New Carolin Gold Shoots for the Moon in 2016

Spotlight Companies |

Carolin Mines, a former underground small gold producer from 1982 - 1984, Emancipation Mine (an intermittent small gold producer from 1916 - 1941), Pipestem Mine (intermittent small gold producer from 1935 - 1937), and numerous other gold prospects situated along 18 kilometers of the under-explored Coquihalla Gold Belt. once sold for $60 per share in 1982. Owning the same Canadian gold deposit that’s now showing potential, New Carolin Gold Corp. (TSXV: LAD), with a current market capitalization under $4 million, is the mining company to watch in the new year.

A Major Investment Opportunity

New Carolin Gold, a Canadian junior-stage exploration and mine development company, is focused on the exploration, evaluation and development of their strategic 144 square kilometers of contiguous mineral claims, collectively known as the Ladner Gold Project located near Hope, BC.

Bob Thast, President and CEO of New Carolin Gold, believes that New Carolin has the potential for "moon shot" gains. “I think that the cash flow story [from the gold in the tailings], with the current assets, the large land package, a clear geological story that tells us there could be many millions of ounces on this property,” said Thast, “we know we’ve got two resource estimates now, we’ve got a new discovery zone which we’re going to be talking more about here in the markets in the coming months, and certainly we believe that with a million dollars of development money that we can really advance this cause and substantially increase the current resources, and our aim is to prove up well over a million ounces of a mining grade with that money."

Gearing Up for the New Year

Remaining focused on their corporate strategy to increase market visibility, continue with creative financing, and continue with government, community and First Nations dialogue, New Carolin reported a number of significant operational milestones. Highlights of these milestones include:

  • Engaging Bob Singh P.Geo as a consultant to manage future exploration and development at the company’s Ladner Creek Gold Project.
  • Arranging financing for gross proceeds of up to $185,000 by way of a private placement of flow-through and non-flow-through units in the capital stock of the Company.
  • Engaging Dan Cardinal P.Geo to undertake a detailed geological mapping and sampling program along the McMaster gold-bearing zone
  • Completing the acquisition of an additional 30% interest in the mineral claims and crown grants held by Century Mining Corp. Inc. and Tamerlane Ventures Inc.
  • Completing its non-brokered private placement of 4,515,000 units in the capital of the Company at a price of $0.05 per unit for gross proceeds of $225,750.

Furthermore, the company announced a ground work program at its Ladner Gold Project, located 150 km East of Vancouver, BC, Canada, in the Coquihalla Gold Belt. This work program is in preparation for planned drilling to defineå extensions of mineralized zones, part of an overall plan to bring this historic gold resource compliant, and also prove-up the larger multi-million oz high-grade mesothermal Bralorn/Motherlode-type model potential.

The Junior Mining Company to Watch

New Carolin’s CEO isn’t the only one who believes that the company shows great potential. Mining analyst Jay Taylor of Hard Money Advisors recommends the purchase of shares of New Carolin Gold Corp. for the following reasons:

  • Low share price (<C$0.05) means market has totally discounted the company’s value.
  • New Carolin Gold Corp. now owns 100% of the southern portion of the entire project and 40% of the northern portion of the target. The remaining 60% of the target is held by Century Mining, which is now in receivership. It is my belief that the chances of acquiring the remaining 60% from the receiver are very high. Once fully acquired, the Carolin Mine Project will include the following:
  • Discussions are underway with two interested purchasers of tailings resource, which would enable the company to fund purchase of the remaining 60% of the Carolin Mine Project, and fund significant exploration.
  • Massive near-term and longer-term exploration potential. Upon completing the acquisition, New Carolin will hold the entire 144 square kilometer property, which includes 27.5 kilometers of the Coquihalla Gold Belt. The area marked “Priority Target” is the area of immediate focus of the company. Longer term, this entire Coquihalla Gold Belt is believed to have multi million-ounce potential.

With a solid corporate strategy, a highly coveted project, and the backing of a trusted industry insider, 2016 looks promising for New Carolin Gold. “In my view, given its current share price, I like its chances and the risk/reward trade off,” said Taylor. “That’s why this seasoned newsletter writer, who saw a company named Carolin Mines sell for $60 a share 30 years ago and thinks the odds are good enough for outlining a major gold deposit now, also thinks that buying this stock at or around its current price of less than US $0.05 is a very worthwhile speculative investment.”

For more information about New Carolin Gold, visit

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