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Information on New Carolin Gold's Ladner Gold Project

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Luke_McCain   Thursday, 05/12/16 12:28:58 PM
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Information on New Carolin Gold's Ladner Gold Project

The Ladner Gold Project houses 730,000 ounces of inferred gold resources, and is housed in the Coquihalla Gold Belt in southwestern British Columbia, which is believed to have multimillion-ounce potential.

New Carolin has consolidated a 100% ownership of the 144-square-kilometre contiguous land package, which includes the Carolin mine, one of five historical mines (4 operating) and 30 known high-grade gold occurrences and numerous artisan mining activities since 1890.

The Arum Mine located 300 meters south of the existing Carolin Mine recorded 525 oz au from 495 tons in 1910 and 1925.

The Emancipation gold mine active between 1916 and 1941 recorded 2800 oz gold from a total of 1158 tonnes mined. Located 3 Km's south of the Carolin.

The Pipestem mine located 3 km north of the Carolin Mine recorded production of 8460 grams gold from 1500 tonnes between 1935-1937.

The Carolin Mine, in production from 1982-1984 (27 months) recorded 44,000+ oz au from 880,000 tons.

Brownfield exploration in 2016 is focussed on the Carolin Mine (Idaho Zone) and the McMaster Zone.

There are currently 7 known gold zones and exploration targets on the Ladner Gold Project, none of which has been explored utilizing modern day exploration techniques or know how. In addition to work and drilling planned at the Carolin and McMaster zones in 2016, the Company will undertake exploration at two other known targets as part of the this years work plan.

There is an abundant supply of fresh water adjacent to the mill site and near all development targets. New Carolin has valid water licenses.

Annual water sampling conducted since 2009 of tailings outlet, portals and creeks indicate no hazardous levels of elements of concern including Fe, Cu, Zn, Pb, As.

Current mine permit (M-138) issued in 1981 with no expiration date (registered in the name of New Carolin Gold Corp).

Existing exploration permit in place (MX-7-185).

The company also completed a private placement financing in the amount for $1,126,000 and approximately $750,000 is allocated for exploration in 2016.


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