TSX-V:NCM

 
 

Newcastle Minerals Ltd. is a junior mining company trading on the TSX Venture Exchange (TSX-V; NCM) that has been active in exploring for gold and base metal deposits in Northwestern British Columbia. Our properties include gold prospects located in the Iskut River area, known as the very active "Golden Triangle" approximately 3km east-northeast of the Snip Gold Mine, as well as properties in Telegraph Creek.


Current Projects:  Iskut River Area, British Columbia.
The Iskut Deposit, found on the Snip North property, is located on trend and some 2 to 2.5 kilometers to the northwest of the Bronson Slope gold-copper-silver-molybdenum deposit owned by Skyline Gold Corporation. The property is owned 100% by Newcastle.


The Bug Lake property, consisting of the Bug 1, Bug 2, Bug 3, and Waratah 7 claims, totals 1400 hectares.  Seventeen different gold-silver showings have been defined historically on the Bug Lake property.  Most of the veins have northwest trends with dips ranging from steep to northwest to southwest. Some veins, although, are found along northeast trending structures and shear zones.  The vein mineralization defined to date occurs over a 5 km trend distance. Results from the 2008 program include 29.29 grams of gold per tonne, 30 grams of silver per tonne and 0.21% copper from weight-averaged chip samples over 0.9 meters from the 1.2-meter-wide No. 7 vein. The Bug Lake property is owned 100% by Newcastle.

 

Current News


October 22, 2008

2008 EXPLORATION PROGRAM COMPLETED ON BUG LAKE PROPERTY(more...)

Newcastle Minerals Ltd.