/t).Higher grade zone discovered approximately 50 metres below the current resource grading 1.24 g/t Au, 1.16 g/t Ag over 30m (413 - 443m)Extends the known mineralization approximately 345 m beyond the inferred resource limits, opening up significant volumes of rock for potential resource expansion. Much of the drill hole intercepted the permeable felsic volcanic unit conducive to gold deposition, which hosts the majority of the inferred resource. Table 1 - Assay Results N23-089 Drill HoleFrom (m)To (m)Int. (m)Au (g/t)Ag (g/t)AuEq (g/t)N23-089187076890.511.480.52including185665480.601.750.62including184664480.672.030.69including413443301.241.611.26 Intercepts are downhole core lengths. True lengths are not certain. AuEq assumes Au $1872.7 U...