Gold Focused:
Porphyry Setting and Past-Producing Mine
Duncastle Gold Corp. (DUN.TSX.V) is a mineral exploration company with a British Columbia gold-copper focus. Duncastle’s projects cover over 190 square kilometers of highly prospective mineral claims covering or surrounding significant past producing mines in two historic districts in British Columbia, Canada. Complementing the strength of its projects, Duncastle is well-structured with a veteran board and experienced geological, financial and management teams.
In Southeast BC, on the Yankee-Dundee project, the Company has confirmed an extension of the historic Yankee Girl Mine, a former producing high-grade gold-silver-lead-zinc mine just 50 kilometers from the smelter at Trail BC. Duncastle has been actively consolidating area claims since 2004 and now holds most of the historic Ymir Camp, which was at one time the largest silver producer in the British Commonwealth. As the largest mine in the Ymir Camp, the Yankee Girl Mine has potential for accelerated, low-cost production due to the existing workings, pro-industry area, and excellent access and infrastructure.
In Northwest BC, on the Porphyry Creek project, Duncastle has a large claim position which surrounds a past producing tungsten mine and hosts numerous mine workings and showings often associated with porphyry copper-gold mineralization. The concept target on this large property is a porphyry system, usually several kilometers in scale. Located 20 kilometers northwest of Smithers, the property is in a well mineralized region in an area locally known as the Rocher Deboule camp. The property includes multiple high-grade gold, silver and base metal showings and previous workings on both sides of a well defined 10 km long magnetic anomaly. An airborne geophysics survey, completed July 2010, confirmed the porphyry potential with at least three significant target areas showing a strong correlation between all three survey components and geological results (see July 26, 2010 press release)
Duncastle’s strategy has been to consolidate claims in target project areas and to apply modern methods to further explore their potential. By targeting and aggregating underexplored claims into larger land positions in highly prospective areas, Duncastle enables larger geologic models for exploration. Duncastle’s founders commenced staking and acquisition in a recovering commodities market, before the staking rush brought on by the advent of online claim staking in BC, giving Duncastle an early advantage in target areas.
Both projects are well serviced areas with nearby communities. Duncastle has a positive history of working in and with local communities, suppliers and exploration service companies.
Duncastle was incorporated in 2006 and commenced trading on the TSX Venture in September 2007. 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$250 million in exploration and development financing since its formation in 1997.
