Jan 18 2016
NewCastle Gold Ltd. is pleased to announce the filing of its technical report entitled "NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Castle Mountain Project, San Bernardino County, California, USA", dated January 15, 2016, prepared by James N. Gray, P.Geo. of Advantage Geoservices Ltd., R. Bob Singh, P.Geo. of North Face Software Ltd., William J. Pennstrom, Jr., Registered Member/SME of Pennstrom Consulting Inc., Kevin Kunkel, P.Geo. and Ian R. Cunningham-Dunlop, P.Eng., in accordance with disclosure and reporting requirements set forth in the Canadian Securities Administrators' National Instrument 43-101, "Standards of Disclosure for Mineral Projects".
Mr. Gray, Mr. Singh and Mr. Pennstrom are independent Qualified Persons as defined by NI 43-101. The Company previously disclosed the updated mineral resource estimate in a news release dated December 2, 2015.
The Mineral Resource estimate includes a Measured Mineral Resource of 17.4 million tonnes grading 0.86 g/t gold and containing 0.48 million ounces of gold, an Indicated Mineral Resource of 202.5 million tonnes grading 0.57 g/t gold and containing 3.71 million gold ounces and an Inferred Mineral Resource of 40.8 million tonnes grading 0.58 g/t gold and containing 0.76 million gold ounces.
Source: http://www.newcastlegold.ca/