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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (13459)	2/13/2016 7:36:34 AM
From: Goose94	Read Replies (2) \| Respond to of 202865

NewCastle Gold (NCA-V) Feb 12, '16 reports that the President of the United States, Barack Obama, today proclaimed a new Castle Mountains National Monument (the "Monument"). We are pleased to report that the Company's claim holdings, private land held by the Company and certain adjacent BLM lands are not included in the Monument. Moreover, the proclamation states that any valid existing rights in the Monument itself will be maintained. Highlights of the Announcement The Castle Mountains National Monument is an approximately 20,920-acre parcel located on the California-Nevada boundary and surrounded on three sides by the Mojave National Preserve The monument surrounds but does not currently include an approximately 8,340 acre parcel referred to as the Castle Mountain Mine Area, consisting of BLM - managed Federal land, State land, and private land The proclamation directs that after any such mining and reclamation are completed, or after 10 years if no mining occurs, the Federal land in the Castle Mountain Mine Area is to be transferred to the National Park Service. The Castle Mountains National Monument follows Senator Feinstein's 2015 Senate bill proposal closely, both in terms of boundaries and management, with only slight variation, such as a modest expansion of the Castle Mountain Mine Area to accommodate the existing route of the access road. "We are pleased to see resolution to long-standing land designation issues in the area. The land that remains under BLM control extends well beyond our resource limits and claim boundaries and includes ample land for potential project development. As Senator Feinstein stated in October 2105: 'Simply put: existing mining operations - including the preliminary work to reopen the mine at Castle Mountain - would not be adversely affected by monument designations.' The Company appreciates that it has been consulted throughout this process and that the new land designation reflects a compromise position that meets our needs as well as respecting the interests of other stakeholders and the public in the area. We are committed to responsible development of our operation," stated Newcastle Gold CEO David Adamson. The proclamation designates approximately 21,000 acres in the new Monument and is made pursuant to the 1906 Antiquities Act which grants the president the authority to protect landmarks, structures, and objects of historic or scientific interest by designating them as National Monuments. Details on the announcement are available for viewing at: https://www.doi.gov/pressreleases/secretaries-jewell-vilsack-applaud-president-obama%E2%80%99s-designation-three-new-national. A map of the Castle Mountain Monument Area can be viewed at: https://www.doi.gov/sites/doi.gov/files/uploads/CMNM_01062016_draft_withdisclaimer%20%281%29_0.pdf. Source: October 10, 2015. Desert Dispatch. Letter to the Editor from Senator Dianne Feinstein. About NewCastle NewCastle has 100% of the right, title and beneficial interest in and to the Castle Mountain Venture, a California general partnership, which owns the Castle Mountain property (the "Project") in San Bernardino County, California. The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2001, when mining was suspended due to low gold prices. The Mine and Reclamation Plan, under which the mine operated, was authorized by the County of San Bernardino as the Lead Agency and remains in effect. Water for the drill programs was accessed from existing patented wells on the Project. An updated NI 43-101 resource for the project was announced December 2, 2015 which includes Measured plus Indicated Mineral Resources of 219.9 million tonnes grading 0.59 g/t gold and containing 4.19 million gold ounces along with Inferred Mineral Resources of 40.8 million tonnes grading 0.58 g/t gold and containing 0.76 million gold ounces. The Project hosts a disseminated low sulphidation epithermal system. Gold is primarily hosted by late-stage rhyolite volcanic units within zones of silicification and brecciation associated with northeast-southwest trending/southeast dipping fault structures which are interpreted to have developed within a collapsed caldera environment. Eleven gold domains are represented by both steep and shallow-dipping orientations. Ian R. Cunningham-Dunlop, P. Eng., the Company's Vice President Exploration is the designated Qualified Person for this news release within the meaning of NI 43-101. He has reviewed and verified that the technical information contained in this release is accurate and has approved of the written disclosure of the same. NewCastle Gold Ltd. Marty Tunney 416-572-0151 mtunney@newcastlegold.ca