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Carlyle Commodities Corp (2)
Symbol CCC
Shares Issued 41,321,978
Close 2023-12-01 C$ 0.17
Market Cap C$ 7,024,736
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Carlyle begins metallurgical testwork at Newton

2023-12-01 20:12 ET - News Release

Mr. Morgan Good reports

CARLYLE COMMENCES METALLURGY TESTING ON NEWTON CORE, SENDS SAMPLES TO BASE MET LABS FOR ASSAYING, AND ANNOUNCES FINANCING

Carlyle Commodities Corp. has commenced a baseline metallurgical testwork program on the company's Newton gold project, a bulk tonnage gold system located approximately 100 kilometres west of the city of Williams Lake, B.C.

The company has provided five individual higher-grade samples from mineralized intercepts from the 2023 core to Base Met Metallurgical Labs in Kamloops, B.C. The samples were taken from drill holes N23-89, N23-090 and N23-091. Individual samples may be tested as well as a composite bulk sample created from the five intercepts.

Each sample would be coarse crushed, and a portion would be split for construction of the master composite. Base Metallurgical Labs will use a minimum of approximately 40 kilograms of the master composite to complete the testing as outlined, and the remaining material will be stored for possible future variability testing. The master composite will be stage crushed to 3.35 millimetres and homogenized before splitting into two-kilogram charges in advance of metallurgical testing. Grind calibrations will be conducted to establish the grinding time required to reach certain particle size distribution. Gravity concentration tests will be conducted at two primary grind size distributions. Test products will be assayed for gold and silver to provide indication of the amenability of gravity concentration. Five whole ore leach tests have been budgeted to determine the gold extraction by leaching.

Its team of experienced professionals have an extensive background in comminution testing, automated mineralogy, gold processing technology, flotation, beneficiation and more. The lab has worked with numerous gold producers, including Newmont, Newcrest and Iamgold, and tested various deposit types in Western Canada similar to Newton, most notably Artemis Gold's Blackwater deposit.

The sampling was completed at the company's core logging and processing facility under the supervision of Jeremy Hanson, PGeo, a qualified person as defined by National Instrument 43-101 (Standards of Disclosure for Mineral Projects). Mr. Hanson has reviewed the scientific and technical information that forms the basis for this news release, and has approved the disclosure herein.

The financing

The company intends to conduct a private placement financing to finance general working capital and its exploration efforts. Further details will be provided in a subsequent news release.

About Carlyle Commodities Corp.

Carlyle is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties. Carlyle owns 100 per cent of the Newton project in the Clinton mining division of British Columbia and is listed on the Canadian Securities Exchange under the symbol CCC, on the OTCQB Market under the ticker CCCFF and on the Frankfurt Exchange under the ticker BJ4.

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