TSX:CGD.V
Last: 0.105
Volume: 270000
Change: +0.01
Date: 2/22/2012
Time: 3:56pm
15-20 min delay
Carlin Gold Corporation is a Vancouver-based exploration company focused on Carlin-type gold targets in Nevada and Yukon. The company has three wholly-owned properties in northern Nevada, and is a fifty percent partner in the Carlin-Constantine joint venture which controls about 5,000 claims in the Selwyn Basin area of eastern Yukon. The Yukon Joint Venture has recently completed an aggressive exploration program on its 1000 square kilometre (385 square miles) land position which includes silt/soil/rock sampling with prospecting and geological reconnaissance. Approximately 13,000 samples have been collected. Detailed targeting is guided by on-site XRF analytical information followed by lab analysis. Significant gold values have been encountered in the initial coverage and several target areas are at the drill hole target evaluation stage.
The Company’s flagship Nevada property, Cortez Summit, is located in the Cortez gold trend four miles east of Barrick Gold Corporation’s Cortez Hills mine and between Barrick’s past producing Horse Canyon and Buckhorn mines. The Cortez gold trend exceeds 39 million ounces total gold produced, reserves and resources. Barrick’s Cortez district’s 2010 operations produced are reported to be 1.14 million ounces of gold, which included the start of production at Cortez Hills. Several priority drill targets have been defined at Cortez Summit and a drill permit application is in progress. Barrick Gold recently announced two new discoveries on the Cortez trend. Red Hill contains a 3.5 million ounce gold resource, and is located just 1.2 miles south of the property in a similar geological environment. The JDS property, 12 miles southeast of Cortez Summit, is overlain by late Tertiary sedimentary rocks and alluvium. Drill targets have been defined by gravity and mercury-gas geochemistry. Drill permitting will be initiated in Q4 2011.
The Company’s Willow property in Nevada’s Pequop Mountains is northwest of the recent Long Canyon gold discovery which is part of Newmont Mining Corporation’s recent $2.3 billion acquisition of Fronteer Gold Inc. Drill targets have been defined by series of northeast-trending, high-angle faults. The Willow property is permitted for drilling.