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New Carolin Gold Corp. TSX.V has completed its transaction with Deloitte
Restructuring Inc., in its capacity as court-appointed receiver to the assets
of Century Mining Corp., and has acquired 100 per cent of the Ladner gold
project.
New Carolin has consolidated a 100 per cent ownership of the
144-square-kilometre contiguous land package, which includes the Carolin
mine, under one roof.
The company also completed a private placement financing in the amount for
$1,126,000 and approximately $750,000 is allocated for exploration in 2016.
Near-term plans include:
- Updating a 3-D geological model created in the fall of
2014 with detailed geological and structural mapping and surveying of
the underground and surface areas. The preliminary 3-D model has
provided a more thorough understanding of the Carolin mine gold
mineralization and, with the additional work during this program, will
provide clear exploration targets for drilling of new areas, as well as
within the resource areas.
Recommendations in the current technical report
indicate that a 3-D geological model will assist with grade and geological
controls to the resource estimate. The 3-D model was not available to assist
with guiding estimation in the company's latest resource estimate. As a
result, not all available data were used, as potential grade boundaries were
established without key structural and geological controls.
- A diamond drill program with specific targets and
objectives will follow the first phase of mapping and surveying at the
Idaho zone (which includes the Carolin mine and former Aurum mine) and
at the McMaster zone, which is 1.2 kilometres northwest of the Carolin
mine along the Hozameen fault.
- The company also plans to undertake exploration work at
two of the several additional known mineralized gold zones located on
the Ladner gold project.
Consolidating ownership of this key land package is a major milestone for
the company. The Ladner gold project has been vastly underexplored and has
considerable upside potential for increasing gold resources. A capable
technical team has been assembled to execute development objectives.
It’s my opinion New Carolin should be on every precious metal investors
radar screen.
 
aheadoftheherd.com
Richard lives with his family on a 160 acre ranch in northern British
Columbia. He invests in the resource and biotechnology/pharmaceutical sectors
and is the owner of Aheadoftheherd.com. His articles have been published on
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Legal Notice / Disclaimer
This document is not and should not be construed as an offer to sell or
the solicitation of an offer to purchase or subscribe for any investment.
Richard Mills has based this document on information obtained from sources
he believes to be reliable but which has not been independently verified.
Richard Mills makes no guarantee, representation or warranty and accepts
no responsibility or liability as to its accuracy or completeness.
Expressions of opinion are those of Richard Mills only and are subject to change
without notice. Richard Mills assumes no warranty, liability or guarantee for
the current relevance, correctness or completeness of any information
provided within this Report and will not be held liable for the consequence
of reliance upon any opinion or statement contained herein or any omission.
Furthermore, I, Richard Mills, assume no liability for any direct or
indirect loss or damage or, in particular, for lost profit, which you may
incur as a result of the use and existence of the information provided within
this Report.
Richard owns shares of New Carolin Gold Corp TSX.V – LAD
New Carolin is a paid sponsor of Richard’s site aheadoftheherd.com
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