TORONTO, June 18 /CNW Telbec/ - Carlisle Goldfields Limited (TSX: CGJ)
has now completed a total of 38 drillholes for a total of 10,626 metres since
the 2007 diamond drilling program commenced at the MacLellan Mine. This total
includes a number of holes that were re-drilled as they broke into mine
workings. Drilling has been concentrated over a length of 800 metres around
the Main, Eastmain, and Nisku zones. Mineralization is known to exist over at
least 1.6 kilometres and many drill targets remain to be tested both east and
west of the mine.
Drilling continues and it is expected another 5-6 drillholes will be
completed in this phase of the program for a total in excess of 12,000 metres.
A large number of samples of mineralized sections have been taken and shipped
to TSL Labs in Saskatoon for analysis. Assay results continue to be received
and will be released periodically as this information becomes available.
The initial phase of the program is intended to confirm and expand the
"historic" resource at the Maclellan Mine, which produced 144,000 ounces of
gold and 432,000 ounces of silver between 1986 and 1989. The Company is on
track with its plan to obtain an update to its initial Technical Report, which
will include a Resource Estimate, in Q3 this year.
A second phase of drilling will be completed before year end with the
objective of increasing the size of the resource, and contributing to a
Pre-Feasibility Study being targeted for the end of the year. It is one of the
Company's objectives that much of this drilling take place underground from
the mine workings.
Analysis of the information collected to date continues and is
contributing to an improved understanding of the presence and distribution of
Gold mineralization. The presence of the MacLellan Mine horizon has now been
confirmed east, west, and up to 200 metres below the present mine workings.
Additional, parallel zones, of mineralization have been observed to the south
of the mined areas as well.
About Carlisle: Carlisle Goldfields Limited is a Canadian based gold
exploration and development company. Carlisle owns a diverse group of mining
leases and claims in the Lynn Lake Greenstone Belt of Northern Manitoba,
covering approximately 20,000 hectares. Included in the Land package are the
formerly producing BT and Farley lake Open Pit Mines as well as the
underground MacLellan Mine. Additional details about Carlisle and its projects
can be viewed on the Company's website at www.carlislegold.com.
For further information:
For further information: please contact: Stephen G. Mlot, President;
Carl j. McGill, Director Corporate Development, (416) 368-0028, Fax: (416)
703-3695, email@example.com; Renmark Financial Communications Inc.: Neil
Murray-Lyon: firstname.lastname@example.org; Michael Shore:
email@example.com; Media - Eva Jura: firstname.lastname@example.org;
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com