Carlisle Goldfields Limited

Published : April 29th, 2008

MacLellan Zone Continues to Reward at Depth

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Keywords :   Diamond | Gold | Gold Mine | Recovery | Silver |

MacLellan Zone Continues to Reward at Depth

Toronto, ON - April 29, 2008 - Carlisle Goldfields Limited, (TSX: CGJ) (the "Company") has received assay results from Diamond drilling completed during the 2008 phase II winter drilling program in the MacLellan Mine area, Lynn Lake, Manitoba. The drilling program is ongoing as part of the Company's plan to drill up to 10,000 metres of NQ size core by mid-year 2008 with 11 of the planned 20 drill holes having been completed.

Drillhole MG08-1 was completed, at -60 degrees, to a final length of 350 metres, and Drillhole MG08-3 was completed, at -66 degrees, to a final length of 452 metres.   These holes were targeted to intersect the Nisku Zone deeper than previous drilling.  Gold mineralization at Nisku occurs within Metasediments, associated with irregular sulphide concentrations, and cherty quartz vein zones.   These zones are commonly quite narrow but can have high grades over those widths.  There are six major zones and a number of lesser zones at Nisku, they strike about 065 and dip about 70o north. 

Drillhole MG08-5 was completed, at -60 degrees, to a final length of 245 metres, and was testing for a zone south of Nisku seen in previous drilling.  No significant gold values were returned.

The sulphide zones contain appreciable silver values as demonstrated in the table below.  This gold-silver correlation has been observed in analysis of the previous sampling programs and production records show the recovery of significant silver values.

Hole Name

Dip

Local

Azimuth

from

to

Core Length

Assay Composite

Assay Composite

 

(deg)

(deg)

(m)

(m)

(m)

Au (g/t)

Ag (g/t)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MG08-01

-60

185

176

178

2

5.78

64.05

 

 

 

240

241

1

5.86

13.8

 

 

 

254

257

3

5.68

31.0

including

 

 

256

257

1

10.94

50.8

 

 

 

 

 

 

 

 

 

 

 

271

272

1

7.13

4.6

 

 

 

306.75

307.75

1

10.56

2.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MG08-03

-66

175

153

154

1

11.42

98.9

 

 

 

171

172

1

13.34

71.7

 

 

 

242.5

243.5

1

8.08

17.6

 

 

 

346.5

348.5

2

27.21

11.85

including

 

 

346.5

347.5

1

40.12

20.7

 

 

 

 

 

 

 

 

 

 

 

368

369

1

8.09

4.4

The Company expects additional results from the ongoing program in the near future. Additional assays from the mineralized area are pending for other holes. 

Drill core is logged, and saw split, on site. One half of the NQ diameter core is shipped to TSL Laboratories, Saskatoon, Saskatchewan, "an ISO 9001:2000" accredited laboratory, for analysis. TSL protocols include fire assay for Au and Ag with an ICP finish on a crushed and pulverized sub-sample. The MDL and upper detection limits (UDL) for Au are 5 - 1000 ppb under this protocol, and 0.2 - 50 ppb for Ag. Above the UDL a gravimetric method is used for determination on high concentrations. 

A quality control program has been implemented to ensure best practices in the sampling and analysis of the drill core. Certified control standards, and coarse field blanks were inserted into the sample stream. A program of analysis of duplicate samples will be undertaken. Mr. Stephen Mlot, P. Eng., the President of the Company, is the qualified person.

About Carlisle:
Carlisle Goldfields Limited, a Canadian based Gold Exploration and Development Company, is focused on its 20,000 hectare land position in the Lynn Lake Greenstone Belt of Manitoba and the MacLellan Mine where the company is expecting to define resources in the range of 800,000 to 1,200,000 ounces of gold. The primary target is the former producing MacLellan Gold Mine where the company is working towards re-commencement of production at the earliest possible date.  

For further information please contact:

Stephen G. Mlot, President
Carl McGill, Director, Corporate Development
Telephone: (416) 368-0028
Fax: (416) 703-3695
info@carlislegold.com
www.carlislegold.com

RENMARK FINANCIAL COMMUNICATIONS INC.
NEIL MURRAY-LYON : NMURRAYLYON@RENMARKFINANCIAL.COM
JEN POWER : JPOWER@RENMARKFINANCIAL.COM
MEDIA - EVA JURA : EJURA@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM

Carlisle Goldfields Limited

CODE : CGJ.TO
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Contact Cpy

Carlisle is a gold exploration company based in Canada.

Carlisle holds various exploration projects in Canada.

Its main exploration properties are LYNN LAKE GABBROS and MCLELLAN in Canada.

Carlisle is listed in Canada and in United States of America. Its market capitalisation is CA$ 29.6 millions as of today (US$ 20.9 millions, € 19.2 millions).

Its stock quote reached its lowest recent point on October 31, 2008 at CA$ 0.01, and its highest recent level on July 29, 2011 at CA$ 2.34.

Carlisle has 54 830 000 shares outstanding.

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Financings of Carlisle Goldfields Limited
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12/29/2011Announces Proposed Non-Brokered Private Placement of Flow-Th...
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12/23/2013Announces Election of Abraham Drost and Nick Tintor to the B...
2/27/2012Announces the Appointment of New Director
Project news of Carlisle Goldfields Limited
8/4/2011Initiates Preliminary Economic Assessment
8/14/2008(Lynn Lake Gabbros)Drilling at the Maclellan Gold Mine Continues to Intersect M...
6/18/2008(Lynn Lake Gabbros)Drilling at Maclellan Gold Mine Continues to Intersect Multi...
5/15/2008(Lynn Lake Gabbros)Update on 2008 Drilling at MacLellan Gold Mine, Lynn Lake
3/18/2008(Lynn Lake Gabbros)Carlisle Adds Second Drill to MacLellan Program
1/22/2008(Lynn Lake Gabbros) to Commence Phase II Diamond Drilling Program at MacLellan ...
10/23/2007Confirms High Grades at Surface
Corporate news of Carlisle Goldfields Limited
1/20/2016Get full quote
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1/15/2016Get full quote
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12/17/2015Carlisle Goldfields Receives Shareholder Approval for Plan o...
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11/24/2015Filings: Management Information Circular
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11/24/2015Carlisle Goldfields Mails and Files Meeting Materials for Up...
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10/13/2015IIROC Trading Halt - CGJ
9/15/2015Carlisle Announces Exploration Drilling at Lynn Lake; Discov...
9/8/2015Carlisle Announces Appointment of Jamie Porter to the Board ...
8/4/2015Carlisle Goldfields Announces Infill Drill Results on the Fa...
3/13/2015Carlisle to host Manitoba Chief at PDAC
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2/9/2015Carlisle Signs Exploration Agreement With First Nation
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3/27/2013Announces Positive Drilling Results from its Farley Lake Min...
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10/26/2012Ryan Gold Corp. and Carlisle Goldfields Limited Announce Exe...
10/18/2012Announces Option Extension on its Last Hope Property
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9/24/2012Announces Initial Burnt Timber Inferred Resource Estimate of...
9/19/2012Announces Positive Drilling Results from its New Linkwood Pr...
9/12/2012Announces Positive Drilling Results from Its Last Hope Proje...
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6/26/2012s 2012 Drilling Programs on its Lynn Lake Properties
4/2/2012Joins OTCQX
3/19/2012Commissions Tetra Tech to Carry Out Preliminary Feasibility ...
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2/17/2012Exploration of MacLellan Mine Project Continues to Deliver P...
12/19/2011Reports Positive Metallurgical, Environmental, and Grindabil...
12/6/2011Signs Memorandum of Understanding with Marcel Colomb First N...
7/27/2011Continues to Expand MacLellan Main Zone Mineralization with ...
7/12/2011Grants Options to New Director and Announces Appointment of ...
6/30/2011Shares Commence Trading on the Toronto Stock Exchange
7/2/2008Management Changes at Carlisle
6/25/2008President & CEO Interview
4/29/2008MacLellan Zone Continues to Reward at Depth
1/23/2008President & CEO Interview
12/4/2007Optimistic About Resource Estimate
10/3/2007Comments on Recent Trading Activity
9/5/2007Additional Mineralization Grade at MacLellan Mine
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