MANITOBA – Toronto’s Carlisle Goldfields has released the first results from its 4,000-metre drilling program at its Last Hope gold project 20 km southeast of Lynn Lake. Hole LH12-01 returned 6.0 g/t Au over 3 metres within an 8-metre section that assayed 2.8 g/t Au. Hole LH12-01 returned 9.8 g/t Au over 3 metres within a 7-metre intersection grading 5.1 g/t Au. The deposit remains open at depth and along strike.
The Last Hope property was explored and drilled in the early 1980s The non-compliant historical resource was estimated to be 888,000 tonnes of mineralized material at a grade of 9.4 g/t Au, or over 270,000 oz of gold. Most of the mineralization was intersected within 150 metres of the surface.
Carlisle continues to drill to expand the resource along strike and to prepare a 43-101 compliant measured and indicated resources estimate.
The Last Hope property is within a few kilometres of Carlisle’s Burnt Timber project. More information is available at CarlisleGold.com.