November 06, 2012

New Carolin Gold Completes Surface Diamond Drill Program on the Ladner Gold Property

New Carolin Gold Corp. (TSX - V: LAD) has completed a small drill program at its Ladner Gold Property near Hope in southwestern British Columbia.

Holes one to three were drilled in an area where no drilling has ever been conducted but where a mineralized outcrop was noted on the access road to the McMaster Zone. This showing is approximately 1,200 metres northwest of the Carolin Mine and 450 metres west from the Montana Prospect (see press release dated December 15, 2011). Sulphide mineralization was noted in all three holes.

Holes four to fifteen were drilled in the Idaho Zone which previously has only seen sporadic drilling, circa 1982. Management is very encouraged as all drill holes intersected sulphide mineralization, which typically carries gold in this location. This area, which lies adjacent to the 1015 portal and directly above the old mine workings, was trenched in 1996 with assays ranging from 1 to 19 g/t Au over sampling intervals of one metre. The objective of this drilling was to test for mineralization from the surface findings down to the old mine workings and to confirm historic results within the old mine workings. This area is also in a potential "starter pit" location, within an open pit mining scenario.

These drill holes are in the process of being logged and sampled with samples to be sent to Acme Analytical labs in Vancouver for assaying. Turn around time for the assays is unknown at this time, but is expected to take several weeks. This program consisted of fifteen diamond drill holes totaling 1620 metres (5315 feet).

About New Carolin Gold Corp.
New Carolin Gold is a Canadian-based junior mineral exploration and development company engaged in the acquisition, exploration, evaluation and development of 144 sq kms of contiguous mineral claims, collectively known as the Ladner Gold Project, located along the prospective and under-explored Coquihalla Gold Belt located in southeastern British Columbia, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine, Pipestem Mine and numerous gold prospects.

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"Bruce W. Downing"
Bruce W. Downing, M.Sc., P.Geo, Hon.FEC
President & Chief Executive Officer
Office 778 -- 294 - 3211
Web site

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