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Duncastle Receives Geophysical Report on Drayton Gold Project

Duncastle Gold Corp. ("Duncastle") reported today that it has received the final data and maps from a detailed, helicopter-borne electromagnetic and magnetic survey completed by Fugro Airborne Surveys on its recently acquired Drayton gold project, located 10 kilometers south of Sioux Lookout and 70 kilometers east of Dryden in northwest Ontario.

The survey is particularly informative as the property, which lies on an emerging high-grade gold trend and is on strike with Tamaka Gold Corp's Goldlund project and Treasury Metal Inc's Goliath project to the southwest as well as Duncastle's recently optioned Black Lake project to the northeast, has previously seen only very regional geophysical studies. Typical of the region, much of the Drayton project is occluded by extensive but shallow ground cover and therefore remains largely unexplored by past drilling campaigns.

Initial analysis of the current survey has revealed a possible dilation zone within the Sioux Lookout fault system with significant structural disturbance indicative of both alteration and deformation. These in turn present excellent targets for follow-up by subsequent geological studies and potential drilling programs later in 2013 as excellent exploration potential is believed to exist for high-grade gold mineralization similar to that found elsewhere in the Wabigoon Archean greenstone belt.

A full structural and geophysical interpretation of the airborne geophysics is underway; additional targets and a thorough ground investigative program are now being developed.


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