GOLD RESOURCE: Initial Burnt Timber estimate includes 780,500 oz

MANITOBA – Toronto-based Carlisle Goldfields says the initial resource estimate for its Burnt Timber project southeast of Lynn Lake has an indicated resource 1.02 million tonnes grading 1.40 g/t Au and an inferred resource of 23.4 million tonnes grading 1.04 g/t Au. The contained gold in both categories totals 780,500 oz.

In March 2012, Carlisle released numbers for the MacLellan gold project, and now the Burnt Timber. The company says it intends to publish resource estimates on its other properties – Linkwood, Last Hope and Farley Lake – within the next six months.

Peter Karelse, the company's VP exploration, commented, "We are very encouraged by the results of this initial or phase one resource for the Burnt Timber deposit. The addition of these new ounces to our compliant estimate shows that the Johnson shear structural complex has considerable potential. The focus of our phase two drill program at Burnt Timber will include raising parts of the resource to a measured and indicated quality."

More information is posted at CarlisleGold.com.