Carlin Reports Initial Cortez Summit Drilling Results, and

Carlin Reports Initial Cortez Summit Drilling Results, and Plans for
Program Expansion 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/25/12 -- Carlin
Gold Corporation (TSX VENTURE:CGD) ("Carlin" or the "Company") is
pleased to report that it has received analytical results from the
recently completed initial drill program on its 100% owned Cortez
Summit property ("Cortez Summit"), Eureka County, Nevada. The program
consisted of seven vertical reverse circulation drill holes totaling
11,720 feet (3,573 m.) ranging in depth between 1500 and 1800 feet
(450 and 550 m.). Drilling confirmed Carlin-type geology, alteration
and geochemistry in the limited area tested. Anomalous gold with
Carlin-type pathfinder elements is present in six of the seven holes
drilled. One of the deeper holes penetrated and bottomed in a 300
foot interval of variably laminated calcareous siltstones and
limestones. Plans are being formulated to drill test other areas of
the property and to extend some of the initial holes by diamond
drilling to test deeper parts of the stratigraphic section.  
K. Wayne Livingstone, Carlin's President and CEO, comments, "This
initial round of exploration has demonstrated the opportunity for
Carlin-style mineralization under the Miocene basalts and gravels. We
are currently working to expand our permit area to allow us to drill
additional areas on the property closer to our southern and eastern
boundaries with Barrick's property. Cortez Summit is centrally
located in the middle of what has become the most active gold
exploration area in Nevada, and we look forward to continuing our
Anomalous arsenic zones (greater than 100 ppm) range up to 115 feet
(35 m) in drilled thickness and contain values up to 1,530 ppm
arsenic, 70 ppm antimony, 3 ppm thallium and 1.8 ppm mercury. Two
holes with the longest anomalous arsenic intervals were drilled 1,900
feet (580 m) apart on the west side of the property, and are located
in close proximity to a prominent north-northwest trending structure
that trends for 4,500 feet (1,370 m) along the western side of the
All holes encountered Paleozoic sedimentary rocks. One hole was
collared in the Paleozoic rocks on the west side of the property and
the other six were drilled into Paleozoic rocks beneath younger
Miocene basalts and gravels. Lithologies include grey-black
siltstone, with lesser sandstone and chert, and a significant
interval of variably laminated calcareous siltstones and limestones.
Carlin geologists have tentatively assigned this calcareous unit to
the Devonian Horse Canyon Formation, which overlie the rocks believed
to host the bulk of Barrick's Goldrush discovery. Carlin is
evaluating deepening one or more of the existing holes to fully
explore the prospective stratigraphy.  
Additional rock chip sampling in conjunction with the drilling
program expanded the previously identified area of anomalous gold
values on the west side of the property, including a zone along the
road cut at drill hole CS12-1 which averaged 0.175 ppm gold over 50
feet (15 m). This mineralized zone is located near the projection of
the north-northwest structure mentioned above. 
The Company is encouraged that the initial drill program, which
focused on only a small portion of the property, has encountered
favorable Carlin-type geology, alteration and geochemistry.
Additional drilling is being planned on an expanded permit area. 
JDS Property 
The Company recently drilled three widely spaced vertical holes
ranging in depth from 1,000 feet to 1140 feet on the JDS property.
JDS is located 21 kilometers southeast of Cortez Summit along the
southeast extension of the Cortez Gold Trend near the southernmost
Paleozoic carbonate window in the trend. Variably calcareous
Paleozoic lithologies were encountered in all three holes. Assay
results are pending. The target area is covered by late Tertiary
sedimentary rocks and alluvium and is defined by mercury gas and soil
geochemistry data indicating potential buried mineralization in the
northwest portion of the property. The geochemical target is
coincident with a gravity high, which suggests relatively shallow
bedrock. The mercury anomalies are considered important targets
because of the known mercury association with Cortez Trend
Carlin owns 100% of three properties in northern Nevada, all of which
represent Carlin-type gold targets. 
Cortez Summit Property 
The Cortez Summit property consists of 142 claims located on the
Cortez Trend in Nevada, adjacent to Barrick Gold Corporation's
("Barrick') recently announced gold discoveries, Red Hill and Gold
Rush and the past producing Horse Canyon and Buckhorn gold deposits.
The Cortez Trend contains a major gold endowment that exceeds 40
million ounces total gold produced, reserves and resources.
Production in 2011 at Barrick's Cortez district operations is
reported to be 1.42 million ounces of gold. 
On September 7, 2011 Barrick announced two new gold discoveries, Red
Hill and Goldrush, on property adjacent to Cortez Summit. The closer
Red Hill discovery was reported to contain an inferred resource of
3.5 million ounces of gold at a grade of 0.123 oz/ton. One of the
better holes reported at Red Hill contains 194 feet (59.1 m.) grading
0.90 ounces per ton gold, and is located 2,000 meters south-southwest
of Cortez Summit. Barrick states that the Red Hill geology is similar
to its other deposits in the district. Barrick's operating Cortez
Hills mine is located 6.5 kilometers west of the Cortez Summit.  
On February 16, 2012, Barrick announced an indicated and inferred
resource at Red Hill-Goldrush (now referred to by Barrick as
Goldrush) of 7.0 million ounces of gold as of December 31, 2011,
double the estimate reported just a few months earlier. The deposit
is open for expansion and Barrick has been drilling steadily with
several rigs throughout 2012.  
Willow Property 
The Willow property is located in northeast Nevada, northwest of the
new Long Canyon gold discovery in the Pequop Mountains, which is part
of the Newmont Mining Corporation acquisition in 2011 of Fronteer
Gold Inc., a $2.3 billion transaction. Carlin-type targets have been
defined in favorable silty carbonate rocks of the Roberts Mountain
Formation within an area of significant structural preparation,
alteration and Carlin-type geochemistry.  
Yukon Joint Venture 
Carlin also owns approximately 90,000 hectares distributed over 13
project areas in Yukon, in a 50/50 joint venture with Constantine
Metal Resources Ltd. The properties are early stage, with the initial
field evaluation program completed in 2011. Several significant gold
anomalies have been identified to date.  
K. Wayne Livingstone, President and Chief Executive Officer 
Robert Thomas CPG, Vice President of Carlin and a qualified person as
defined by Canadian National Instrument 43-101, has reviewed and
approved the technical information contained in this news release on
behalf of Carlin. Mr. Thomas supervised the QA/QC controls. Five foot
intervals of drill cuttings reverse circulation drill cuttings
(usually 5-7kg, dry weight) were collected from the drill rig in
polypropylene bags and were delivered directly, on-site, by Carlin
personnel, to the American Assay Laboratories prep lab truck.
American Assay Laboratories prep lab truck delivered the samples to
their Elko, Nevada prep facility. Prepared pulps were shipped by
American Assay Laboratories to their Sparks, Nevada lab where gold
was determined by fir
e-assay fusion of a 30 g sub-sample by ICP
(American Assay Laboratory procedure Au FA30). 0.5 gram splits were
analyzed for multi-element inductively-coupled plasma (ICP) atomic
emission spectroscopy (American Assay Laboratory procedure ICP-2BX),
following multi-acid digestion. The Company's standards and blanks
were regularly inserted into the sample stream. 
Forward looking statements: This news release includes certain
"forward-looking information" within the meaning of Canadian
securities legislation and "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act
of 1995 (collectively "forward looking statements")." Forward-looking
statements include predictions, projections and forecasts and are
often, but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "forecast", "expect",
"potential", "project", "target", "schedule", budget" and "intend"
and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar expressions
and includes the negatives thereof. All statements other than
statements of historical fact included in this release are
forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.  
Forward-looking statements are based on a number of material factors
and assumptions. Important factors that could cause actual results to
differ materially from Carlin's expectations include availability of
capital and financing in connection with future private placement,
regulatory approval, actual exploration results, changes in project
parameters as plans continue to be refined, results of future
resource estimates, future metal prices, availability of capital and
financing on acceptable terms, general economic, market or business
conditions, uninsured risks, regulatory changes, defects in title,
availability of personnel, materials and equipment on a timely basis,
accidents or equipment breakdowns, delays in receiving government
approvals, unanticipated environmental impacts on operations and
costs to remedy same, and other exploration or other risks detailed
herein and from time to time in the filings made by the Company with
securities regulators. Although the Company has attempted to identify
important factors that could cause actual actions, events or results
to differ from those described in forward-looking statements, there
may be other factors that cause such actions, events or results to
differ materially from those anticipated. There can be no assurance
that forward-looking statements will prove to be accurate and
accordingly readers are cautioned not to place undue reliance on
forward-looking statements. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
Carlin Gold Corporation
K. Wayne Livingstone
President and Chief Executive Officer
(604) 638-1402
(604) 608-3878 (FAX)
Press spacebar to pause and continue. Press esc to stop.