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Duncastle Gold Identifies New High-Grade Gold Target at Drayton Project, NW Ontario

Duncastle Gold Corp. (DUN.V) reported today that it has received the final data and maps from a detailed, helicopter-borne electromagnetic and magnetic survey completed by Fugro Airborne Surveys on its recently acquired Drayton gold project.

Initial analysis of the current survey has revealed a possible dilation zone within the Sioux Lookout fault system with significant structural disturbance indicative of both alteration and deformation. These in turn present excellent targets for follow-up by subsequent geological studies and potential drilling programs later in 2013 as excellent exploration potential is believed to exist for high-grade gold mineralization similar to that found elsewhere in the Wabigoon Archean greenstone belt, Duncastle Gold said in a statement.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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