Ivy Copper-Gold Project DC Resistivity-IP Survey Targets Identified

VANCOUVER – Carlin Gold Corporation reported on the DC Resistivity-IP Survey on its Ivy skarn copper-gold project in northeastern Nevada. Geological mapping has identified an area approximately 1.6 km long and up to 150 m wide with zones of strong skarn alteration/mineralization containing predominantly fine-grained disseminated chalcopyrite and bornite with minor pyrite (Main Skarn Zone “MSZ”). The MSZ was targeted for IP geophysics testing shallow (up to 250 m depth) prospective areas immediately under the MSZ and for any deeper causative bodies such as buried mineralized intrusions.
Inversion modelling identified a continuous IP anomaly with the 75 m dipole spacing, coincident and under the MSZ at least 1,500 m long and 200-300 m wide. The anomaly is open on strike and at depth below 250 m. The deeper 200 m dipole survey showed that the IP anomaly detected with the 75 m dipole spacing continues to depth. The 200 m dipole survey also encountered a deeper (400-500 m) separate IP anomaly adjacent to and under the 75 m dipole anomaly. The 200 m dipole survey anomaly is open north and south of the surveyed lines. Carlin Gold is reviewing the results and formalizing a drill program to test all priority anomalies.
Wayne Livingstone, President, said, “Excellent mapping by Carlin’s consulting geologist identified the MSZ leading to modeling the IP program to test for a buried copper mineralized skarn body and also the potential for a deeper buried causative source. Both IP testing models successfully produced drill targets. We look forward to drilling these large and continuous IP responses.”