Carlin Gold identifies targets at Ivy project

Executive Summary

• Carlin Gold Corp. has released results from a DC resistivity-IP geophysical survey conducted on its 100%-owned Ivy copper-gold project in northeastern Nevada.
• The survey identified significant IP anomalies coincident with and underlying the Main Skarn Zone (MSZ), leading to the formulation of a new drill program to test these priority targets.
• The company has expanded its land position, staking 53 additional claims to bring the total Ivy project holdings to 161 claims.

Key Details

• Survey Conducted: DC resistivity-IP survey performed by Zonge International, Inc.
• Target Area: The Main Skarn Zone (MSZ), identified via geological mapping as an area ~1.6 km long and up to 150 m wide, containing fine-grained disseminated chalcopyrite and bornite.
• 75-Metre Dipole Spacing Results:
  • Identified a continuous IP anomaly coincident with and under the MSZ.
  • Anomaly dimensions: At least 1,500 m long and 200 to 300 m wide.
  • Status: Open on strike and at depth below 250 m.
• 200-Metre Dipole Spacing Results:
  • Confirmed the 75 m dipole anomaly continues to depth.
  • Identified a separate, deeper IP anomaly located 400 to 500 m deep, adjacent to and under the 75 m dipole anomaly.
  • Status: Open north and south of the surveyed lines.
• Next Steps: Carlin Gold is reviewing results and formalizing a drill program to test all priority anomalies identified by the IP responses.
• Land Position: The company staked 53 additional claims, totaling 161 claims on the Ivy project (subject to a mineral royalty).

Notable Quotes

• Wayne Livingstone, President: "Excellent mapping by Carlin's consulting geologist identified the MSZ leading to modelling 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."