By New Carolin Gold Corp. (TSX - V: LAD) is pleased to announce the results of the helicopter airborne geophysical survey that was completed on its Ladner Gold Project located in southeastern western British Columbia. This survey collected high resolution magnetic and radiometric data (potassium, thorium and uranium) over approximately 90 sq kms (762 line kms). The survey was conducted by Precision GeoSurveys of Vancouver, British Columbia.
The results indicate the presence of a major magnetic linear structure that can be traced for over 18 km within the Company's claims that comprise in part the Coquihalla Gold Belt. This linear structure is attributable to the presence of serpentinite, which is associated with gold mineralization. The calculated vertical gradient map also indicates the presence of northeasterly striking fault structures. The northwesterly trend of this magnetic linear structure parallels the major Hozameen fault structure.
The Emancipation Mine, Carolin Mine, Idaho/Aurum Prospect, Montana Prospect, McMaster Zone and Georgia No 2 Prospect all occur along this magnetic boundary. The Pipestem Mine is located approximately 800 metres to the east of this contact, but also higher up in the stratigraphic sequence. There remain several kilometers of untested ground along this magnetic anomaly.
The Total Count radiometric data (sum of potassium, thorium and uranium values) indicate the presence of potential felsic rocks in the northern part of the claim area. Gold prospects in this area are associated with felsic dykes.
The vertical gradient and total count radiometric maps can be viewed on the Company website: www.newcarolingold.com .
About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior mineral exploration and development company engaged in the acquisition, exploration, evaluation and development of 104 sq kms of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southeastern British Columbia, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.
ON BEHALF OF THE BOARD OF DIRECTORS
"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo, Hon.FEC
President & Chief Executive Officer
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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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