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TheNewswire -January 23, 2020-
----------------------------------------- |Hole |From |To |Length|Au (g/t)| |---------------------------------------| |19NC01 |141.75|151.79|10.04 |1.43 | |---------------------------------------| |including|148.42|149.8 |1.38 |2.87 | |---------------------------------------| | | | | | | |---------------------------------------| |19NC01 |220.27|231.41|11.14 |1.51 | |---------------------------------------| |including|229.68|230.57|0.89 |2.69 | |---------------------------------------| | | | | | | |---------------------------------------| |19NC01 |240.65|244.18|3.53 |3.14 | |---------------------------------------| |including|241.74|242.94|1.2 |5.71 | -----------------------------------------
Hole NC1901 was a 25 metre step-out from hole 11100-96-1 that encountered 10.54 meters of 3.4 g/t Au including 4.7 meters of 5.5 g/t. The mineralized zones in hole 19NC01 are coincident with hole 11100-96-1 and confirm the presence of the gold bearing zones discussed in the
Geological interpretations from core logging support the current vein models. Structural and lithological examination of the core indicates a continuation of mineralization along the NW trending hinge zone as well as the ultramafic contact zone. Based on these current vein models the true widths of the mineralized intervals represent approximately 70% to 90% of the downhole interval lengths.
Continued structural and surface studies will enhance geological knowledge to use as a predictive tool for discovering ore extensions, new mineralized zones and regional continuity.
All disclosure of scientific or technical information made herein is based upon information prepared by or under the supervision of
About
For additional information, please visit the Company's website atwww.newcarolingold.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"Kenneth R. Holmes"
Director
Phone: (778) 379-1275
Toll Free: 1(855) 891-9185
E-mail:ceo@newcarolingold.com
Web site:www.newcarolingold.com
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in
Neither the
Caution concerning forward-looking information
This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
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