공지 • Jun 15
Carlyle Completes Updated NI 43-101 Resource Calculation of Its 100% Owned Newton Project in BC
Carlyle Commodities Corp. announced that it has completed an updated National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") pit constrained inferred mineral resource calculation (the "Newton Resource Calculation") on its 100% owned Newton Project located in the Clinton Mining Division of the Province of British Columbia (the "Newton Project") held through its wholly-owned subsidiary Isaac Newton Mining Corp. To complete the Updated Newton Resource Calculation, an updated pit-constrained resource estimation, the Company engaged RockRidge Consulting ("RockRidge"). RockRidge is located in Maple Ridge, British Columbia, Canada and consults in Canada, USA, Africa, Asia, Oceania and Europe. The RockRidge team has a broad range of geological experience, knowledge, expertise and completes or assists in projects ranging from early-stage exploration through to development and operations. The Updated Newton Resource Calculation utilizes optimized pit shell constraints to fulfil the requirement for "reasonable prospects for eventual economic extraction." The inferred mineral resource estimate respectively contains 861,400 t. oz of Au, and 4,678,000 t. oz of Ag with an average grade of 0.63 g/t Au, a cut-off of 0.25 g/t Au throughout 42,396,600 tonnes. The Newton Project contained a historical non-pit constrained estimated mineral resource of 1.6 million ounces gold and 7.7 million ounces silver, at the inferred confidence level as reported in a NI 43-101 technical report dated effective December 19, 2012, entitled "Technical Report on the Initial Mineral Resource Estimate for the New Project, Central British Columbia, Canada", prepared by Reno Pressacco, M.Sc.(A), P.Geo., of Roscoe Postle and Associates Ltd. (the "Newton Technical Report"). The Updated Newton Resource Calculation utilizes optimized pit shell constraints to fulfil the requirement for "reasonable prospects for eventual economic extraction". The inferred mineral resource contains 861,400 oz of Au, and 4,678,000 oz of Ag with an average grade of 0.63 g/t Au, a cut off of 0.25 g/t Au throughout 42,396,600 tonnes. The Newton Project deposit remains open in multiple directions with potential for increased size, grade, and additional mineralized areas. The current and historic inferred mineral resources occupy only 7% of the area of an underling broad induced polarization ("IP") anomaly. Immediate areas for follow up include south and southwest of the current inferred mineral resource, where historic drilling has intercepted mineralized volcanics, which are not part of the Updated Newton Resource Calculation, as well as down dip to the southwest, where the mineralization remains open. Much of the large Newton Project sulphide-bearing alteration zone, as defined by Amarc Resources Ltd.'s ("Amarc") 2010 IP survey, has not been thoroughly explored. The Newton Project gold deposit lies within a northwest trending total field magnetic low that extends approximately 500 m to the northwest beyond the deposit as defined by the densest drilling, to an area where the few exploration holes returned geologically important intersections of greater than 100 ppb (0.1 g/t) Au, such as hole 92-03 that returned 54 m grading 0.50 g/t Au including 30 m grading 0.70 g/t Au, and hole 10023 that returned 39 m at 1.21 Au, indicating potential to host additional resources. In addition, to the north, mineralization in hole 12076 has not been fully explored and in the south, the mineralized intervals in hole 12086 are indicative of resource potential in this vicinity. Future work at the Newton Project may include exploration drilling at these additional targets within the 7 km hydrothermal system, as well as infill drilling to improve the grade definition and upgrade the resource classification. Newton Highlights: The Newton Project is a large, bulk tonnage, low - to intermediate-sulphidation, epithermal gold deposit with nearly 30,000 m of drilling exploring and developing the historical resource, primarily between 2009-2012. Updated inferred pit-constrained mineral resource contains 861,400 oz of Au, and 4,678,000 oz of Ag with an average grade of 0.63 g/t Au, a cut off of 0.25 g/t Au throughout 42,396,600 tonnes. The Newton Project encompasses more than 24,000 ha and contains an historical resource of 1.6 million oz Au & 7.7 million oz Ag estimated at the inferred confidence level. Carlyle believes the Newton Project represents an outstanding development project. Mineralization occurs within an 800 x 400 m area defined by drilling to depths of 560 m, with majority of holes not exceeding 300 m depth. Underlying the deposit, a large IP anomaly measures 4 km x 2 km and covers an area greater than 7 km - yet the historical inferred mineral resource occupies slightly over 0.5 km2 or just 7% of the anomaly. Gold and associated base metal mineralization precipitated in extensive zones of strong quartz-sericite alteration as well as in mafic volcanic and clastic sedimentary rocks and along fault and fracture zones. The alteration assemblages and metal associations at the Newton Project are similar the Blackwater gold project deposit of Artemis Gold Inc. ("Artemis") The Blackwater gold project, which is in construction phase, is located approximately 185 km northeast of Newton, where it is one of Canada's largest open-pit gold deposits and one of the world's largest environmental assessment approved gold development projects. Blackwater has a measured + indicated resource estimated at 11.7 million ounces Au and 122 million ounces of Ag. Qualified Person: Michael F. O'Brien, M.Sc., P.Geo. a Qualified Person, as such term is defined by NI 43-101, has reviewed the scientific and technical information that forms the basis for this news release and has approved the disclosure herein. Historical information contained in this news release cannot be relied upon Mr. O'Brien has not prepared nor verified the historical information.
