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Duncastle Gold Corp. (TSX-V: DUN)

       Duncastle Gold Corp. is a Canadian mineral exploration mining company listed on the TSX Venture Exchange (ticker symbol DUN) (Frankfurt: 5D3). The Company has come to our attention due, in part, to the exceptional opportunity afforded shareholders within Duncastle's Porphyry Creek Project and Yankee-Dundee Project, both located in stable mining friendly British Columbia Canada. Mining Marketwatch Journal provides insight into each of these below:

#1) Porphyry Creek, Northwestern BC, Canada - Large Cu-Au porphyry target characterized by large magnetic anomaly with high-grade veins. 2010 airborne geophysical survey to refine targets for drill program. Duncastle’s founders began targeting the area in 2003, bringing together claims with past workings, historic drill results, and high-grade showings. The claims, which surround a 10km magnetic anomaly and a significant past-producing mine, were acquired in order to look beyond the previously explored individual showings and instead target the larger porphyry potential consistent with the area and the zonation of minerals shown on the property.

#2) Yankee-Dundee Mine/Ymir Camp, Southwestern BC, Canada - The project positions Duncastle with near term cash flow potential via the extraction of material from the high-grade gold-silver vein system. Duncastle has advanced development of the historically successful Yankee-Dundee mine and the surrounding Ymir Camp, encountering very good grades in the extensions of the old mines and methodically adding value to the prolific gold-silver vein system. Duncastle Gold Corp. is following a familiar and successful formula - look for new mines beside significant past producing mines. There are numerous past producers in addition to the Yankee Girl and Dundee mines within the historically successful Ymir Camp now held under 100% option by Duncastle Gold Corp.

1) Porphyry Creek, Northwestern BC, Canada

100% owned • Copper-gold IOCG / porphyry-style • In the prolific Rocher Deboule mining camp

Why Investors should be excited about 2010 exploration program at Porphyry Creek

Porphyry Creek is a large land package in an excellent neighborhood, Duncastle’s founders assembled it themselves before the area rush, bringing together a number of high grade occurrences that had been explored separately. When you put the occurrences together and look at the zonation of minerals on the property combined with the magnetic anomaly (seen in inset of image below), you start to see porphyry potential....

Figure 2. (Above) Porphyry Creek claim map with high grade occurrences & magnetics (inset) 2010 will see Duncastle conduct the first ever detailed airborne geophysics survey targeting the property. The data showing the magnetics seen in the inset image above are from crude government data, but it’s enough to show a nice magnetic anomaly. Duncastle already has targets, it’s a question of refining the targets and honing in on the porphyry model. Performing an airborne magnetic survey was the first priority for Duncastle in 2010 as it is a powerful tool in terms of looking for a large porphyry body, which is what Duncastle is looking for.

See July 26, 2010 news release "Duncastle Completes Airborne Survey at Porphyry Creek"; Duncastle successfully completed and an airborne survey at Porphyry Creek reporting strong results. Several areas on the property show excellent potential with geophysical anomalies corresponding to historic and current geological results, in particular at the Sultana showing.

As proposed, a ground-based geology program will be initiated following the analysis of the airborne survey to continue 2008’s work, and drilling late in the season.

Area

Porphyry Creek - Word Class Potential
The Porphyry Creek area has a long history of exploration and development from high-grade vein systems, dating back to at least 1910. The area saw substantial production between 1915 and 1954 from the nearby Rocher Deboule and Red Rose mines, as well as lesser production from the Victoria, Cap and Highland Boy mines. Exploration has been intermittent since the closure of these mines, with the most substantial work occurring in the 1980’s on the Rocher Deboule/Victoria, Red Rose and Killarney/Jones prospects. Duncastle has been a consolidator in the area, compiling numerous showings and prospects into a larger geologic model to enable the first modern, systematic exploration of the area. No significant exploration work has been done to investigate the potential for porphyry-related deposits on the property -- this will be changing with Duncastle's exploration program planned for 2010.

Figure 6. (Above) Idealized porphyry model relevant to Porphyry Creek  The figure is a cross section of a porphyry which shows how that zonation of mineralized material fits with what is currently being found at Duncastle's Porphyry Creek.

Project Summary
      • 115 sq km property with multiple high-grade silver, gold and base metal occurrences.
      • Over 15 separate mineral occurrences on the property.
      • 10km long magnetic anomaly with high grade veins:
          – Rock samples up to 2,566g/t silver (2008).
          – Historic trench samples to 2,057g/t silver and 7.5g/t gold over a 2.7m width, 16m strike.
          – Historic drill results with 638g/t silver, 1.03g/t gold and 9.06% copper over 0.6m with a 46m strike.
      • Many large and very large porphyry deposits within 150km.
      • Close to road (highway) and rail access, and power. Existing mine roads on property.
 
Duncastle optioned the property (100%) in February 2008 from a group of three private vendors, two of whom are Directors and founders of Duncastle, Douglas Warkentin and Michael Rowley. Duncastle has since added significantly to the property by direct staking, in particular on the southeast portion with the acquisition of the MT and Big Thing showings, and the previously drilled Sultana prospect, in 2009.
 
The property is dominated by a large magnetic high (anomaly) seen in government data (see figure). While some correlation can be noted with elevation, there is also significant magnetism in the rocks within the claim boundary that warrants further investigation.
 

Government databases list over a dozen separate occurrences on the property, and other occurrences are mentioned by other sources that have not yet been located or confirmed. The claims surround but do not include the historic Red Rose tungsten mine, and include historic workings and multiple high-grade mineral showings. Publicly available data includes some very high-grade occurrences, some of which were confirmed in 2008 prospecting work including 2,566g/t silver, 0.86g/t gold, 11.1% lead and 19.4% zinc in one sample and 1,131g/t silver, 0.42g/t gold, 4.9% lead and 4.1% zinc in a second rock sample from the Brunswick adit area. Also in 2008, a massive sulphide boulder from the Brian Boru prospect returned 152g/t silver, 4,955g/t copper and 14.3% zinc, while another sample from the area returned 22.3% zinc.
 
Historic data is also available for the Sultana prospect on the southeast portion of the property, including 11 bulldozer trenches which exposed a silver-bearing vein over 16 meters and an area of fractured granodiorite mineralized with chalcopyrite. Average assays of the silver-bearing vein included:
 
•2,057g/t silver, 7.5g/t gold and 0.5% copper over 2.7m from Trench 6 and
•621g/t silver and 1.93% copper over 3.6m in Trench 5.
Data from historic drilling is also available from the Sultana prospect from nine drill holes totaling 557 meters completed in the late 1960s. Four holes included anomalous precious and base metal values over a 46 meter strike length, including the following intercepts from drill hole S1:
 
•638g/t silver, 1.03g/t gold and 9.06% copper over 0.6 meters and
•199g/t silver, 0.69g/t gold and 0.64% copper over 0.9 meters.
South of the Sultana prospect, select historic rock grab samples from the MT showing near the headwaters of Corya Creek returned:
 
•5,187g/t silver and 2.34% copper in one sample
•1,817g/t silver, 23.0g/t gold and 1.09% copper in a second, and
•2,846g/t silver, 5.1g/t gold and 3.65% copper in a third.
Historical results have been compiled from government databases and predate NI 43-101. Duncastle has not independently verified past exploration results.
 
Duncastle's 2010 Exploration Plan for Porphyry Creek - airborne geophysics is top priority

[NOTE: See July 26, 2010 news release "Duncastle Completes Airborne Survey at Porphyry Creek"

Targeting Calc-alkaline porphyry Cu-Au system and associated high-level polymetallic Ag-Au-base-metal-rich veins
  
Stream sediment sampling completed in 2008 indicated strong silver and copper anomalies in two prominent drainages within the property and generally showed a strong spatial association with known mineral occurrences. Exploration plans for 2010 will follow the recommendations of the 2008 report including an airborne geophysics program (Just Completed - see July 26, 2010 news release) to further delineate and define the porphyry target(s). Additional ground-based exploration work later in the year is also planned, as is a potential drill program later in the year.
 

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2) Yankee-Dundee Mine and Surrounding Ymir Camp (S.E. British Columbia), Canada

100% owned • Gold-Silver-Lead-Zinc and other minerals • Significant Past Producer

The Yankee-Dundee project incorporates over 74 square kilometers of mineral claims in prolific and historic Southeast BC, a region that has produced over 5.6 million ounces of gold and over $70 billion in mineral wealth to date starting with placer mining in the 1850s and moving to lode mining in the 1880s.
 
Duncastle’s claims comprise most of the historic Ymir Camp which was in the 1930s the largest silver producer in the British Commonwealth. The claims also include the largest mine in the camp, the Yankee Girl Mine. Despite the comparatively primitive methods of the day, the Yankee Girl was significant with 375,000 tonnes mined from over 14 levels between 1907 and 1951, yielding over $180 million in gross value at today’s prices. In addition to the Yankee Girl, Duncastle’s claims include over a dozen other past producing mines and countless mineralized showings.
 
Despite its successful history, Southeast BC was underexplored for a number of years, held back in terms of mineral exploration by a combination of fractured land holdings, markets, politics, and commodity prices. The past few years have seen a turning point and a number of companies are now active in the area. Commodity prices, in particular gold, have brought a return of interest to the high-grade, high profit margin mines of the Kootenays.
 
Duncastle was a relatively early entrant, as its founders commenced staking and acquisition in 2003 before acquiring the Yankee-Dundee crown grants in 2006. In keeping with its vision of building land positions covering and surrounding significant past producers, Duncastle has assembled the more than 74 square kilometer claims package to examine the potential for larger mineralized systems as well as extensions of known systems through application of modern exploration methods in the first systematic programs conducted on the property.
 
Location, Access, Infrastructure
Located in the Nelson Mining District south of Nelson BC, the Yankee-Dundee is just 3 kilometers from the town of Ymir BC and 50 kilometers east of Teck's smelter at Trail, BC. Infrastructure in terms of power and rail is excellent, and the mine is a few kilometers from Highway 6. Historically the Yankee Girl mine ran year-round.
 
The historic mine workings are expected to provide low-cost underground access and a rapid start-up to potential mining. One of these, the Wildhorse adit, a 1.4 kilometer exploration adit that reaches the Yankee Girl structure 110 meters below the workings, was completed in 1954 and inspected by Duncastle personal in 2006 and found to be in apparently sound structural condition. Also of interest is the 1235 adit, the main production adit, which is immediately below the Yankee Girl West zone identified in surface drilling from 2007 to present.

Yankee-Dundee Mine Project Yankee-Dundee Project Objectives
   • Demonstrate small mine potential with low-cost production and rapid start-up using existing infrastructure
   • Set timeline for a bulk sample and underground drilling

   • Continue to develop and explore the regional ‘blue sky’ potential of the land package

Overview
   • Located in the historical +1,000,000 oz Ymir-Sheep Creek mining district
   • Historic production from Yankee Girl mine: 375,000 tonnes grading 9.9g/t Au and 57g/t Ag, plus Pb, Zn
   • 1235 adit links historic Yankee Girl with Dundee mine
   • Ymir camp produced 883,000 tonnes grading 10g/t Au and 60g/t Ag
   • Duncastle assembles claims in the historic Ymir camp, the largest silver producing area in the British Commonwealth in the 1930’s
   • Minimal exploration 1950s to 2006
   • Pro-industry area with good access and infrastructure
   • Duncastle completed over mm and drilled 7,700m
 
Exploration 2006 - present
There are two focuses of exploration activity within the Yankee-Dundee project, with the historic Yankee Girl Mine and related high-grade vein structures being the primary focus. The more regional potential of the larger claim package is also being actively explored including data compilation and mapping work, prospecting (eg grab samples to 155g/t gold and 353g/t silver), soil geochem surveys (multiple anomalies), ground level geophysics, drilling and an airborne geophysical survey covering much of the property.
 

Figure 10. Long section Yankee Girl Structure This image shows target panels including Yankee Girl West zone (Panel 3), and planned 2010 underground drilling (Panel 2), The historic mine workings are shown in Panel 1. Synopsis of each panel section:

Panel 1: Historic Production 1907 – 1951. $163 million gross value mined from the Yankee Girl at $1 000/oz gold, peaking at over $15 million per year, with many years over $5 million.

Panel 2: Below the Historic Yankee Girl Mine.

• The 1.4km Wildhorse Adit provides excellent access, ending 110m below the historic mine.

• Underground sampling in 1961 returned 61 metres grading 8.68g/t Au, 74.4g/t Ag, 2.4% Pb, 4.48% Zn over a width of 1 31m.

• Very limited historic mining in upper region only -> significant potential.

Panel 3: ‘Yankee Girl West Zone’ – 2007 to present. Very limited historic mining in upper region only -> significant potential.

• Drilling has confirmed continuity of mineralization: The Yankee Girl West zone (YGW) is a high-grade extension of the historically successful Yankee Girl mine (375,000 tonnes at 9.9g/t gold and 57g/t silver).
• Work to date has traced the YGW to 285m along strike and 280m down dip. It is open at depth, and to the east and west.
• Drill results include: 2.28m of 16g/t Au, 324g/t Ag, 13.9% Pb, 13.9% Zn within a broader mineralized zone of 13.93m 3g/t Au, 64g/t Ag, 2.5% Pb and 3.1% Zn.
• YGW zone is immediately above existing 1235 adit -> potential for low-cost mining.
• Continued surface drilling planned for 2010.

Panel 4, 5: Structures open at depth.

• Historic mine and YGW zone are open at depth.
• Mineralized ‘shoots’ trend down and to center.
• Existing workings improve access, lower costs.
• Planned underground exploration in 2011 and 2012.

  
Yankee Girl Mine
Yankee-Dundee: 2006-09 Exploration Highlights.
• 7,700 m drilled in 48 core holes to date.
• Completed preliminary Wildhorse Adit inspection and underground sampling.
• Confirmed continuity and extension of Yankee Girl mine to the west – the ‘Yankee Girl West zone’:
– High-grade gold-silver-polymetallic ‘shoots’ identified previously now combined into the ‘Yankee Girl West zone’ (YGW).
– YGW zone to date is 285m along strike and 280 down dip, open at depth, to east and west.
– Potential for low-cost mining: zone is above existing workings.
– Further drilling planned for 2010.
• Jan 2010 report recommends underground and surface drilling, and bulk sample.

Duncastle has drilled 48 diamond drill holes totaling approximately 7,700 meters at the Yankee-Dundee project, with much of that work focused on the Yankee Girl West zone, a high-grade mineralized extension to the west of the Yankee-Girl mine. As shown in the Long Section figure, the Yankee Girl West zone is located immediately above the main production adit, the 1235 adit, and has good potential for low-cost production.
 
The Yankee Girl West zone was defined in 2009 as a continuous mineralized structure along the western projection of the Yankee Girl structure by combining the previously modeled higher-grade mineralized shoots, based on the strong continuity of gold and silver-enriched sulphide mineralization observed between them. Past reports by Duncastle and others dating to 1934 referred to mineralized shoots, similar to the shoots mined between 1907 and 1951, along strike and to the west of the historic Yankee Girl mine. Drilling in 2009 demonstrated sufficient on-strike continuity of higher–grade mineralization to merge the previously referred to Yukon, 400 and 790 shoots into one larger mineralized zone which is now termed the Yankee Girl West zone (“YGW”). The drill-defined strike-length of the mineralized zone has expanded to some 285m along the western projection of the Yankee Girl structure. To date gold and silver-enriched polymetallic mineralization in the YGW has been drill tested to only 280 meters vertical depth where it reaches the historic mine workings (1235 level) and remains open at depth to the west below the 1235 level, and to the east towards the historic mine.
 
As tested to date, the mineralized portion of the Yankee Girl structure consists of a quartz breccia up to 7.8 meters estimated true thickness, containing massive sulphide horizons ranging up to 1.2 metres thick. Massive sulphide horizons contain clots and lenses of massive to finely banded sphalerite, galena, pyrite and locally pyrrhotite with scattered rounded quartz and minor host rock fragments with up to four massive sulphide horizons distributed within, or along the contacts of the quartz breccia.
 
Exploration Plans
Work is expected to focus on underground exploration via the Wildhorse adit, a 1.4 kilometer exploration adit that reaches the Yankee Girl structure 110 metres below the workings. It was completed in 1954 and inspected by Duncastle personal in 2006 and found to be in apparently sound structural condition. Work is planned to test the area of the Cayzor raise where historic chip sampling in 1961 partially defined a zone some 200ft (61m) in height (approximately down-dip along the mineralized structure) containing wall samples averaging 8.68g/t gold, 74.4g/t silver, 2.4% lead and 4.48% zinc over an average width of 1.31 meters. Work is also planned to test the Bonus Vein, a structure parallel to the Yankee Girl vein which was discovered during construction of the Wildhorse Adit but has limited expression at surface. Historic data reports 2.43m grading 7.15g/t gold, 21.1g/t silver, 0.37% lead and 1.6% zinc at the Bonus vein. Historic data provided above has not been independently confirmed by the company, is not 43-101-compliant, and should not to be relied upon.
 
Scoping work towards a 10,000 tonne bulk sample and potential production is also planned.
 
In addition to the underground work, continued surface drilling on the Yankee Girl West zone (panel 3) is planned to further expand the zone and test the continuity of mineralization both horizontally and vertically from surface to the 1235 level. Drill holes testing deeper into panels 4 and, eventually, panel 5 are also recommended as there is no data from these areas and mineralization appears to continue and may converge at depth.
   

SOUTHEAST BC
Southeast BC has produced over $70 billion in mineral wealth including over 9,000,000 oz gold as well as significant silver, lead, zinc and other minerals. Placer discoveries began in the mid-1800s with lode mineral production following in the late 1800s. Numerous mills and smelters existed to support the industry in the area, continued today by the Teck-Cominco’s smelter at Trail BC. In addition to having one of the world’s largest fully integrated zinc and lead smelters and refining complexes, the area benefits from extensive and well-developed infrastructure: strong highway and forest road networks, rail lines, hydro-electric power, skilled and experienced work force.
 
Significant gold camps include the Rossland camp (3.2 million oz gold), the Greenwood camp (1.3 million oz gold), the Ymir-Sheep Creek camp (+1 million oz gold). Duncastle Gold Corp has most of the historic Ymir Camp and is located 53 km from Trail BC and the Rossland Camp.
 
Numerous mines shut down in the area in the early 1950s. Mineral exploration was inconsistent for over 50 years following that due in part to the fractured holdings of the area, as well as political and economic factors. The efforts of companies like Duncastle to consolidate mineral properties combined with the recent boom in commodity prices has brought a return of exploration activity to the area. There is real potential in revisiting these historic mining districts with modern technology and a systematic approach: “the best place to find a new mine is beside an old mine”.
 
HISTORY OF THE YMIR CAMP

The Ymir gold-silver camp was discovered in the late 1800s with production beginning at the Ymir, Dundee and Protection deposits in 1899. Production reached a peak in the 1930s and was during these years, the largest silver-producing camp in the British Commonwealth. Production from these deposits ceased in the early 1950s, with a total production of 43,006 kilograms of silver and 8,294 kilograms of gold. Duncastle Gold Corp has most of the historic Ymir Camp.
 
Twenty-four properties in the Ymir camp have recorded production with ten of these producing in excess of 1,000 tons. The total tonnage recorded to date is 936,000 tons grading 0.288 oz/ton gold with significant values in lead, zinc, and silver.
 
Three separate mills were operated in the area, the Ymir, the Yankee-Dundee and the Wilcox. In addition, a considerable portion of the ore mined was shipped directly to smelters.
 
HISTORY OF THE YANKEE DUNDEE PROPERTY
The Yankee Dundee property started with the discovery of mineralized quartz veins at the Dundee Mine in 1896. In late 1899 mineralized quartz veins were discovered at the Yankee Girl Mine located 300m uphill from the Dundee Mine. The Yankee Girl and Dundee mines were developed separately from their inception until 1940 when the two mines were connected underground. BC’s Minfile database lists 18 separate occurrences on Duncastle’s property, and several other unlisted occurrences are also known. Of these, eight are listed as having past production, with the Yankee Girl being the most significant.
 
Exploration at Yankee-Dundee has been limited since the end of production in the early 1950s, a trend seen throughout SE BC in general. Several small programs of prospecting, geophysical and soil geochemical surveys and trenching, along with some very limited underground drilling have been carried out within the Yankee Dundee Project area. A number of these programs identified anomalous results that could justify follow-up work, but little action was taken, if any.
 
Rehabilitation and extension of the Wildhorse adit, originally started in 1929, resumed in 1953 and by 1954 it reached a length of 1,417m. The Yankee Girl vein was located and a new vein, the Bonus vein, was discovered during its construction.
 
Burlington Mines Ltd acquired the crown grants in 1966. Burlington (now BGM Diversified Energy) conducted some work and optioned the property through the 1960s, 70s and 80s. The most recent exploration work before Duncastle began work was by Kingsvale Resources in 1988 consisting of trenching, geophysical (VLF-EM) and geochemical (gold in soil) studies. BGM suffered due to ill health of its founder and was de-listed in 2001. In April 2006, BGM optioned the property to Blue Sky Mines Ltd who in turn assigned it to Dundee Mines Ltd., a private company that held most of the Ymir camp and would later to become Duncastle Gold Corp after a Qualifying Transaction.

Duncastle's Management & Technical Leadership:  Skip to top 

Lawrence Page obtained his law degree from the University of British Columbia in 1964 and was called to the Bar of British Columbia in 1965 where he has practiced in the areas of natural resource law and corporate and securities law to the present date. Through his experience with natural resource companies and, in particular, precious metals development, Mr. Page has established a unique relationship with financiers, geologists and consultants and has been counsel for public Companies which have discovered and developed producing mines in North America. Specifically, he has been a Director and Officer of Companies which have discovered and brought into production the David Bell and Page Williams mines in Ontario, the Snip, Calpine/Eskay Creek and Mascot Gold Mines in British Columbia as well as the discovery of the Penasquito Mine in Mexico. Mr. Page is the principal of the Manex Resource Group of Vancouver which provides administrative, financial, corporate and geological services to a number of public companies in the mineral resource sector. He currently serves as a director for six public companies, including Bravo Venture Group Inc., Duncastle Gold Corp., Fortune River Resource Corp., Quaterra Resources Inc., Southern Silver Exploration Corp. and Valterra Resource Corporation.
 

Mahesh Liyanage, CA, Chief Financial Officer
Mahesh Liyanage joins the Company with over 10 years of experience in public practice and industry. He is a Chartered Accountant and has headed finance and audit teams nationally and internationally. He started his career with BDO Burah Hathy Sri Lanka and held a supervisory role leading audits in manufacturing, banking, and natural resource industries. Before moving to McDonald’s Fiji as head of finance he served as controller for a garment manufacturing company which catered to the North American market.
 
In McDonald’s Fiji he pioneered the implementation of accounting systems and revitalized office structures, document flows and inter-department relationships in order to achieve excellence and profitability.
 
Mahesh Liyanage is also a member of the Institute of Chartered Accountants of Sri Lanka, Society of Certified Management Accountants of Sri Lanka and Fiji Institute of Accountants.

  
Scott Hean, BA, MBA, ICD.D, Director, Audit Committee Member
Mr. Hean served as Duncastle's Chief Financial Officer for the last three years. Prior to joining the company, he held senior management and executive positions with Bank of Montreal as Senior Vice President and Managing Director responsible for financing in the natural resources sectors in North America and with J.P. Morgan of New York, primarily financing junior oil and gas companies in the United States. Currently he is a Director and past Chair of the Audit Committee, Sabina Silver Corporation (SBB on TSX-V), a Director of Great Quest Metals Inc. and past Chair, Bill Reid Foundation Services Ltd. He has served on numerous not-for-profit Boards, including Outward Bound and B.C. Children's Hospital. Graduating from Simon Fraser University in 1973 (B.A.) and from the Ivey School of Business (M.B.A.) , London , Ontario , in 1975 and from the Institute of Corporate Directors, Directors Education Program (ICD.D) in 2006.

Garth Kirkham, PGeoph, Director, audit committee member
Mr. Kirkham obtained a Bachelor's degree in Science from the University of Alberta in 1983, with majors in Geophysics, Geology and Mathematics. He became a Professional Geophysicist with the Association of Professional Geologists, Geophysicists and Engineers of Alberta (APEGGA) in 1987, the Northwest Territories and Nunavut Association of Professional Engineers, Geologist and Geophysicists (NAPEGG) and a Professional Geoscientist with the Association of Engineers and Geoscientists of B.C. (APEGBC) in 2005. He is a 25-year veteran of the mining industry. Mr. Kirkham is the principal of Kirkham Geosystems Ltd., a full-service provider of geoscience software consulting services specializing in 3D computer modeling and resource/reserve estimations at the preliminary assessment, pre-feasibility and feasibility study stages of mining projects. His project experience in Canada includes the Newmont Lake/McLymont Creek Cu-Au porphyry, the Morrison Cu-Au Project, Abacus’s Ajax and DM Audra/Rainbow projects, the historic Cassiar Table Mountain, Craigmont and Bralorne/Pioneer mines, Tyhee's Yellowknife Gold Project, Con and Giant mines, the Eskay Creek mine, Gordon Lake Project, the Cantung mine and Mactung Project. He also has extensive experience in China, Africa, Eastern Europe, USA and Mexico. Mr. Kirkham was the 2006 recipient of the Barlow Memorial Medal from the Canadian Institute of Mining for his outstanding economic geology paper focusing on the 3D computer technology in mineral exploration and development. He is also currently on the board of Romios Gold Corp., is a member of the advisory board for North American Tungsten, and on the Executive of the Geologic Association of Canada, Mineral Deposits Division. He was also on the board of Cusac Gold Mines Ltd. from April 2006 until April 2007.

Michael Rowley, BSc, RPBio, Director, Vice-President, Operations
Mr. Rowley obtained a Bachelor of Science Degree from the University of British Columbia in 1990 and is a Registered Professional Biologist in B.C. He has fifteen years executive experience with private companies in the mining industry. As President and director of Duncastle Gold Corp. (now a wholly owned subsidiary of the Company) he led its organization and acquisition of mineral properties. As the President and director of Blue Sky Mines Ltd he led the development of a recycling technology based on mining industry techniques through full-scale operation. Currently he is also an operations consultant for and Officer of Sierra Mountain Minerals Inc. of Vancouver, B.C., makers of Sierrasil, a natural mineral health supplement for arthritis. He is the co-author of numerous technical papers and obtained two patents on mine water treatment. Other roles in mining technology development and corporate management include long-term roles as President of NTBC Research Corp. and Vice-President of Biomet Mining Corp. He has also worked extensively in mineral testing labs conducting mineral extraction tests, environmental prediction tests and water treatment tests for the mining industry.

Douglas Warkentin, PEng, Director, Audit Committee member
Mr. Warkentin is a Metallurgist with 20 years of experience in the mining industry. He graduated from UBC with a degree in Mining and Mineral Process Engineering, and has been a member of the Association of Professional Engineers and Geoscientists of BC since 1992. He is the co-author of numerous technical papers and obtained two patents on mine water treatment. He has been a principal in several companies providing process development services and new environmental technologies to the mining industry. He is currently Senior Metallurgist for Kemetco Research Inc. of Vancouver (formerly BC Research Inc.) and he is President of Bio-metals Recovery Systems, which was recently awarded the BC Hydro Sustainability Prize in the 2007 New Ventures BC competition.

Derek L. Page, MBA, Audit Committee Chair
Mr. Page was born and raised in Vancouver, British Columbia, Canada. He obtained a Bachelor of Business Administration degree from Simon Fraser University in 1989, and a Master of Business Administration degree from the University of British Columbia in 1992. From 1989 to 1994 Mr. Page was active in the mineral exploration industry in Canada, conducting extensive field work in such areas as Eskay Creek and Bronson Creek in Northwest British Columbia, and the Lac de Gras region of the Northwest Territories. In 1994 Mr. Page joined Colliers International, where he worked until 1997 as a Commercial Real Estate Broker. In 1997 Mr. Page joined Oxford Properties Group, where he is currently Director, Real Estate Management. In this capacity he manages the Vancouver office of the company, overseeing 25 staff and the operations and financial performance of a $500 million commercial real estate portfolio. Mr. Page is currently a Director of Valterra Resource Corporation, a CNQ listed mineral exploration company.

at: Ph (604)684.9384 or (888)456.1112
 

E-mail: corpdev@mnxltd.com   Company's web site: www.duncastlegoldcorp.com

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