TORONTO, Aug. 14 /CNW Telbec/ - Carlisle Goldfields' (TSX: CGJ) 2008
Drilling program has been testing all of the known zones at the MacLellan Mine
from the Nisku Zone on the east, to the Rainbow zone on the west, and below
the mine workings. Drilling in the relatively under-drilled Rainbow Zone has
provided a number of intervals with visible gold. This continues to be an area
of interest for development of additional resources outside of the current
resource envelope. Currently the deposit remains open along strike and
down-dip. Significant gold mineralization to date has been encountered for 1.2
kilometres along strike and 500 metres down-dip.
Carlisle plans to commence a large scale geophysics program to aid in the
delineation of the possible strike extension of the known zones and to locate
possible targets in an area of similar geology immediately to the south of the
mine area. This is targeted for September 2008.
The resource modeling recently completed has improved our understanding
of the distribution of the gold mineralization within the resource envelope.
This results in a higher percentage of the metres drilled intersecting
significant gold values. Several occurrences of visible gold in the drill core
have been noted by company geologists. The table below summarizes the
significant results from a portion of the drilling completed. Further results
are pending which will allow the company to update the existing NI 43-101
compliant resource estimate. Current plans are to initiate a scoping study in
mid September 2008.
We have received assay results for drill hole MG-08-06 and MG08-14, which
intersected zones of higher grade intervals in the Rainbow Zone. Drill hole
MG08-07 intersected a number of significant grade intervals in the Nisku zone.
Drill hole MG08-10 testing a historic intersection north of the East Main
zone, intersected low gold and silver values. Drill hole MG08-12 confirmed the
East Main at deeper levels. Drill hole MG08-13 intersected gold
mineralization, west of the Main zone at depth.
Silver values continue to be associated in the assay intervals with the
gold. It is anticipated that the silver content will contribute directly to
the economics of a future mining operation.
Hold Local Dip From To Core Au Ag
ID Azimuth (deg) (m) (m) Length(*) g/t g/t
MG08-06 175 -70 200.00 203.00 3.00 7.75 19.13
228.00 229.00 1.00 17.35 5.00
261.00 263.00 2.00 25.56 6.80
MG08-07 355 -55 122.20 123.20 1.00 5.86 5.80
140.00 141.00 1.00 15.23 5.50
161.28 163.60 2.32 19.40 2.51
198.00 199.00 1.00 11.25 8.60
207.50 209.00 1.50 25.96 174.23
MG08-12 175 -67 593.00 594.00 1.00 6.96 20.00
MG08-13 355 -67 457.00 458.00 1.00 5.28 3.60
464.00 465.00 1.00 5.66 12.60
MG08-14 355 -55 308.00 309.00 1.00 10.56 2.10
399.00 400.00 1.00 9.36 5.10
426.00 427.00 1.00 5.73 4.40
(*) true width is not yet determined.
Samples were transported directly to the TSL Laboratories in Saskatoon,
Saskatchewan an accredited ISO/IEC 17025 lab and assayed using standard fire
assay methods. The information contained in this news release has been
reviewed and approved by Peter Karelse , P.Geo., and a Qualified Person as
defined by NI 43-101.
About Carlisle: Carlisle Goldfields Limited is a Canadian based gold
exploration and development company, focused on development of its wholly
owned mining leases and claims in the Lynn Lake Greenstone Belt of Northern
Manitoba, covering approximately 20,000 hectares. The mid-term exploration
objective is to further define and increase the resource base on all of the
Company's Lynn Lake Properties (including MacLellan) to the 800,000 to
1,200,000 ounce level. The recently announced Resource Estimate for the
MacLellan Mine is an important step towards this objective. Additional details
regarding Carlisle and the MacLellan Mine can be viewed on the Company's
For further information:
For further information: Carl J. McGill, President, (416) 368-0028, Fax:
(416) 703-3695, email@example.com, www.carlislegold.com; Renmark Financial
Communications Inc.: Neil Murray-Lyon: nmurraylyon@ renmarkfinancial.com; Jen
Power: firstname.lastname@example.org; Media - Eva Jura:
email@example.com, (514) 939-3989, Fax: (514) 939-3717,