Results for the second hole conducted under a phase one drill program by Carlyle Commodities (CSE: CCC) at its Newton Gold-Silver project in BC has been released.
The second hole under the small program was designed to testing continuity of the southern boundary of the current resource on the project. Highlights from the hole include:
- N23-090: 0.41 g/t gold, 2.86 g/t silver over 231 metres from 20 metres
- Including 0.46 g/t gold, 3.25 g/t silver over 198 metres from 20 metres
- Including 0.52 g/t gold, 3.71 g/t silver over 168 metres from 20 metres
The hole is said to have successfully demonstrated continuity of the current inferred resource, while confirming consistent mineralization in the upper portions of the deposit. The hole itself was drilled to a depth of 251 metres, 116 metres south of hole N23-089, which intersected 689 metres of 0.51 g/t gold and 1.48 g/t silver from 18.0 metres.
“Drilling approximately 200 meters from near surface of half a gram gold shows again the consistency and continuity of gold in this known inferred resource. Carlyle’s team is very pleased to demonstrate another positive intercept and is eager to see what remaining assays will tell us as we begin planning strategy around a Phase 2 campaign,” commented CEO Morgan Good.
The company is currently awaiting the results of the final drill hole conducted under the phase one program.
Carlyle Commodities last traded at $0.145 on the CSE.
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