GOLD: Initial estimate for Farley Lake points toward 1-M oz

MANITOBA – Carlisle Goldfields of Toronto has released the initial resource estimate for the Farley Lake gold project, saying there may be over 1.0 million oz of contained gold in the indicated and inferred categories. The property is...

MANITOBA – Carlisle Goldfields of Toronto has released the initial resource estimate for the Farley Lake gold project, saying there may be over 1.0 million oz of contained gold in the indicated and inferred categories. The property is located about 35 km east of Lynn Lake.

Carlisle offered numbers for both in-pit and outside the pit shell, using a 0.4 g/t cut-off for in-pit resources and a 2.0 g/t cut-off for resources deemed to be outside the pit. The total indicated portion is 5.91 million tonnes at 3.21 g/t Au, almost all of which is within the pit shell. The total inferred resource is 4.36 million tonnes grading 2.87 g/t Au, of which more than 80% lies within the planned open pit.

The former Farley Lake mine produced over 200,000 oz of gold from two open pits between 1997 and 1999.

See the interactive map of all Carlisle's properties at CarlisleGold.com.

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