Duncastle Gold Corp.

Published : July 08th, 2014

Duncastle Appoints Directors and Officers for Yukon PGM-Ni-Cu Projects

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Duncastle Appoints Directors and Officers for Yukon PGM-Ni-Cu Projects

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 8, 2014) - Duncastle Gold Corp. ("Duncastle" or the "Company") (TSX VENTURE:DUN) (FRANKFURT:5D3) announced today that it has appointed two directors and two officers in accordance with the binding Letter of Intent (the "LOI") announced June 23, 2014 for the acquisition of three highly prospective projects in the Kluane Ultramafic Belt in the southwest Yukon. Other appointments are anticipated in the coming weeks as the Company continues to expand its team and works to complete the LOI.

Management Update

The Company has appointed Dr. Tom E. McCandless, P.Geo., as Chief Operating Officer. Dr. McCandless is President of MCC Geoscience Inc., with over 30 years' experience in Diamond and metals exploration including senior management positions at several publicly-traded companies. As an adjunct professor at the University of Arizona, he has conducted and published research on PGM mineralization in the Bushveld Igneous Complex.

Eugene D. Spiering has been appointed to the role of Vice President Exploration. Mr. Spiering is presently Vice President Exploration for Quaterra Resources Inc. and has over 30 years of experience in the mining and exploration industry. He was formerly Vice President Exploration with Rio Narcea Gold Mines Ltd. where he managed the team that completed the delineation and development drilling of the Aguablanca nickel mine and discovered the El Valle and Carles gold mines in Spain.

Bill Harris has been appointed to the role of director. Mr. Harris is a second-generation Yukon prospector and miner. He is the founder and a director of Northern Freegold Resources Ltd. which advanced several significant gold-copper-silver deposits at Freegold Mountain in the Yukon. Mr. Harris' experience ranges from project generation through acquisition to exploration management, permitting and mining throughout the Americas, including the formation and management of public exploration companies. He was awarded the Yukon Prospectors' Association award for Prospector of the Year in 1994. Mr. Harris has played a key role in the development of the Yukon assets to date through Denali Resources Ltd. and will play a central role in exploration operations and community relations going forward (see news release, June 23, 2014).

The Company also announced the appointment of Kyler Hardy as director. Mr. Hardy is a successful entrepreneur and has been involved in the mining industry for over fourteen years including founding a large turn-key geosciences and logistics management business specializing in early-stage contract exploration and also the Ridge group of companies which has diverse holdings across several industries. Mr. Hardy is experienced in project generation, exploration management, project and company planning, raising capital, corporate development and the development of strategic partnerships and alliances.

Duncastle also announced that Doug Warkentin, P.Eng., has stepped down as a director and has been retained as a technical advisor on mineral processing among other possible advisory roles. The Company thanks Mr. Warkentin for his years of service as a director to the Company.

Project Summary and Exploration Plans

The Company's Yukon PGM-Ni-Cu assets, being the Catalyst, Ultra and Spy properties, total over 262 square kilometers in the Kluane Ultramafic Belt, a 600km-long sequence of igneous and sedimentary rocks extending from northern British Columbia through the Yukon and into Alaska. Within the belt, mineralization occurs at the contact between ultramafic and sedimentary rocks, with the most notable being the Wellgreen deposit which adjoins Duncastle's Catalyst project. Wellgreen Platinum Ltd. is currently completing a prefeasibility study at the Wellgreen deposit and has previously reported an Indicated Resource of 14.4 Mt at 0.68% Ni, 0.62% Cu, with 2.23 g/t Pt+Pd+Au grade, and an Inferred Resource of 446.6 Mt at 0.31% Ni, 0.25% Cu, with 0.87 g/t Pt+Pd+Au grade at a 0.22% NiEq cut-off (see Wellgreen Platinum Ltd. news release, June 18, 2012).

The Company is now finalizing exploration plans for the Catalyst, Spy, and Ultra projects for the 2014 season.

The technical contents of this release have been reviewed by Tom E. McCandless, Ph.D., P.Geo., independent consultant to Duncastle and qualified person as defined by National Instrument 43-101.

On behalf of the Board of Directors,

"Michael Rowley"

Michael Rowley

President, Director, Duncastle Gold Corp.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Duncastle Gold Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Read the rest of the article at finance.yahoo.com
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Duncastle Gold Corp.

EXPLORATION STAGE
CODE : DUN.V
ISIN : CA2651512097
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Duncastle is a gold exploration company based in Canada.

Its main exploration properties are PORPHYRY CREEK and YANKEE-DUNDEE in Canada.

Duncastle is listed in Canada. Its market capitalisation is CA$ 579 950 as of today (US$ 464 018, € 410 285).

Its stock quote reached its highest recent level on August 14, 2009 at CA$ 2.00, and its lowest recent point on September 20, 2013 at CA$ 0.01.

Duncastle has 16 570 000 shares outstanding.

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Financings of Duncastle Gold Corp.
6/30/2011Closes Tranche of Private Placements
6/9/2011Closes First Tranche of Flow-Through Private Placement
6/7/2011Extends Warrant Expiry Dates
5/26/2011Announces Private Placements
Option Grants of Duncastle Gold Corp.
2/3/2015Announces Stock Option Grant and Board Change
Project news of Duncastle Gold Corp.
6/25/2013(Yankee-dundee)Receives Advance Royalty from Sale of Yankee-Dundee Mine Pro...
5/25/2011(Porphyry Creek)Commences Drilling at Porphyry Creek
Corporate news of Duncastle Gold Corp.
2/25/2015Duncastle Announces Name Change to Group Ten Metals Inc.
2/3/2015Duncastle Announces Stock Option Grant and Board Change
1/7/2015Duncastle Closes Private Placement
1/5/2015Duncastle Closes Private Placement
12/5/2014Duncastle Progresses With Yukon Acquisitions and Provides Co...
12/4/2014Duncastle Progresses With Yukon Acquisitions and Provides Co...
10/3/2014Duncastle Extends Completion Date for Wellgreen Area PGM-Ni-...
8/27/2014Duncastle Acquires CKR Property and Extends Completion Date ...
7/23/2014Catalyst PGM-Ni-Cu Project Receives Grant from the Governmen...
7/8/2014Duncastle Appoints Directors and Officers for Yukon PGM-Ni-C...
6/23/2014Duncastle to Acquire PGM-Ni-Cu Properties in Southwestern Yu...
3/25/2014Duncastle Appoints Brian Cloney to Board
3/24/2014Duncastle Appoints Brian Cloney to Board
9/19/2013Focuses Projects and Completes Prospecting Program in NW Ont...
1/21/2013(Yankee-dundee)Signs Production Agreement for Yankee-Dundee Mine in Southea...
1/17/2013Initiates Airborne Survey at Drayton Gold Project in Ontario
11/13/2012Signs Agreement for Pipestone Project Acquisition in Northwe...
10/16/2012Acquires Option on Bravada's Drayton Property in Ontario
7/5/2011(Porphyry Creek)Completes Second Drill Program at Porphyry Creek
4/28/2011(Porphyry Creek)Signs Agreements With First Nations at Porphyry Creek, Adds ...
2/22/2011Projects, Plans 2011
2/22/2011 Projects, Plans 2011
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