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New Carolin Gold Corp.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 20, 1480 Foster Street
White Rock, B.C.
Canada V4B 3X7
Tel No.: (778) 294-3211
Fax No.: (778) 294-3212
Web Site: www.newcarolingold.com
E-mail: bwdowning@newcarolingold.com
Contact Person: Bruce Downing
Position: President & CEO


Company Data

Traded Market: TSX-V
Traded Symbol: LAD
Outstanding Shares: 41,542,340
Fully Diluted: 54,463,591
52 Week High: $ 0.185
52 Week Low: $ 0.065
Present Price: Click Here


Introduction

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New Carolin Gold Corp. is a Canadian junior stage exploration and mine development company engaged in the evaluation and development of several gold properties collectively known as the "Ladner Gold Project". The properties are located 150 km east of Vancouver in Southern British Columbia, Canada. The Ladner Gold Project encompasses approximately 104 square kilometres of contiguous ground along the under-explored Coquihalla Gold Belt; host to several past producing gold mines including the Carolin, Emancipation and Pipestem Mines as well as numerous other gold prospects.

New Carolin Gold Corp. has assembled a management and advisory team with expertise in exploration, development and operations.


Projects in Hand

Ladner Gold Project, Southern British Columbia, Canada

The Ladner Gold Project, located in British Columbia, Canada, approximately 150 km east of Vancouver, 18 km from Hope, B.C. The Project encompasses the Carolin Mine, a former underground gold producer from 1982 – 84, Emancipation Mine (intermittent gold producer from 1916 – 41), Pipestem Mine (intermittent gold producer from 1935 - 37), and numerous gold prospects situated along 18 km of the under-explored Coquihalla Gold Belt. The Project comprises approximately 104 square kilometres of contiguous ground. New Carolin Gold Corp. has retained the existing Mine Permit and permitted tailings impoundment from the previous operators. Part of the mill was dismantled in 2006. New Carolin's focus is to conduct an exploration and development program in order to confirm and improve upon the National Instrument 43-101 standards of disclosure of the historical resource estimates. These are: 192,000 ounces of gold for the Carolin Mine and 30,000 ounces of gold for the potential McMaster open pit. The exploration program will be carried out in conjunction with a pre-feasibility study to determine the economics. The goal is to explore and develop a one million ounce gold resource and to take the Carolin Mine and potential McMaster open pit into production within the shortest time possible.

National Instrument 43-101 Documentation

Carolin Mine

  • Historical data: 595 holes drilled, 40,000 metres, 10.5 kilometres underground workings.
  • Historical drill program valued at C$8,000,000 (current market prices)
  • All extant data to be compiled into NI 43-101 third party document; in process
  • Complete 3 D modeling of historical data to assist in determining future drilling and to validate remaining resources

Tailings Project

  • Permitted tailings impoundment in excellent condition; room for expansion.
  • Replacement cost estimated at C$8 to 10 million
  • NI 43 101 compliant
  • Gold Estimate of 23,700 ounces +/- of gold in tailings
  • Completing a Preliminary Economic Assessment

Mine Project

  • Approximately 192,000 ounces of historic gold estimate has been identified in Carolin Mine to date
  • Mineralization open along strike and at depth
  • Existing mining permit in good standing
  • Permitted tailings impoundment
  • Existing underground mine in good condition
  • 30% of mill complex still standing
  • 1,300 tonne/day mill
  • Complete a Preliminary Economic Assessment

Open Pit Project

  • Coquihalla Gold Belt has a potential to host 1+ million ounces of gold
  • Newly discovered McMaster open pit potential
  • New gold zone intersected in hole McM-32-09 from 23.7 to 67.3 m grading 2.86 g/t gold over 43.6 metres (included is 27.6 meters grading 3.96 g/t gold)
  • Two small past producing mines may have open pit potential:
  • Emancipation Mine (small gold producer 1916 – 41, production of 2,897 ounces gold)
  • Pipestem Mine (small gold producer 1935 – 37, production of 273 ounces gold

Regional Exploration

  • Increase prospecting, geochemical, geophysical and geological surveys together with diamond drilling over 18 km of the Coquihalla Gold Belt
  • Increase gold mineralization resources

Geological Model

  • Coquihalla Gold Belt is comprised of northwesterly trending Hozameen Fault system and tectonics resulting in numerous shear and dilatant zones amenable to mineralization.
  • Gold mineralization is both lithologically and structurally controlled.
  • Host rocks of the Jurassic Ladner Group comprise wackes, siltstones and conglomerates generally associated with serpentinite.
  • Long intervals of continuous gold mineralization
  • Alteration and mineral paragenesis suggests more than one period of gold mineralization.
  • Mineralization comprised of a network of variably deformed quartz-carbonate veins with intense albitic alteration and disseminated sulphides (pyrrhotite, arsenopyrite, pyrite) with gold found as inclusions in the sulphides.

Investment Highlights:

  • Historic gold estimates
  • Renew underground operations (Carolin Mine)
  • Explore open pit potential
  • Mine permit
  • Permitted tailings impoundment
  • Drilling to increase gold resource
  • Approximately 104 square km land package
  • Viewed internationally as a desirable mining investment destination
  • 2 hour drive from Vancouver
  • Small float / undervalued


Management

Management

Bruce W. Downing, M.Sc., P.Geo., President and Chief Executive Officer
Mr. Downing has over 30 years experience in resource exploration, technology development and management. He has been involved with several junior mining companies as a director and consultant.  In 1997 the Professional Engineers and Geoscientists presented Bruce Downing with the Chris Westerman Award, which is the highest geoscience recognition.

Directors

J. Graham Eacott , M.Sc., B.Sc., P.Eng., Director & Chairman

Bruce W. Downing, M.Sc., P.Geo., Director, President & CEO

Richard T. Gillard, Director

Jerry DeMarco, Director

Advisory Board

Professor David Dreisinger, Ph.D, P.Eng – Metallurgy
UBC with 25 years experience in precious and base metal operations.

David D. Swisher, B.Sc. – Mining
20 years of mining experience in precious and industrial mineral operations

Ed Beswick, P.Eng. - Environment
25 years of government and mine related experience.

Brian E. Abraham, Q.C., LL.B., B.Sc., P. Geo. – Legal

Reda Akladios, CMA – Financial and Accounting

Chris Hilliard, BA – Financial

Robert Thast – Financial

Bruce M. Rykiss – Corporate

Stuart Gray – Media and Marketing

Jo Shearer, M.Sc., P.Geo. – Exploration


News Update

On December 3, 2012, New Carolin Gold Corp. announced that it has entered into a letter of intent with Shoreline Resource Management Group, located in Oakville, Ont., in respect to establishing a tailings gold processing facility at the Carolin mine in 2013.

On November 26, 2012, New Carolin Gold Corp. announced that, subject to regulatory approval, it intends to complete a non-brokered private placement of up to 3,000,000 flow-through shares at a price of C$0.11 per flow-through share for gross proceeds of up to C$330,000.

On October 31, 2012, New Carolin Gold Corp. announced that it is in continuing discussion with Sampson Belair / Deloitte & Touche Inc. ("Receiver") regarding its obligations under the Purchase and Sale Agreement ("PSA") dated July 12, 2011 with Century Mining Corporation ("CMC") to purchase the Carolin Mine and accompanying claims from CMC.

On October 12, 2012, New Carolin Gold Corp. announced that it has closed a non-brokered private placement of 2,565,000 units at a price of 12 cents per unit for gross proceeds of $307,800.

On September 19, 2012, New Carolin Gold Corp. announced that it has contracted to DJ Drilling, Aldergrove, B.C., to mobilize its drill equipment and begin surface diamond drilling at the Carolin mine area, located on the Ladner gold property in British Columbia.

On September 7, 2012, New Carolin Gold Corp. announced that it intends to complete a non-brokered private placement of up to 2.5 million units at a price of 12 cents per unit for gross proceeds of up to $300,000. The proceeds from the sale of the units will be used for general corporate purposes and further preparation for the Company's planned 2012 drilling program at its Ladner gold project.

On August 29, 2012, New Carolin Gold Corp. announced additional positive results of metallurgical test program. The gold recovery achieved in POX-CIL testing of flotation concentrate is 96.3 per cent. The overall recovery of gold by flotation/pressure oxidation/cyanidation combined with cyanidation of the flotation tailing is 94.5 per cent.

On August 23, 2012, New Carolin Gold Corp. announced that it is in the process of initiating a surface diamond drill program on the Carolin mine at its Ladner gold property in British Columbia.

On August 20, 2012, New Carolin Gold Corp. announced the results of the airborne geophysical survey that was completed on the southern part of the Ladner gold project in British Columbia. The survey confirms southern extension of gold associated magnetic anomaly at Ladner. This gold-associated magnetic anomaly now extends over 28 kilometres.

On August 9, 2012, New Carolin Gold Corp. announced that its recent metallurgical test results show 91% Au recovery at McMaster zone. In combination, flotation plus cyanidation of the float tail yielded 97.9% recovery.

On August 7, 2012, New Carolin Gold Corp. announced that it has closed a non-brokered unsecured convertible debt financing of $415,000.

On July 20, 2012, New Carolin Gold Corp. announced that it has entered into a consulting agreement with Toronto-based Rosmir Capital and its principal George Goldsmith to assist the Company with financing and business development initiatives.

On June 19, 2012, New Carolin Gold Corp. announced that it has submitted an application to the British Columbia Ministry of Environment for a waste discharge permit for the tailings storage facility. This application will also form part of the final waste discharge permit for the tailings reclamation project.

On June 14, 2012, New Carolin Gold Corp. has completed the purchase of five claims covering approximately 86 hectares that are adjacent to the Company's Ladner gold property. In accordance with New Carolin Gold's agreement entered into with the holder of these claims, the Company purchased a 100-per-cent interest for $2,500. These claims cover areas that may be conducive to hosting gold mineralization.

On May 22, 2012, New Carolin Gold Corp. announced that it has commenced an airborne geophysical survey on the southern part of its Ladner gold project located in southwestern British Columbia.

On May 17, 2012, New Carolin Gold Corp. announced that it has now completed two NI 43-101 gold resource estimate studies with a combined total of 691,540 inferred ounces of gold at its Ladner gold property in southwestern British Columbia.

On May 8, 2012, New Carolin Gold Corp. announced that it has completed a deal to purchase 13 contiguous claims covering approximately 273 hectares that are adjacent to the Company's Ladner gold property. These claims cover a previous known gold showing which has been prospected since the 1970s.

On April 24, 2012, New Carolin Gold Corp. announced additional gold potential at its Ladner Gold Property in British Columbia. This includes both the historic small underground Pipestem Mine and Emancipation Mine.

Highlights:

  • Pipestem Mine: Historic intersections from underground drilling of 0.90 g/t gold over 41 metres and 3.00 g/t gold over 5 metres. Historic surface intersections include 4.45 g/t over 5 metres.
  • Emancipation Mine: Historic intersection of 20.5 g/t gold over 1.5 metres. Historic surface intersections include 12.7 g/t over 1.4 metres.

On April 19, 2012, New Carloin Gold Corp. announced that it has initiated a metallurgical test program using drill core from the McMaster zone at its Ladner gold property in British Columbia.

On April 11, 2012, New Carloin Gold Corp. announced that it has completed an NI 43-101-compliant resource estimate containing an updated gold resource in the Carolin mine at its Ladner gold property in British Columbia. Inferred mineral resource estimate is 607,000 ounces gold (1.5 grams per tonne) in 12,352,124 tonnes at a cut-off grade of 0.5 g/t gold.

On March 28, 2012, New Carolin Gold Corp. announced initial NI 43-101-compliant resource estimate for McMaster zone at its Ladner gold property in British Columbia. Inferred mineral resource estimate is 79,540 ounces gold in 3,575,080 tonnes at a cut-off grade of 0.5 gram per tonne gold.

On March 14, 2012, New Carolin Gold Corp. announced positive preliminary economic assessment (PEA) for the tailings reclamation project at its Ladner gold property in British Columbia. The study recommends that the project be built as a portable mill operation producing a saleable concentrate. The mill will be built using industry-standard equipment and processing systems to minimize technical and operational risks. The PEA estimates NPV of $8-million.

On December 15, 2011, New Carolin Gold Corp. announced assay results on grab samples taken from the recently rediscovered Montana Prospect on the Company's Ladner gold property in southwestern British Columbia. Grab samples of material taken from the mine dump yielded the following assays:

Sample      Au (g/t)
975566      2.89
975567      8.20
975568      1.71

On December 13, 2011, New Carolin Gold Corp. announced that it intends to complete a non-brokered private placement of up to two million units at a price of 15 cents per unit for gross proceeds of up to $300,000. The securities issued under this private placement will be subject to a four-month hold period. The private placement is expected to close no later than January 31, 2012.

The proceeds from the sale of the units will be used for general corporate purposes.


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