Carlyle Commodities Corp (CSE:CCC, OTCQB:CCCFF) told investors it has completed a comprehensive diamond drill program at its Newton Project near Williams Lake in British Columbia, completing 840.3 meters of drilling across seven holes. The program aimed to enhance both tonnage and ounces of gold and silver in the existing National Instrument 43-101 Newton Project Resource Calculation.
The drill campaign strategically targeted surface geochemical gold anomalies, open mineralization, and mineralized volcanic and intrusive rocks, aiming to expand the NI 43-101 inferred mineral resource, identify higher-grade areas near the surface, and explore potential new mineralization zones on the property. The Newton Project hosts gold in various rock types, including felsic volcanic, mafic volcanic, and quartz porphyry intrusive rocks.
The seven holes successfully intersected their primary targets, with highlights from specific holes including Hole N23-092, which was drilled 50 meters north of hole 10016, intersecting altered quartz feldspar porphyries intruding altered felsic volcanic rocks. Holes N23-093, 094, and 095 were drilled around historical hole 10030, targeting a potential higher-grade near-surface area of significant interest, intersecting propylitic altered mafic volcanics with disseminated and fracture-controlled sulphides.
Hole N23-096 was drilled more than 100 meters north of the inferred mineral resource, intersecting altered felsic and mafic volcanics with disseminated and fracture-controlled sulphides. Hole N23-097 was drilled immediately west of the inferred mineral resource, intersecting altered quartz feldspar porphyry with disseminated and fracture-controlled sulphides. Hole N23-098 was drilled 750 meters northwest of the inferred mineral resource, targeting a gold-in-soil geochemical anomaly, and intersecting altered quartz feldspar porphyry with disseminate and vein-hosted pyrite.
“We are very pleased with this efficient 7-hole drill program and the professional work of our team,” Carlyle president and CEO Morgan Good commented in a statement.
“All holes successfully intersected our primary targets. We look forward to our results and continuing to advance the Newton project in 2024.”
The company said all seven holes have been sampled and sent to Bureau Veritas, an ISO 9001-certified independent lab for analysis. It expects to receive initial results in the coming weeks.
“We are excited about the holes we completed, there was a lot of productive activity completed in a short time frame. The drill team tested a variety of high-potential targets where much of the core contained strongly altered rocks, disseminated and veined sulphides,” Vice President of Exploration Jeremy Hanson added.
“We are certainly looking forward to our results and getting back on the ground.”
Carlyle Commodities is a mineral exploration company focused on the acquisition, exploration, and development of mineral resource properties. The company owns 100% of the Newton Project in British Columbia’s Clinton Mining Division.