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Hole-y shiit! Is This Canada's Next Biggest Gold Play?

Hole-y shiit! Is This Canada's Next Biggest Gold Play?
Written by
Adam Emes
Adam Emes
Published on
April 18, 2023
Read time
2
 min read

Carlyle Commodities Corp. (CSE: CCC) is like a gold digger with a keen eye for a good deal. They snatched up the 24,000 hectare Newton Gold Project for a steal during the pandemic-induced slump in the precious metals market. This project is strategically located just a stone's throw away from several neighboring mines, including the impressive Blackwater Gold project, which was sold to Artemis Gold Inc. (TSXV: ARTG) for a whopping $120 million. It's safe to say that Carlyle Commodities Corp. knows how to strike gold - both literally and figuratively.

The Newton property is like a fine wine - it has only gotten better with age. Starting from its humble beginnings in 1916 when Mr. Newton dug up minerals from a small shaft and open cuts, it has seen intermittent attention from various mineral-hunting companies between 1972 and 1997. But it wasn't until 2004 to 2006 when High Ridge Resources gave it some much-needed TLC - database compilation, geophysical surveys, and drilling of 2,000 meters. It's safe to say that the Newton property has aged gracefully, and it's only getting better with time.

Carlyle didn't just hit the jackpot when they acquired the Newton property from Amarc in 2020; they hit the motherlode! After a makeover that would make any reality TV star jealous, Carlyle completed an updated resource estimate in June 2022, showcasing the deposit's incredible 861,400 inferred ounces of gold and 4,678,000 inferred ounces of silver, both with an impressive average grade. The resource estimate may cover just 7% of the anomaly, but who said size matters? At 0.5 square kilometers, this is the little deposit that could. Carlyle's work on the Newton property is nothing short of gold(en) and proves that the right TLC can turn even the smallest of areas into a treasure trove. 

Carlyle knows that when it comes to geological characteristics, it's all about that twinning! The Newton Gold Project is practically a clone of the Blackwater Gold Project, which is set to make waves in the gold mining world when production begins in 2024. Both properties are home to low-to-intermediate sulphide epithermal gold-silver deposits, nestled in felsic volcanics with silica-sericite alteration. It's like they're long-lost siblings! The Blackwater Gold Project boasts measured and indicated resources of 11.9 million ounces of gold and 128 million ounces of silver, with grades that rival those found in the current resource estimate at the Newton project. Carlyle's got a gem on their hands, and the similarities between these two projects are proof that great minds think alike, even in the world of geology… 

Carlyle Commodities Corp (CSE: CCC) struck gold (and silver) with their first drill hole at the Newton Gold-Silver Project near Williams Lake, BC. The results of the assay, released this morning, are like music to investors' ears.

Check out the highlights:

N23-089: 689 metres of 0.51 g/t gold, 1.48 g/t silver from 18.0 metres depth

Including 548 metres of 0.60 g/t gold, 1.75 g/t silver from 18.0 metres

Including 448 metres of 0.67 g/t gold, 2.03 g/t silver from 18 metres

Including 30 metres of 1.24 g/t gold, 1.61 g/t silver from 413 metres

Carlyle was drilling to test the continuity of the main mineralized domain beyond a depth of 500 metres, and it looks like they hit the jackpot! The felsic domain is much bigger than anyone anticipated, providing multiple opportunities to expand the current inferred resource estimate.  

**Disclaimer**

This article concerning Carlyle Commodities Corp ($CCC) has been produced by VHLA Media. Please be advised that Carlyle Commodities Corp ($CCC) is a client of VHLA Media, and we have been compensated $12,500 for marketing services related to this content.

The information and opinions presented in this article are solely those of VHLA Media and are intended for informational purposes only. They do not constitute financial, investment, or any other form of advice.

All information provided in this article is based on publicly available data. While we have made every effort to ensure the accuracy of the information, we cannot guarantee its correctness or completeness. Any conclusions drawn or opinions formed are based on what we believe to be true, and readers should conduct their own research and due diligence before making any financial decisions.

VHLA Media and its affiliates bear no responsibility for any actions taken based on the content of this article. Always consult with a financial professional before making investment decisions.

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