/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
Trading Symbol: TSXV: CQC
VANCOUVER, May 2, 2013 /CNW/ - Carolina Capital Corp. (the "Company")
(TSX Venture: CQC) is pleased to announce that it has commenced the
2013 exploration program on the GP property, located near Lytton,
British Columbia. The 1978 hectare GP property is a low sulphidation
epithermal project lying within the Spences Bridge Gold Belt of south
central British Columbia. Carolina is earning a 100% interest, subject
to a 2% Net Smelter Return Royalty, by making cash payments of $25,000,
issuing 700,000 common shares of Carolina over the next two years and
completing $100,000 in exploration expenditures.
Previous exploration by the property vendor located a linear NW trending
gold-in-soil and arsenic-in-soil anomaly in excess of three kilometres
in length trending through the heart of the property. The Carolina
program commencing today will focus on sharpening and defining this
anomaly by closely spaced soil sampling on 50 metre by 25 metre grids.
The purpose of this program will be to highlight areas for follow up
trenching and/or diamond drilling.
The Spences Bridge Gold Belt has been explored for low sulphidation
epithermal precious metal deposits since 2001.
The Company also wishes to announce that it has granted incentive stock
options to a newly appointed director of the Company to purchase up to
100,000 common shares in the capital stock of the Company. The options
are granted pursuant to the Company's stock option plan and will be
subject to applicable regulatory hold periods. The options are
exercisable up to two (2) years from May 2, 2013 at a price of $0.20
R. Tim Henneberry, P. Geo., a qualified person under NI 43-101 and a
Director of Carolina Capital Corp., has reviewed and approved the
technical content of this news release.
ON BEHALF OF THE BOARD:
President, CFO & director
Neither the TSX Venture Exchange Inc. nor its regulation services
provider (as that term is defined in the policies of The TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
SOURCE: Carolina Capital Corp.
For further information:
For further information contact Suzanne Wood at:
Telephone: (604) 687-6991
Facsimile: (604) 688-2687