New York, NY (PRWEB) August 31, 2009
Precious Metals Review of Duncastle Gold Corp. (TSX-V: DUN) (Frankfurt: 5D3) provides insight into the opportunity afforded investors as DUN.V is advancing development of the historically successful Yankee-Dundee mine and the surrounding Ymir Camp in southeastern BC, encountering very good grades in the extensions of the old mines and methodically adding value to the prolific gold-silver vein system.
The full Precious Metals Review with charts may be seen at http://preciousmetalsreview.com/PMRdun.pdf online.
Excerpts: "Duncastle Gold Corp. is a Canadian-based mineral exploration mining company that is systematically adding value to the prolific Yankee-Dundee Mine high-grade gold-silver vein system, once the largest silver producer in the British Commonwealth. In light of news this week regarding more quality intersects (see release "Duncastle Intercests 2.8m Grading 5.26g/t Au, 122.3g/t Ag and 17.2m of 1.2g/t Au at Yankee-Dundee") it is our opinion that investors would do well to consider a long position in shares of DUN.V.
Duncastle Gold Corp. (TSX-V: DUN) is now at an inflection point and is poised for significant upside revaluation. Duncastle has nurtured along their 100% owned flagship Yankee-Dundee high-grade gold-silver project in S.E. British Columbia, Canada since going public in late 2007 and is now at a point where the risk-reward characteristics are highly advantageous for investors establishing a long position in DUN.V as the current market cap relative to the inherent value is disproportionate. With assistance from the proven exploration and ounce building capability of the Manex Resource Group, Duncastle has drilled over 6,000m in 42 holes, found numerous extensions of the old mine(s), and recorded impressive grades within the core of the most advanced shoot (the Yukon shoot) at 3.23 metres of 14.1g/t gold, 281g/t silver, 11.1% lead and 12.6% zinc - all part of a broader zone with very good grades. As the largest mine in the Ymir camp, the Yankee-Dundee mine is a significant past producer. Duncastle has been consolidating properties in the area over the last several years to the point they now control most of the historic Ymir Camp which was at one time the largest silver producer in the British Commonwealth (BC MEMPR Bulletin 109, 2001). Consolidation and control of this proven area are key in taking the project to the point a major would be interested in considering acquisition. A steady flow of exploration results and developments are expected, offering numerous catalysts for share price appreciation. Risk is minimized by expanding on a proven past producing area, plus sizeable time and cost savings are realized by taking advantage of existing infrastructure, including adits which are in excellent condition and provide immediate exploration access.
Additionally, Duncastle's other project, Porphyry Creek, has been shown by a BC government report to be in the highest percentile for possible IOCG deposit in British Columbia and it too will be a source of catalysts as developments occur."