TORONTO, Aug. 28 /CNW Telbec/ - Carlisle Goldfields Limited (TSX: CGJ)
continues to receive assay results from diamond drilling at the MacLellan
Mine, Lynn Lake, Manitoba. The Company completed 41 drill holes in the 2006/07
diamond drilling campaign for over 12,000 metres to date. The results of this
campaign are being compiled into a digital database for purposes of modeling
the mineralization and completion of a Resource Estimate with a planned Q3
target date. Drilling is expected to resume in October/07.
Drillhole MG07-06 was targeted to the East of previously reported values
in the Nisku Zone, and intersected no significant values. While this defines
the eastern edge of the Nisku Zone, additional Nisku style mineralization is
found about 100 metres east of this hole. Drillhole TAS8422 intersected a
number of, typically narrow, but very good grade intervals in the Nisku Zone
before breaking into the mine workings. Drillhole TA803 intersected a number
of mineralized intervals near surface and confirms the upward extension of the
Main Zone. Drillhole 9925-03 was completed at the West end of the Main Zone
and intersected a series of narrow high grade zones to the south, as well as
the Main Zone. Details on geology, mineral occurrences and nature of
mineralization found can be accessed through the company's technical report
filed on sedar. Estimation of true width is not possible at this time.
Many additional assays from the mineralized area are pending for these
holes and a number of others recently completed. Details of significant assay
intervals are as follows:
Hole Core Assay
Name Dip Azimuth from to Length Composite
(deg) (deg) (m) (m) (m) Au (g/t)
TA803 -51 357 19 23 4 3.34
27 31.6 3.1 4.75
72 73 1 8.46
TAS8422 -56 182 166 168.6 2.6 11.95
172.9 175 2.1 13.25
201.5 204 2.5 15.54
257 258.5 1.5 36.96
9925-03 -70 0 87.64 89 1.36 11.24
207.25 211.25 4 7.78
299 306 7 11.35
312 315.6 2.6 6.43
330.71 332.71 2 6.47
Drill core is logged, and saw split, on site. One half of the NQ diameter
core is shipped to TSL Laboratories, Saskatoon, Saskatchewan, "an ISO
9001:2000" accredited laboratory, for analysis. TSL protocols include fire
assay for Au and Ag with an ICP finish on a crushed and pulverized sub-sample.
The MDL and upper detection limits (UDL) for Au are 5 - 1000 ppb under this
protocol, and 0.2 - 50 ppb for Ag. Above the UDL a gravimetric method is used
for determination on high concentrations. Where high gold values are
encountered and "nugget effect" is suspected the samples are reprocessed using
a "pulp and metallics" procedure.
A quality control program has been implemented to ensure best practices
in the sampling and analysis of the drill core. Certified control standards,
and coarse field blanks were inserted into the sample stream. A program of
analysis of duplicate samples will be undertaken. Mr. Stephen Mlot, P. Eng.,
the President of Carlisle is the qualified person for the Company.
Carlisle Goldfields Limited, a Canadian based Gold Exploration and
Development company, is the owner of three geographically diverse properties
in Manitoba, Ontario and British Columbia. Carlisle's initial focus will be on
its 20,000 hectare land position in the Lynn Lake Greenstone Belt of Manitoba
where roughly 144,000 ounces of gold and 432,000 ounces of silver were
produced between 1986 and 1989. The primary target is the former producing
MacLellan Mine and the Company is building resources, and working towards a
re-commencement of production at the earliest possible date.
A Resource Estimate is expected to be completed as planned in Q3. The
presence of the MacLellan Mine horizon continues to be confirmed east, west,
and below the mine workings. Additional mineralization has been found to the
south of the mined areas.
Certain statements contained herein constitute "forward looking
statements". These "forward looking statements" are based on current
expectations. The nature, timing and extent of the exploration programs may
materially change from current intentions for a number of reasons.
Additionally, "forward looking statements" look into the future and provide an
opinion as to the effect of certain events and trends on the business.
"Forward looking statements may include words such as "plans," "intends,"
"potential," "interpretation," and similar expressions. These "forward looking
statements" including statements regarding the Company's beliefs in the
potential mineralization, are based on current expectations and entail various
risks and uncertainties. Actual results may materially differ from
expectations as more information regarding the property is gathered, or if
known and unknown risks or uncertainties affect our business, or if our
estimates or assumptions prove inaccurate. The Company assumes no obligation
to update or revise any "forward looking statement," whether as a result of
new information, future events or any other reason.
For further information:
For further information: Stephen G. Mlot, President; Carl McGill,
Director, Corporate Development, (416) 368-0028, Fax: (416) 703-3695,
email@example.com; www.carlislegold.com; Renmark Financial Communications
Inc.: Neil Murray-Lyon: firstname.lastname@example.org; Jen Power:
email@example.com; Media - Eva Jura: firstname.lastname@example.org;
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com