Carlisle Goldfields (CGJ-T) and Canadian Orebodies (CO-V) start Farley Lake drilling
12 12, 2013 - News Release
Carlisle Goldfields Ltd. and Canadian Orebodies Inc. have started a 3,600-metre drill program at the Farley Lake mine project in the Lynn Lake gold camp, Manitoba. Pursuant to the option agreement as announced on Nov. 13, 2013, Orebodies is earning a 10-per-cent interest in Farley Lake by financing the $800,000 drill program. The 3,600-metre drill program will be focused on infill drilling of approximately 18 holes with the intention of upgrading the Farley Lake resource estimate. Currently Farley Lake has a National Instrument 43-101 resource estimate totalling 610,000 ounces of gold in the indicated category grading 3.21 grams per tonne and 403,000 ounces Au in the inferred category grading 2.87 g/t.Bruce Reid, president and chief executive officer of Carlisle, statest: "Infill drilling will be focused within the 800-metre strike length of the existing NI 43-101-compliant resource. We intend to move forward with ensuring the Farley Lake resource is upgraded so we can continue to plan for feasibility-level studies. We expect to have the first batch of drill results back early in the new year."
Quality assurance
Peter Karelse, PGeo, vice-president of exploration of Carlisle, is a qualified person under the terms of NI 43-101, and has reviewed the technical content of this press release on behalf of the company and approved its dissemination. |
