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Technical Report on New Carolin's Ladner Gold Project

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Luke_McCain   Thursday, 05/12/16 12:33:37 PM
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Technical Report on New Carolin's Ladner Gold Project

Quote:
The Carolin Mine property is a past producing mine with considerable unexplored potential to add additional Mineral Resources. The property encompasses over 14,000 hectares of prospective ground, including five past producing mines and numerous mineralized showings and historically explored zones.

This potential may be reported within a range of 5.0 to 5.6 million tonnes, grading between 4.2 to 4.8 gpt gold at a 2.5 gpt gold grade cutoff, or between 0.9 to 1.1 million tonnes grading between 8.0 to 9.0 gpt gold, at a 5.0 gpt gold grade cutoff. This potential quantity and grade of mineralization is conceptual in nature and there has been insufficient exploration work done to define this potential as a mineral resource and it is uncertain if further exploration will result in this potential quantity and grade being realized, in whole or in part, as a mineral resource. The range of tonnage and grade noted above has been outlined using all available property mining and exploration data for the Carolin zone. This data was built into a geological model and extrapolated in a reasonable manner to provide an exploration target for the work here recommended. The principal work requirement for advancing this property is a comprehensive program of strategic underground diamond drilling. This work is fundamental to confirming and quantifying the extent of gold mineralization within Carolin zone, such that a comprehensive and updated geological block model can be constructed for on-going mineral resource calculations.



Complete 88-page PDF available at:

http://newcarolingold.pubco.net/wp-content/uploads/2016/03/Technical_Report_on_the_New_Carolin_Gold_Corporation_May_2015.pdf

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