Surface and shallow sub-surface expression of the mineralization and alteration in drill holes are interpreted to be evidence for the top of a robust hydrothermal system, which could expand at depth, where there is potential for a more developed gold and silver system, based upon the geologic modeling and logging of these holes.
Carlyle’s President and CEO, Morgan Good, commented, “Carlyle is excited to yet again receive positive drill results from the Cecilia Phase 1 campaign.
These new results, continue to build upon the historic work by Cambior and others, combined now with the 2021 drilling campaign is beginning to show new target ideas, new gold mineralization controls, and widening the perspective for discoveries.
The matrix can be partly infilled with chalcedonic or milky white quartz, which in hydrothermal systems is well known to be shallow in the system features .
The Carlyle and Riverside exploration program is on track and plans are to continue with more drilling and building upon these positive results from the Phase 1 program at the Cerro Magallanes dome, as well as over the entire district, which includes at least 6 additional targets.
The rejects remained with Bureau Veritas in Mexico while the pulps were transported to Bureau Veritas laboratory in Vancouver, BC, Canada for 45 element ICP/ES-MS analysis.
Carlyle owns 100% of the Newton Gold Project in the Clinton Mining Division of B.C, as well has formed a strategic partnership with HDI under the symbol “CCC”.
Other factors may also adversely affect the future results or performance of the Company, including general economic, market or business conditions, future prices of gold or other precious metals, changes in the financial markets and in the demand for gold or other precious metals, changes in laws, regulations and policies affecting the mineral exploration industry, and risks related to the Company’s investments and operations in the mineral exploration sector, as well as the risks and uncertainties which are more fully described in the Company’s annual and quarterly management’s discussion and analysis and other filings made by the Company with Canadian securities regulatory authorities under the Company’s profile at www.sedar.com.