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Newcastle Minerals Ltd. (TSXV:NCM) reported an update on its properties located in the South Swayze Greenstone belt of Ontario.
As quoted in the press release:
This summer, Newcastle completed a drill program of four holes (1,050 meters) focusing on targets on the eastern portion of the Chester property. While no significant gold assays were returned, anomalous gold values were encountered associated with variable degrees of sulphide mineralization, alteration and fracturing in intermediate intrusive and occasionally intermediate-to-mafic metavolcanic rocks. The alteration and fracturing encountered during drilling may be associated with the “Ridout Deformation Zone,” which is an important structural element in the area as described in Trelawney Mining and Exploration Inc.’s National Instrument 43-101 technical report on the Cote Lake deposit.
Click here to read the Newcastle Minerals (TSXV:NCM) company press release.
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