Newcastle is pleased report it has engaged MPH Consulting Limited to complete a National Instrument (NI) 43-101-compliant technical report on the company's Swayze Belt Properties that adjoin IAMGOLD Corporation's multi-million ounce Cote Gold Project located halfway between Timmins and Sudbury. Based on historical and recent exploration data, MPH Consulting has concluded the following: "Newcastle's Swayze Properties [...]
Newcastle Minerals announces that it intends to proceed with a restructuring that will include a share consolidation, name change, trading symbol change and financing. The proposed share consolidation will exchange one new common share for every five old shares. The Company's present issued and outstanding capital of 103,566,118 common shares will be reduced to 20,713,224 common shares.
Newcastle is pleased to provide an update on its Pickle Lake exploration program, which has successfully discovered new gold occurrences on the Fault Creek Property. In August, Newcastle shifted its focus from the Southwest Powderhouse area of the extensive property and the area contiguous to PC Gold's property - where it successfully identified gold-hosting structures - to the southern extent of the property, including a [...]
Newcastle has engaged Billiken Management Services to conduct an exploration program consisting of detailed compilation of existing data, mapping, mucking out and detailed sampling of several known historic trenches in the Fault Creek area, and drill testing under the known showings and along strike using a man portable prospector drill. Newcastle carried out a brief program of mapping and sampling in the Fault Creek area [...]
Newcastle is pleased to announce that NY85 Capital has commenced a drill program on Newcastle's Carscallen property. NY85 Capital has the option to earn a 60-per-cent undivided interest in the property by making cash payments to Newcastle over a period of two years totaling $85,000 and issuing to Newcastle over a period of two years a total of 750,000 NY85 common shares. In addition, NY85 Capital Inc. must incur [...]
Newcastle is pleased to announce that it has closed its previously announced non-brokered private placement of 10,000,000 units at a price of $0.05 per unit with Trelawney Mining and Exploration Inc. Newcastle's President, Michael Romanik, said, "We welcome Trelawney Mining and Exploration Inc. as a strategic Newcastle shareholder. We expect to develop a productive, long-term relationship with Trelawney, including the [...]
Newcastle is pleased to announce that it has negotiated, subject to regulatory acceptance, a non-brokered private placement of 10,000,000 units at a price of $0.05 per unit with one investor. Each unit consists of one common share and one-half of one warrant. Each full warrant, in turn, entitles the holder to purchase an additional common share at a price of $0.10 for a period of one year from the closing of the offering [...]
Newcastle is pleased to provide an update on its 100% owned South Swayze Greenstone belt properties in northwestern Ontario. A two-phase prospecting program was carried out between September 22 and November 14, 2011, with a focus on the Neville-Potier Project. A total of 241 samples were taken and promising gold and copper results were returned. A geological mapping and sampling program is being planned for the spring of [...]
Newcastle has engaged Billiken Management to conduct a surface reconnaissance program on Newcastle's Pickle Lake area claims. The 27,000-acre Pickle Lake project is divided into three claim groups known as the Western Claim Group, the Crowshore Patents and the Crowshore North Group. In brief, the work plan is as follows:
Newcastle is pleased to announce that it has, subject to regulatory acceptance, granted an option to Rodocanachi Capital Inc. on Newcastle's Carscallen Property located in the West Timmins area of Ontario. To exercise its option and acquire a 60% interest in Newcastle's Carscallen Property, Rodocanachi must pay Newcastle $85,000 and issue 750,000 Rodocanachi shares over the next two years, and complete $900,000 of [...]
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