Carlisle Goldfields Limited – Drilling at the Maclellan Gold Mine continues to intersect multiple high grade intervals
Carlisle Goldfields 2008 Drilling program has been testing all of the known zones at the MacLellan Mine from the Nisku Zone on the east, to the Rainbow zone on the west, and below the mine workings. Drilling in the relatively under-drilled Rainbow Zone has provided a number of intervals with visible gold. This continues to be an area of interest for development of additional resources outside of the current resource envelope. Currently the deposit remains open along strike and down-dip. Significant gold mineralization to date has been encountered for 1.2 kilometres along strike and 500 metres down-dip.
Carlisle plans to commence a large scale geophysics program to aid in the delineation of the possible strike extension of the known zones and to locate possible targets in an area of similar geology immediately to the south of the mine area. This is targeted for September 2008.
The resource modeling recently completed has improved our understanding of the distribution of the gold mineralization within the resource envelope. This results in a higher percentage of the metres drilled intersecting significant gold values. Several occurrences of visible gold in the drill core have been noted by company geologists. The table below summarizes the significant results from a portion of the drilling completed. Further results are pending which will allow the company to update the existing NI 43-101 compliant resource estimate. Current plans are to initiate a scoping study in mid September 2008.
We have received assay results for drill hole MG-08-06 and MG08-14, which intersected zones of higher grade intervals in the Rainbow Zone. Drill hole MG08-07 intersected a number of significant grade intervals in the Nisku zone. Drill hole MG08-10 testing a historic intersection north of the East Main zone, intersected low gold and silver values. Drill hole MG08-12 confirmed the East Main at deeper levels. Drill hole MG08-13 intersected gold mineralization, west of the Main zone at depth.
Silver values continue to be associated in the assay intervals with the gold. It is anticipated that the silver content will contribute directly to the economics of a future mining operation.
Samples were transported directly to the TSL Laboratories in Saskatoon, Saskatchewan an accredited ISO/IEC 17025 lab and assayed using standard fire assay methods. The information contained in this news release has been reviewed and approved by Peter Karelse , P.Geo., and a Qualified Person as defined by NI 43-101.
Carlisle Goldfields Limited is a Canadian based gold exploration and development company, focused on development of its wholly owned mining leases and claims in the Lynn Lake Greenstone Belt of Northern Manitoba, covering approximately 20,000 hectares. The mid-term exploration objective is to further define and increase the resource base on all of the Company’s Lynn Lake Properties (including MacLellan) to the 800,000 to 1,200,000 ounce level. The recently announced Resource Estimate for the MacLellan Mine is an important step towards this objective. Additional details regarding Carlisle and the MacLellan Mine can be viewed on the Company’s website.
