GoldON Resources, is pleased to announce that interpretation of airborne geophysical data by the Company's independent geological consultant has identified a priority area for the next phase of exploration on the Company's 100% owned Swayze Gold Property that adjoins IAMGOLD's Cote Gold Project in Ontario. The Property consists of three non-contiguous claim blocks in the Swayze Belt, which is the southwestern extension of [...]
GoldON Resources formerly Newcastle Minerals Ltd., is pleased to announce that effective at the opening of trading today the Company's share capital began trading on a post-consolidated basis under the new ticker symbol: GLD. Letters of transmittal describing the process by which shareholders may obtain new GoldON Resources Ltd. certificates representing their consolidated Newcastle Minerals Ltd. common shares will be [...]
Newcastle Minerals is pleased to announce that its shareholders have voted overwhelmingly in favour of the restructuring plan announced January 10, 2013. The Company will now proceed with the restructuring that will include: a share consolidation, with one new common share exchanged for every five old shares, that will result in the Company's current issued and outstanding capital of 103,566,118 common shares being [...]
Newcastle Minerals is pleased to announce the discovery of a mineralized gold horizon at surface on the Fault Creek Project where assay results from 4 grab samples and 8 channel samples returned gold values of up to 7.14 grams per tonne (g/t). Prospecting and channel sampling was conducted to test an iron formation along strike from a historical gold showing that was identified earlier in 2012 during the compilation of [...]
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 [...]
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