Carlisle to Commence Phase II Diamond Drilling Program at MacLellan gold Mine

    TORONTO, Jan. 22 /CNW Telbec/ - Carlisle Goldfields Limited (TSX: CGJ)
will shortly commence phase II diamond drilling at its wholly owned MacLellan
Gold Project in Lynn Lake Manitoba where a 12,000-metre drill program in
41 holes, was completed in 2007. Initial plans call for an additional 20-25
drillholes totaling 7,500 metres. Drilling is expected to begin within
2 weeks.
    The program is intended to continue filling in and expanding the historic
resource within the former MacLellan mine framework. Targets have been
selected based on a detailed digital model of the mineralization that has been
developed for the purpose of a resource estimation, which is ongoing and being
conducted concurrent with the drilling program. For commentary on Carlisle's
pending resource estimate please refer to our press release of December 4,
2007. The modeling has outlined mineralized zones of higher grade and greater
width that can be traced over considerable length, and has greatly increased
the understanding and confidence level in the mineralized zones. Ongoing
review of the model has highlighted areas where drilling is lacking or
insufficient, and resources could be developed or upgraded by additional
drilling information.

    The Toronto Stock Exchange does not accept responsibility for the
    adequacy or accuracy of this news release.

    About Carlisle:

    Carlisle Goldfields Limited, a Canadian based Gold Exploration and
Development company, is the owner of a 20,000 hectare land position in the
Lynn Lake Greenstone Belt of Manitoba where the MacLellan mine produced
roughly 144,000 ounces of gold and 432,000 ounces of silver between 1986 and
1989. The Company is expecting to define resources in the range of 800,000 to
1,200,000 ounces of Gold on its combined Lynn Lake area land holdings. The
primary target is the former producing MacLellan Gold Mine where the Company
is working towards completion of a feasibility study in 2008 with a production
decision to follow and re-commencement of production at the earliest possible
date thereafter.


    This news release contains forward-looking statements, which can be
identified by the use of statements that include words such as "could",
"potential", "believe", "expect", "anticipate", "intend", "plan", "likely",
"will" or other similar words or phrases. These forward-looking statements,
including statements regarding the Corporation's beliefs in potential
mineralization, are based on current expectations, assumptions and projections
about future events and entail various risks and uncertainties that are beyond
the Corporation's ability to control or predict. Actual results may materially
differ from expectations as more information regarding a property is gathered
or if the Corporation's estimates or assumptions prove inaccurate. Factors
that may materially affect actual results include, but are not limited to,
political, business and economic conditions in jurisdictions where the
Corporation conducts business, and risks associated with mineral exploration
and production. The Corporation does not intend, and does not assume any
obligations, to update forward-looking statements, whether as a result of new
information, future events or otherwise. Readers should not place undue
reliance on forward-looking statements.

For further information:

For further information: Stephen G. Mlot, President; Carl McGill,
Director, (416) 368-0028, Fax: (416) 703-3695,,; Renmark Financial Communications Inc.: Neil Murray-Lyon,; Jen Power,;
Media: Eva Jura,, (514) 939-3989, Fax: (514)

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