Jun. 23, 2010 (Baystreet.ca) --
Mining MarketWatch Journal has published a review on Duncastle Gold Corp. (TSX VENTURE: DUN) (Frankfurt: 5D3). The review offers insight and opportunity afforded investors as Duncastle undertakes its 2010 exploration program on its Porphyry Creek copper-gold project in British Columbia, Canada. Porphyry Creek is in a region noted for sizeable copper-gold porphyries and this specific property has mineral zonation consistent with a porphyry deposit model. Duncastle will be targeting a large Cu-Au porphyry target characterized by large magnetic anomaly with high-grade veins.
Duncastle also possesses the Yankee-Dundee Mine/Ymir Camp gold project in S.E. British Columbia, Canada which offers near term/accelerated cash flow potential. DUN.V has been grooming the high-grade gold-silver vein system at Yankee-Dundee Mine near Trail BC for gold operation again. As part of the Manex Resource Group Duncastle Gold Corp. is secure in all areas necessary to facilitate a successful mining entity, including funding and skilled technical leadership required to take the Yankee-Dundee Mine towards a million+ ounce gold target.
The full review and valuation commentary may be found at: http://miningmarketwatch.net/dun.htm online.
Excerpts
With only ~48M shares outstanding and trading under CDN$0.10 Duncastle Gold Corp. is poised for significant upside revaluation as Duncastle has two projects of significance in British Columbia Canada, with near term accelerated production potential at one and large blue-sky discovery potential at the other;
1) 100% owned Porphyry Creek, N.W. British Columbia: The property will be the main focus of exploration expenditures by the Company in 2010. Porphyry Creek is in a region noted for sizeable copper-gold porphyries and this specific property has mineral zonation consistent with a porphyry deposit model. Duncastle will be targeting a large Cu- Au porphyry target characterized by large magnetic anomaly with high-grade veins.
- 115 sq km property with multiple high-grade silver, gold and base metal occurrences.
- Over 15 separate mineral occurrences on the property.
- 10km long magnetic anomaly with high grade veins:
– Rock samples up to 2,566g/t silver (2008).
– Historic trench samples to 2,057g/t silver and 7.5g/t gold over a 2.7m width, 16m strike.
– Historic drill results with 638g/t silver, 1.03g/t gold and 9.06% copper over 0.6m with a 46m strike.
- Many large and very large porphyry deposits within 150km.
- Close to road (highway) and rail access, and power. Existing mine roads on property.
2) 100% owned Yankee-Dundee Mine/Ymir Camp, S.E. British Columbia: Duncastle has nurtured along their Yankee-Dundee high-grade gold-silver project in S.E. British Columbia, Canada since going public in late 2007, advancing the project to the point where it now represents a near term cash flow scenario. Material from the Yankee-Dundee project can be extracted and transported to area mills that have capacity. The attraction of the project is the fact the costs for going underground appear miniscule; Mining MarketWatch Journal projects the costs at possibly ~US$250,000 per adit. With assistance from the proven exploration and ounce building capability of the Manex Resource Group, Duncastle has drilled over 7,700m in 48 holes, found numerous extensions of the old mine(s), and recorded impressive grades within the core of the most advanced shoot (the Yukon shoot) at 3.23 metres of 14.1g/t gold, 281g/t silver, 11.1% lead and 12.6% zinc - all part of a broader zone with very good grades. As the largest mine in the Ymir camp, the Yankee-Dundee mine is a significant past producer -- Mining MarketWatch Journal's opinion now based on historic underground work/mining done on the project in 1961 is that the grade continues at depth near existing workings and is underexplored. Duncastle has been consolidating properties in the area over the last several years to the point they now control most of the historic Ymir Camp which was at one time the largest silver producer in the British Commonwealth (BC MEMPR Bulletin 109, 2001).
This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL.
Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal
editor@miningmarketwatch.net
