Duncastle Gold Starts Drilling At Yankee-Dundee Property

 

VANCOUVER, BC - Duncastle Gold Corp. reported that drilling has started on its Yankee-Dundee property located three kilometres northeast of Ymir, in southeastern British Columbia.

Duncastle said it plans a first phase drill program of up to about 1,100m to test the Yukon, Max and 400 Shoots, located on the shallow un-mined extension of the Yankee Girl structure, as well as recently developed targets at the Goodenough mine and Bonus vein. This drill program will extend the 4,930m of drilling from 37 holes undertaken by Duncastle since its acquisition of the property in 2007 at an aggregate cost of over $2 million.

Results from 2007-08 drilling on the Yankee Girl structure indicate that the Yukon Shoot (thickest and most continuous portion of the vein) persists to a depth of some 280 metres. Higher grade intervals within the core of the Yukon Shoot assay up to 14.14g/t Au, 281g/t Ag, 11.13% Pb and 12.58% Zn over an estimated true thickness of 3.23 metres. Within the area of the Yukon Shoot, the Yankee Girl structure remains largely untested for over 240 metres to the east (toward the historic workings) and down plunge beneath its occurrence in the deepest workings of the Yankee Girl Mine. The entire mineral system remains open along strike to the west.

A 2008 Summary Report on Exploration on the Yankee-Dundee Project recommends a multi-stage exploration program comprising +5,300 metres of surface and underground diamond drilling on the Yankee Girl and adjacent vein systems and continued surface exploration of several precious-metal-rich mineral showings throughout the 5,987 ha property.

Later in the year the company plans to commence a recommended rehabilitation of the Wildhorse Adit, consisting of minimal timber and drainage work as a prelude to 2,300 metres of drilling on numerous targets from underground. The Wildhorse Adit is a 1,417 metre exploration adit built during the period 1928 to 1954 that intersects the Bonus vein and meets the Yankee Girl vein 110 metres below the old mine workings.

The companys address is Suite 1100, 1199 West Hastings Street, Vancouver, BC V6E 3T5, 604.684.9384, email: [email protected].