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Last C$0.21 CAD
Change Today -0.02 / -8.70%
Volume 88.9K
As of 3:59 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

carlisle goldfields ltd (CGJ) Snapshot

Open
C$0.22
Previous Close
C$0.23
Day High
C$0.22
Day Low
C$0.21
52 Week High
11/13/14 - C$0.46
52 Week Low
09/30/14 - C$0.13
Market Cap
11.5M
Average Volume 10 Days
56.6K
EPS TTM
C$-0.04
Shares Outstanding
54.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CARLISLE GOLDFIELDS LTD (CGJ)

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carlisle goldfields ltd (CGJ) Details

Carlisle Goldfields Limited, a junior mining and development company, engages in the acquisition, exploration, and development of gold and silver projects in northern Manitoba and Ontario, Canada. The company primarily holds exploration claims and mining leases interest in the Lynn Lake Greenstone Belt of Manitoba (Lynn Lake Gold Camp) covering an area of approximately 35,304 hectares. Its principal projects in Lynn Lake Gold Camp include the MacLellan Mine project, which holds 31 exploration claims and 4 mining leases covering an area of 4,851 hectares; and the Farley Lake project that holds 70 mineral exploration claims and 4 mining leases covering an area of 12,732 hectares. The company was formerly known as AMPX Corporation and changed its name to Carlisle Goldfields Limited in May 2006. Carlisle Goldfields Limited was incorporated in 2005 and is headquartered in Toronto, Canada.

3 Employees
Last Reported Date: 11/28/14
Founded in 2005

carlisle goldfields ltd (CGJ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$70.0K
Executive Chairman
Total Annual Compensation: C$120.0K
Chief Financial officer
Total Annual Compensation: C$80.4K
Vice President of Exploration
Total Annual Compensation: C$164.3K
Compensation as of Fiscal Year 2014.

carlisle goldfields ltd (CGJ) Key Developments

Carlisle Goldfields Limited Announces Infill Drill Results on the Farley Lake Mine Project

Carlisle Goldfields Limited announced the results of a quarterly feasibility update from an initial 4,841.2m of drilling in 38 holes on the 2015 feasibility-level Infill drill program at the Farley Lake Mine Project (Table 1). While several holes were also dedicated to condemnation testing of the modeled deposit margins, drill hole FL15-38 also intersected 16.4 g/t gold ("Au") over 9.3m between 212.0m to 221.8m downhole. Carlisle's partner Alamos Gold, as Operator, has a 25% interest in the Lynn Lake Joint Venture (LLJV) and has the right to increase its interest to 51% by spending CAD 20 million on the advancement of a Feasibility Study by November 10, 2017. Alamos may increase its interest in the LLJV to a maximum of 60% by delivering a compliant Feasibility Study within the same period. The partners are also jointly funding a CAD 4 million Special Exploration program outside the Feasibility Study area in calendar 2015. Carlisle is the Operator of Special Exploration on the balance of the approximately 38,000 hectare LLJV land position.

Carlisle Goldfields Limited Announces High Grade Exploration Drill Results Outside Feasibility Study Area at Lynn Lake

Carlisle Goldfields Limited announced interim assay results from multiple horizons in the first 5 holes on its 2015 "Special Exploration" drill program outside the Feasibility Study area on Lynn Lake Joint Venture (""LLJV") ground at Lynn Lake, Manitoba. Drill hole DV15-04 intersected 1.63 grams per tonne ("g/t") gold ("Au") over 10.6 m between 35.6 m to 46.2 m and 5.63 g/t Au over 5.6m between 150.8 to 156.4m downhole, including 24.49 g/t Au and 59.0 g/t silver over 0.69 m. Carlisle's partner AuRico Gold ("AuRico") has a 25% interest in the LLJV and has the right to increase its interest to 51% by spending CAD 20 million on the advancement of a Feasibility Study by November 10, 2017. AuRico may increase its interest in the LLJV to a maximum of 60% by delivering a compliant Feasibility Study within the same period. The partners are jointly funding a CAD 4 million Special Exploration program outside the Feasibility Study area in calendar 2015. Carlisle is the Operator of Special Exploration on the balance of the 35,000 hectare LLJV lands. An internal GIS database compilation of historical drilling and sampling results is a useful guide to further exploration work in the area. Two historic drill holes in the Maynard Lake area reported an intersection of 0.93g/t Au over 13.2m. These results are historical in nature, have no core available for resampling, are of uncertain location and should not be relied upon.

Carlisle Goldfields Limited Announces the Feasibility Update and the Start of Exploration Drilling on the Lynn Lake Joint Venture

Carlisle Goldfields Limited provided an update on the Lynn Lake Joint Venture with AuRico Gold Inc. The update includes a report on Feasibility Study activities to the end of the first quarter of 2015 and the commencement of Special Exploration drilling on the balance of the Property. A Feasibility Study is being conducted on the potential for economic open pit mine production from the MacLellan and Farley Lake gold deposits on the LLJV lands. The feasibility study deposits are past-producing brownfields assets located within the Agassiz Metallotect of the Lynn Lake greenstone belt. The MacLellan deposit has a previously reported (February 27, 2014) NI 43-101 compliant Measured and Indicated open pit-constrained mineral resource of 18.0 million tonnes at an average grade of 1.87g/t gold and the Farley Lake deposit has an NI 43-101 compliant Measured and Indicated open pit-constrained mineral resource of 5.3 million tonnes at an average of 3.31g/t gold. Conceptually, the two deposits will jointly feed a single processing plant located in the area of the MacLellan deposit 8km northeast of the Township of Lynn Lake. Recent progress on the Feasibility Study includes: Carlisle also announced the commencement of a 3,500 m drill program in the Dunvegan area along strike to the west of the Linkwood and Burnt Timber deposits on the Johnson Shear structure within the Lynn Lake greenstone belt. The Burnt Timber deposit has a previously reported (December 2, 2013) NI 43-101 compliant Inferred open pit-constrained mineral resource of 23.4 million tonnes at an average grade of 1.04g/t gold and the Linkwood deposit has an NI 43-101 compliant Measured and Indicated open pit-constrained mineral resource of 21.0 million tonnes at an average of 1.16 g/t gold. Two geological/prospecting field crews will also be on the LLJV lands this summer evaluating a variety of historical gold occurrences for future drill testing. Feasibility Drilling Program: At April 27, 2015 the LLJV had completed 6,700 m of infill resource confirmation drilling out of a proposed total of approximately 10,000 m at the Farley Lake deposit area. An additional 12,500 m of resource confirmation drilling is also planned for the proposed MacLellan deposit area. Metallurgy Program Progress: a drill core-based, comprehensive, metallurgical beneficiation study on both the Farley Lake and MacLellan deposits has commenced with SGS Laboratories of Toronto. Geochemical Modeling for Acid Rock Drainage: Phase 1 geochemical testing and whole rock analysis will be conducted on a comprehensive rock sample suite for acid-base accounting, presence of deleterious elements, sulfur balance and carbonate buffering potential. Further testing will depend on the outcome of Phase 1 testing.

 

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