New Carolin Gold Corp TSX.V LAD

Richard (Rick) Mills
Ahead of the Herd


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


As part of New Carolin’s 2016’s work program there will be a site investigation, database validation and construction of a geological and structural model by R. Bob Singh, P.Geo. of North Face Software Ltd. Bob is LAD’s qualified person under 43-101 reporting.


A detailed three dimensional geologic model incorporating identified structural controls to the mineralization on the Project will be produced. This model separates stratigraphic controlled and structurally controlled mineralized domains.


Geological modeling will identify key structural controls to the gold mineralization and geology on the project. The recognition of structures and their influence on the gold distribution in key stratigraphic horizons will allow New Carolin to create a detailed geological and mineralization model. This model should identify drill targets and also serve as an exploration aid in identifying additional targets elsewhere on the Property. Confirmation  drilling will then be carried out.


Here’s an example of what such studies can do in regards to a new resource estimate. WPC Resources construction of a geological and structural model and new resource estimate was done without further drilling….


April 14, 2015





The updated mineral resource, using a gold cut-off grade of 4 grams per tonne (“g/t”), of 2.50 million tonnes with 605,000 gold ounces in the Measured and Indicated Categories and 1.26 M tonnes with 226,000 Au ounces in the Inferred Category are significant tonnage and contained ounce increases over the 2011 historic resource of 0.75 M tonnes containing 275,000 Au ounces in the Measured and Indicated Categories and 0.42 M tonnes containing 143,000 Au ounces in the Inferred Category.


The current Ulu mineral resource was estimated following a recent reinterpretation by independent consultants…..


“Bob Singh, P.Geo. and Paul Cowley, P.Geo. are the independent Qualified Persons responsible for reinterpreting the data and 3D model. G. H. Giroux, P.Eng. of Giroux Consultants Ltd., is the independent Qualified Person responsible for preparing the updated mineral resource estimate. The mineral resource estimate involved 3D modeling methods and parameters, and statistical and grade continuity analyses. Techbase modeling software was used for the 3D block model and subsequent grade estimates. Grade capping was used to restrict the influence of statistical outliers during Ordinary Kriging (“OK”) interpolation of block grades. A total of 362 drill holes have been completed on the property. Of these holes, 313 intersected various mineralized solids and were used to estimate the resource. The resource estimate utilized a total of 376 bulk density measurements determined by previous explorers on site….


The major contributions to the improvement to tonnage and contained ounces were from reinterpretation of the vein system and from prevailing economic considerations including gold price, exchange rate and the positive impact of Lupin’s influence. The positive reinterpretation was the result of corrections in the database, using all of the data and shaping a model that our consultants believe is a more realistic representation of the continuity of the fuller, more substantial mineralized system.”


The mineral resources in WPC’s new estimate were calculated using the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.


Now of course this is just one example and to be fair an average of results from these types of programs should be used. I’ll leave further DD and comparisons to you, my reader. But one thing’s for sure, these types of models have never been done for the deposits on LAD’s Coquihalla Gold Camp and have never been used for exploration. I’m thinking we could be getting a few pleasant surprises from such work!




New Carolin should shortly be announcing receiving the Quebec judge’s vesting order giving the company 100% of its Coquihalla Gold Camp.


There is going to be a ‘must do’ thing or two, such as raising a minimum of $520,000.00, spending $600,000.00 on the property, settling debt and exchange approval before we own it outright. These are all expected conditions to final discharge of the property out of receivership.


New Carolin had announced a private placement of $1,150,000.00 subsequently increased, and capped, to/at $1,312,000.00. We can expect this financing to close shortly.


We can also expect news regarding a large 2016 exploration program on the whole property, both the north and south portions.




From February 3rd to today, February 16th 18.17 mil shares have traded hands in anticipation of LAD gaining 100% control over its Ladner Gold Project, or as I call it New Carolin’s Coquihalla Gold Camp.


Everyone needs to have a gold junior on their radar screen. New Carolin Gold Corp TSX.V – LAD is first on my screen. Is it on yours?


If not, maybe it should be.


Richard (Rick) Mills


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 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.


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