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Completion of Drill Program On Snip North Property
December 18, 2006
Victoria, BC December 18, 2006 - Newcastle Minerals Ltd. (TSXV: NCM) is pleased to announce the results of the diamond drilling program on its wholly-owned Snip North Property in the Iskut Corridor of northwestern British Columbia. The Snip, Johnny Mountain and Bronson Slope deposits are located within 5 kilometers of the Snip North Property. Five holes totaling 1,095 meters were drilled between October 9 and 23, 2006. These holes were designed to test a porphyry copper-gold-molybdenum target that was defined by geological mapping, magnetic surveys, soil geochemistry and previous drilling. Several of these previous holes intersected long intervals of gold, copper and molybdenum mineralization from the surface to the bottom of the holes. The 2006 drill results tend to validate the assays from the previous drilling.
The five holes drilled in 2006 tested a 400-meter long section of a 1.5 kilometer-long coincident geochemical and magnetic anomaly. Due to rockslide conditions, only one hole (SN-06-03) tested the highest part of the magnetic anomaly. Drill hole locations and assays have been posted to Newcastle’s website at www.newcastleminerals.com
Four of the holes intersected long intervals of mineralized and pervasively altered sediments – the significant results are tabulated below:
|
DDH # |
From (m) |
To (m) |
Length (m) |
Au (g/t) |
Cu (%) |
Mo (%) |
|
SN-06-01 |
110.7 |
182.9 |
72.2 |
0.21 |
0.07 |
0.003 |
|
|
|
|
|
|
|
|
|
SN-06-02 |
75.0 |
201.5 |
126.5 |
0.33 |
0.12 |
0.008 |
|
including |
99.4 |
157.0 |
57.6 |
0.39 |
0.14 |
0.005 |
|
|
|
|
|
|
|
|
|
SN-06-03 |
11.6 |
203.0 |
191.4 |
0.28 |
0.10 |
0.018 |
|
including |
20.1 |
102.4 |
82.3 |
0.38 |
0.13 |
0.030 |
|
|
|
|
|
|
|
|
|
SN-06-04 |
6.1 |
213.7 |
207.6 |
0.27 |
0.08 |
0.001 |
|
including |
17.1 |
23.2 |
6.1 |
2.35 |
0.11 |
0.001 |
|
|
|
|
|
|
|
|
|
SN-06-05 |
72.2 |
75.3 |
3.1 |
2.40 |
0.04 |
0.001 |
Two of the holes intersected shear-vein zones with higher-grade gold values. The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David G. DuPre, P. Geo., the designated Qualified Person for this project. A rigorous chain-of-custody and QA/QC program, consisting of the insertion of standard control samples, duplicates and blanks was applied to the N thin-walled diameter, sawn half-core samples. Sample preparation was done by an Assayers Canada facility in Telkwa, BC and the analyses by an Assayers Canada laboratory in Vancouver, BC.
Samples are analyzed by fire assay fusion with an inductively coupled plasma atomic emission spectroscopy (ICP-ES) finish for gold, and dilute aqua-regia digestion with ICP-ES for a multi-element suite.
ON BEHALF OF THE BOARD Signed “Kevin Whelan”
Kevin C. Whelan, President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information contact:
Kevin Whelan, President - (250) 474 – 7999
Brett Whitelaw,Director - (778) 836 - 5891
www.newcastleminerals.com
Important Information
Newcastle Minerals Ltd. has prepared the foregoing for information purposes only. The information contained herein was prepared by management on a best efforts basis and is believed to be accurate. It may contain forward-looking statements about the Company'[s plans for the exploration and development of its properties. Newcastle Minerals Ltd. recognizes that the exploration and development of gold deposits are speculative activities subject to risks and uncertainties, and actual events, results and expenditures may differ materially from current expectations. Newcastle Minerals Ltd. will not be responsible for any loss or damage arising from the use of this information.
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