Nov 2 2010
Greencastle Resources Ltd. (TSX VENTURE:VGN) announces that the Company has completed a state-of–the-art detailed heli-borne magnetic and EM geophysical survey to define targets for follow up exploration on the company's Nechako property, where Greencastle has an option to acquire a 100% interest in the property, covering approximately 13,000 ha (28 claims), in the Nechako Plateau region of BC.
The property is located in the same general area where Richfield Ventures Corp. is currently delineating a bulk tonnage gold deposit at its Blackwater project.
Additionally, Greencastle has engaged Douglas McKay & Associates ("DMA") to provide investor relations services for the company, subject to the approval of the TSX Venture Exchange. DMA currently provides investor relations services to Richfield Ventures Corp. under a contract that expires in April, 2011.
The agreement between the company and Douglas McKay & Associates provides for a monthly retainer of $5,000 for a period of one year and an option grant of one hundred and fifty thousand (150,000) options at an exercise price of $0.20, to vest according to TSX-V policy.
Source: Greencastle Resources Ltd.