Carlyle Commodities Corp (CSE:CCC, OTCQB:CCCFF) has outlined the Phase 2 drilling strategy at its 100% owned Newton Gold Project near Williams Lake, British Columbia.
The mineral exploration company said its four key objectives are to test higher grade, near surface extensions of the current inferred resource, tie in historical step-out locations from the current Inferred resource to potentially increase the Inferred resource, drill testing a fourth highly prospective felsic unit in the northwest area of the property, and continue to define the ultimate resource and development potential of the Newton project.
"There are various higher-grade near surface targets to follow up with from historical drilling close to the limits of the current 43-101 Inferred Resource, as well as an intriguing felsic volcanic unit northwest of the deposit we are very keen to test early in the next phase of drilling," Carlyle Commodities CEO Morgan Good said in a statement.
Carlyle noted the initial portion of its Phase 2 drill campaign is anticipated to include approximately seven drill holes and 1,500 meters (m) of total drilling, at an average depth of 200m per hole.
The company added that it intends to expand the drill program once work is underway and management is currently coordinating with stakeholders to begin drilling as soon as possible.
The Newton Gold Project is a low sulphide epithermal system that remains open in multiple directions, with previous owners and operators having invested over $25 million in exploration to date, Carlyle stated.
Carlyle Commodities is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. The company owns 100% of the Newton Project in British Columbia’s Clinton Mining Division.
Contact Sean at sean@proactiveinvestors.com