Duncastle Gold Corp. (DUN.TSX.V) is focused on gold exploration in northwest Ontario in an area that has added over 20 million ounces to its gold inventory in the past decade with the discovery and development of the Rainy River Gold Project and Osisko’s Hammond Reef project. Duncastle’s projects in Ontario – Pipestone, Black Lake and Drayton – total over 300 square kilometers of claims in the area and include a known gold zone that is open for expansion, historic bulk samples averaging 13.4 and 14.62 g/t gold, and rock samples ranging to 1,212 g/t gold. Most of the claims are underexplored and therefore offer significant discovery potential in this rapidly developing region.
In BC, Duncastle will receive royalty revenues and cash payments from production at our Yankee-Dundee project in southeast British Columbia per a production deal announced January 2013. The Yankee-Dundee project produced over $500 million in gross metal values at today’s prices and was at one time the largest silver producer in the British Commonwealth. Duncastle began consolidating the historic camp in 2004, drilled over 7,700 meters to identify a mineralized extension of the historic mine, inspected old mine workings, and completed metallurgical and engineering studies before partnering the project in 2013.
Duncastle also has the Porphyry Creek project in northwest BC, a region known for large mineral deposits and mines. The focus of work to date has been the past-producing Sultana mine area where Duncastle announced a porphyry copper-molybdenum discovery in December 2010. Other targets at Porphyry Creek include additional porphyry targets, an IOCG/skarn target, and high-grade vein systems including several where historic data and workings coincide with geophysical and geological anomalies.
All projects are road accessible and in well serviced areas with nearby communities. Duncastle has a positive history of working in and with local communities, suppliers and exploration service companies.
Complementing the strength of its projects, Duncastle is well-structured with a veteran board including personnel involved in multiple major mine discoveries such as Hemlo, Eskay Creek and Penasquito, among others. As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and technical and geological services provided for six public companies. Companies within the Manex group have raised over C$350 million in exploration and development financing since its formation in 1997, and closed three deals with producing miners in 2012.
Forward-Looking Information: This website may contain forward-looking statements including, but not limited to, comments regarding the timing and content of upcoming drilling or other mineral exploration programs, geological interpretations, receipt of property titles, potential mineral recovery processes, or other developments that Duncastle Gold Corp. expects to occur. 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 Duncastle Gold Corp.’s projects, and the availability of financing for Duncastle Gold Corp.’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.