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carlin gold corporation (CGD) Snapshot

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11/27/13 - C$0.05
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Market Cap
1.2M
Average Volume 10 Days
500.0
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Shares Outstanding
78.9M
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carlin gold corporation (CGD) Details

Carlin Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in Nevada, the United States and Yukon, Canada. It primarily explores for gold. The company primarily has 100% interest in the Cortez Summit property comprising 142 claims located in the Cortez gold trend, Nevada. It also holds 100% interests in the JDS property 77 unpatented claims in Eureka county, Nevada; and the Willow Creek property consisting of 89 claims located in northeast Nevada, as well as interests in 3,9606 claims in the Mayo and Watson Lake Mining Districts, Yukon. The company is headquartered in Vancouver, Canada.

carlin gold corporation (CGD) Top Compensated Officers

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Compensation as of Fiscal Year 2012.

carlin gold corporation (CGD) Key Developments

Carlin Gold Corporation Auditor Raises 'Going Concern' Doubt

Carlin Gold Corporation filed its Annual on Feb 28, 2014 for the period ending Dec 31, 2013. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Carlin Gold Corporation Completes Limited Core Drilling Program on its Cortez Summit Property

Carlin Gold Corporation reported that it has completed a limited core drilling program on its Cortez Summit property, Eureka County, Nevada. The program consisted of entering and deepening one of the reverse circulation holes completed in 2012 on the west side of the Property and successfully established the presence of deeper, favorable 'Lower Plate' carbonate rocks within a prospective structural setting. Lower Plate rocks host the bulk of the gold mineralization in the Cortez district. In September 2013 the company re-entered vertical reverse circulation hole CS12-2 and deepened it from 1,760 ft. (537 m) to 4,032 ft. (1,229 m). Drilling was completed on October 25, 2013. Short intervals of anomalous gold values to 0.667 grams/tonne and Carlin-type pathfinder elements were encountered, as well as longer intervals of anomalous arsenic values (greater than 100 ppm) ranging up to 130 ft. (40 m) of drilled thickness. The bottom 900 feet (274 m) consisted of variably calcareous mudstone/sandstone, and silty/sandy, laminated, variably carbonaceous limestone. This material locally displays Carlin-type alteration features such as decalcification, clay alteration and calcite veining. Carlin geologists are encouraged that favorable Lower Plate carbonate rocks are present near the projection of the gold-bearing Fourmile structural corridor, at depths consistent with some of the holes in the north portion of Barrick Gold Corporation's neighboring Goldrush discovery. The company's primary target is Carlin-style mineralization in a structural and stratigraphic setting in Paleozoic sedimentary rocks similar to that at the nearby Cortez Hills mine and the adjacent new Goldrush resource. Most of the target is blind, covered by Miocene-age post-mineral gravel and basaltic andesite. The most prominent structure identified to date at Cortez Summit is the Fourmile fault zone, a north-northwest trending structural corridor which trends for 4,500 feet (1,370 m) along the west side of the Property.

Carlin Starts Cortez Summit Core Drilling Program

Carlin Gold Corporation announced that it has initiated a core drilling program on its Cortez Summit property, Eureka County, Nevada. The program will consist of entering and deepening one or two of the reverse circulation holes completed in 2012 on the west side of the Property and is designed to test deeper parts of the stratigraphic section. The two existing holes are vertical and are 1,500 feet (457 m) and 1760 feet (536 m) deep. Approximately 1500 foot (457 m) deepening extensions are planned. The 2012 reverse circulation drilling confirmed Carlin-type geology, alteration and geochemistry in the limited area tested, and encountered Carlin-type pathfinder elements in six of the seven holes drilled. One of the deeper holes penetrated and bottomed in a 300 foot (90 m) interval of variably laminated calcareous siltstones. Carlin geologists have tentatively assigned this calcareous unit to the Devonian Horse Canyon Formation, which overlie the rocks believed to host the bulk of gold mineralization at Barrick Gold Corporation's neighboring new Goldrush discovery. Goldrush lies less than a mile from the southwest corner of the Property. Cortez Summit is centrally located in Eureka County on the Cortez Trend, in the middle of what has become the most active gold exploration area in Nevada. The Property consists of 142 100%-owned unpatented claims located in the southern Cortez Mountains between the historic Buckhorn and Horse Canyon mines. The east edge of the Property lies 2/3 mile (1 km) west of the Buckhorn mine, and the west edge of the Property lies 1.5 miles (2.5 km) east of the Horse Canyon mine. Barrick's Cortez Hills operation (11 million oz gold pre-production reserve/resource) lies 4 miles (6.4 km) west of the Property. Goldrush has grown rapidly since the initial announcement on September 7, 2011 which stated a 3.5 million ounce inferred resource with a grade of 0.123 oz per ton gold (4.2 grams/ton). As at December 31, 2012, the estimated resources reported by Barrick stood at 14.1 million ounces, with a grade of 0.129 oz per ton gold (4.4 grams/ton). The resource is open in several directions. Barrick has stated that the geology at the new discoveries is similar to its other deposits in the district. Barrick has announced that they are advancing the project through prefeasibility and has stated that a number of development options are being considered.

 

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