New Carolin Gold Eyes Large Land Package Including Main Mine, 4 Historic Mines and 24 Known Gold Showings.
“It’s exceptional to find a land package of this scale that has both considerable historic gold production with an existing gold resource and is also relatively unexplored with modern techniques. We expect that our next round of drilling will more than justify our enthusiasm.” Kenneth Holmes, President
New Carolin using new mining techniques to explore, is one of the most exciting Junior Gold Miners we follow which like many smaller producers, is trading near its low as it collects its mapping and surveys.
What makes New Carolin different is its vast Gold showings on 100% owned property including a site where a $40 million mining operation was built in 1982 and closed after Gold dropped to $300 an ounce. During its three years of operation, it produced 44,411 ounces of gold worth $63 million at today’s Gold prices.
New Carolin is trading in what we call the Quiet Zone, where they’ve done enough exploration to make it interesting, but not enough to make it overly valued.
MINE VISIT UNDER PREVIOUS MANAGEMENT