New Carolin Gold Corp. Update

Richard (Rick) Mills
aheadoftheherd.com

 

As a general rule, the most successful man in life is the man who has the best information

 

New Carolin Gold Corp. TSX.V has completed its transaction with Deloitte Restructuring Inc., in its capacity as court-appointed receiver to the assets of Century Mining Corp., and has acquired 100 per cent of the Ladner gold project.

 

New Carolin has consolidated a 100 per cent ownership of the 144-square-kilometre contiguous land package, which includes the Carolin mine, under one roof.

 

The company also completed a private placement financing in the amount for $1,126,000 and approximately $750,000 is allocated for exploration in 2016.

 

Near-term plans include:

  • Updating a 3-D geological model created in the fall of 2014 with detailed geological and structural mapping and surveying of the underground and surface areas. The preliminary 3-D model has provided a more thorough understanding of the Carolin mine gold mineralization and, with the additional work during this program, will provide clear exploration targets for drilling of new areas, as well as within the resource areas.
  •  

    Recommendations in the current technical report indicate that a 3-D geological model will assist with grade and geological controls to the resource estimate. The 3-D model was not available to assist with guiding estimation in the company's latest resource estimate. As a result, not all available data were used, as potential grade boundaries were established without key structural and geological controls.

  • A diamond drill program with specific targets and objectives will follow the first phase of mapping and surveying at the Idaho zone (which includes the Carolin mine and former Aurum mine) and at the McMaster zone, which is 1.2 kilometres northwest of the Carolin mine along the Hozameen fault.
  • The company also plans to undertake exploration work at two of the several additional known mineralized gold zones located on the Ladner gold project.

Consolidating ownership of this key land package is a major milestone for the company. The Ladner gold project has been vastly underexplored and has considerable upside potential for increasing gold resources. A capable technical team has been assembled to execute development objectives.

 

It’s my opinion New Carolin should be on every precious metal investors radar screen.

 

 

Richard (Rick) Mills

 

aheadoftheherd.com

 

Richard lives with his family on a 160 acre ranch in northern British Columbia. He invests in the resource and biotechnology/pharmaceutical sectors and is the owner of Aheadoftheherd.com. His articles have been published on over 400 websites, including:

 

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Legal Notice / Disclaimer

 

This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

 

Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified.

 

Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission.

 

Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.

 

Richard owns shares of New Carolin Gold Corp TSX.V – LAD

 

New Carolin is a paid sponsor of Richard’s site aheadoftheherd.com

 


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