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New Carolin Gold Higher After Gaining Initial Permits to Re-Start Carolin Mine in B.C.

New Carolin Gold Corp. (LAD.V) pushed back into positive territory, with shares now up 4 cents at $16.89 each after securing a mine operations permit for the Carolin mine site in southwestern British Columbia, likely resulting in significant cost savings in the future for the junior mining company.

The permit includes the permitted tailings impoundment. New Caroline plans on updating former site operational permits when required and putting the mine back into production. The original mine permit is for a 1300 ton/day operation. Any development of potential mining areas off the permitted mine site area will require an amendment to the existing mine permit.

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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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