Additional Mineralization Grade at MacLellan Mine
Toronto, ON - September 5, 2007 - Carlisle Goldfields Limited (TSX: CGJ) continues to receive assay results from Diamond drilling at the MacLellan Mine, Lynn Lake, Manitoba. The Company completed 41 drill holes in the 2006/07 Diamond drilling campaign for over 12,000 metres to date. The results of this campaign are being compiled into a digital database for purposes of modeling the mineralization and completion of a Resource Estimate with a planned Q3 target date. Drilling is expected to resume in October/07.
Drillhole 9985-2B was targeted into the centre of the Main Zone, and intersected no significant values before it broke into the mine workings. Drillhole 10000-2, only 15 metres from 9985-2B, intersected a wide mineralized zone with a number of, typically narrow, but very good grade intervals south of the Main Zone. Drillhole 10090-3 intersected mineralization and confirms the eastward extension
of the Main Zone. Drillhole 10090-4 was completed at the east end of the Main Zone and intersected the Main Zone about 50 metres above 10090-3, filling in potential resource blocks in this area. Drillhole MG07-07 was completed into the Eastmain Zone below the 370 metre level, confirming the downward extension of the Eastmain Zone. Details on geology, mineral occurrences and nature of mineralization found can be accessed through the company's technical report filed on sedar.com. Estimation of true width is not possible at this time.
Many additional assays from the mineralized area are pending for these holes and a number of others recently completed. Details of significant assay intervals are as follows:
Hole Name |
Dip |
Azimuth |
from |
to |
Core Length |
Assay Composite |
|
(deg) |
(deg) |
(m) |
(m) |
(m) |
Au (g/t) |
|
|
|
|
|
|
|
9985-2B |
-65 |
360 |
|
|
|
NSV |
|
|
|
|
|
|
|
10000-2 |
-76 |
180 |
74 |
76 |
2 |
6.67 |
|
|
|
102 |
102 |
1 |
6.10 |
|
|
|
114 |
115 |
1 |
6.58 |
|
|
|
117 |
118 |
1 |
9.05 |
|
|
|
123 |
124 |
1 |
7.10 |
|
|
|
142 |
144 |
2 |
9.94 |
|
|
|
147 |
152.75 |
5.75 |
11.01 |
|
|
|
|
|
|
|
10090-3 |
-62 |
360 |
213.48 |
214 |
2.52 |
7.41 |
|
|
|
|
|
|
|
10090-4 |
-52 |
360 |
141.25 |
143 |
1.75 |
10.57 |
|
|
|
|
|
|
|
MG07-07 |
-70 |
180 |
344 |
345 |
1 |
8.13 |
|
|
|
520 |
521 |
1 |
8.50 |
|
|
|
540 |
541 |
1 |
7.68 |
Drill core is logged, and saw split, on site. One half of the NQ diameter core is shipped to TSL Laboratories, Saskatoon, Saskatchewan, "an ISO 9001:2000" accredited laboratory, for analysis. TSL protocols include fire assay for Au and Ag with an ICP finish on a crushed and pulverized sub-sample. The MDL and upper detection limits (UDL) for Au are 5 - 1000 ppb under this protocol, and 0.2 - 50 ppb for Ag. Above the UDL a gravimetric method is used for determination on high concentrations. Where high gold values are encountered and "nugget effect" is suspected the samples are reprocessed using a "pulp and metallics" procedure.
A quality control program has been implemented to ensure best practices in the sampling and analysis of the drill core. Certified control standards, and coarse field blanks were inserted into the sample stream. A program of analysis of duplicate samples will be undertaken. Mr. Stephen Mlot, P. Eng., the President of Carlisle is the qualified person for the Company.
About Carlisle:
Carlisle Goldfields Limited, a Canadian based Gold Exploration and Development company, is the owner of three geographically diverse properties in Manitoba, Ontario and British Columbia. Carlisle's initial focus will be on its 20,000 hectare land position in the Lynn Lake Greenstone Belt of Manitoba where roughly 144,000 ounces of gold and 432,000 ounces of silver were produced between 1986 and 1989. The primary target is the former producing MacLellan Mine and the Company is building resources, and working towards a re-commencement of production at the earliest possible date.
A Resource Estimate is expected to be completed as planned in Q3. The presence of the MacLellan Mine horizon continues to be confirmed east, west, and below the mine workings. Additional mineralization has been found to the south of the mined areas.
For further information please contact:
Stephen G. Mlot, President
Carl McGill, Director, Corporate Development
Telephone: (416) 368-0028
Fax: (416) 703-3695
info@carlislegold.com
www.carlislegold.com
Renmark Financial Communications Inc.
Neil Murray-Lyon : nmurraylyon@renmarkfinancial.com
Jen Power : jpower@renmarkfinancial.com
Media - Eva Jura : ejura@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
Certain statements contained herein constitute "forward looking statements". These "forward looking statements" are based on current expectations. The nature, timing and extent of the exploration programs may materially change from current intentions for a number of reasons. Additionally, "forward looking statements" look into the future and provide an opinion as to the effect of certain events and trends on the business. "Forward looking statements may include words such as 'plans," "intends," "potential," "interpretation," and similar expressions. These "forward looking statements" including statements regarding the Company's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered, or if known and unknown risks or uncertainties affect our business, or if our estimates or ass
UMPTIONS PROVE INACCURATE. THE COMPANY ASSUMES NO OBLIGATION TO UPDATE OR REVISE ANY "FORWARD LOOKING STATEMENT," WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR ANY OTHER REASON.   
|
Carlisle Goldfields Limited
|
|
|
CODE : CGJ.TO |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Carlisle is a gold exploration company based in Canada. Carlisle holds various exploration projects in Canada. Its main exploration properties are LYNN LAKE GABBROS and MCLELLAN in Canada. Carlisle is listed in Canada and in United States of America. Its market capitalisation is CA$ 29.6 millions as of today (US$ 20.9 millions, € 19.2 millions). Its stock quote reached its lowest recent point on October 31, 2008 at CA$ 0.01, and its highest recent level on July 29, 2011 at CA$ 2.34. Carlisle has 54 830 000 shares outstanding. |