O Home Page   O About Us   O Stock Quotes & Research   O Upcoming Sector Events (pop-up)   O Mining Organizations & Schools   O Mining Terms - Glossary  O What is NI-43-101?

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 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.

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.

Equally as important to the aforementioned successful formula is the overall plan and objectives of Duncastle Gold Corp., as mandated by the Manex Resource Group, which began assembling its land position in 2002 and took DUN.V public in late 2007; 1) any project that they take on has to have the ability to be able to grow to world class, 2) they need to be sure they have 100% of the potential, 3) they need to be sure they control an entire district as major deposits often occur in clusters.

Duncastle Gold Corp. now controls most of the historic Ymir Camp and the values they are pulling out of the ground affirm their belief the Yankee-Dundee Mine and surrounding area will yield a sizeable deposit with further exploration. DUN.V is poised for significant upside share price revaluation; a nominal ~36M shares are currently outstanding and DUN.V is trading under CDN$0.25.

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 claims cover 5,987 hectares consisting of 95 mineral claims and 26 crown granted claims (patented), located 3 km east of Ymir, BC (53 km northeast of Trail, BC). Hosted in rocks of the Kootenay Terrane and Nelson Batholith the claims contain multiple precious and base metal occurrences including the Yankee Girl and Dundee veins.

Duncastle Gold Corp. was originally interested in the area because of the history of the mine; this is a historic mining district (see history section below) which  operated very successfully from late 1800's to the 1950s  and was in the 1930s reported to be the largest silver producer in the British Commonwealth.  Like many mines in BC, the Yankee-Dundee and other mines in the Ymir camp closed in the early 1950s for reasons of economics, politics, and, in the case of the Yankee-Dundee, a 20% NSR on the project.  When Duncastle acquired the project in 2007 no one had looked at it with a systematic and  well funded exploration program for over  50 years for the same political and economic factors that brought closure as well as because many of the holdings remained stubbornly fragmented for years.  The recent efforts  to consolidate the area by companies like Duncastle and Valterra (a sister company through the Manex Resource Group) has the mining world rediscovered the fact the southeastern corner of BC is very prolific in terms of mining potential.

Mining Potential at Yankee Girl and Dundee

For a company with an eye on exploration, the Yankee-Dundee project presents Duncastle with great potential supported with good infrastructure. Based on the fact that mines on DUN.V claims were once such significant producers and largely ignored since the 1950's, it stands to reason that modern exploration techniques will reveal what was missed or never got to -- It is believed a world class deposit exists within and evidence suggests this may become a reality within the next few years... 
 
Since picking up the claims Duncastle has drilled over 7,700 meters in 48 holes, found extensions of the old mine(s), has numerous targets and is systematically adding value to the prolific high grade gold-silver vein system.

The Yukon shoot is one of several thicker and more continuous mineralized lenses that occur as extensions to the Yankee Girl mine and is a big part of the story today. The core of the shoot is 3.23m of 14.1g/t gold, 281g/t silver, 11.1% lead and 12.6% zinc, within a broader zone of 13.9m of 3g/t gold, 64g/t silver, 2.5% lead, and 3.1% zinc.

The 2009 drilling efforts have targeted and successfully tested the Max and 400 shoots which are located on either side of the Yukon Shoot along the Yankee Girl structure -- see August 26, 2009 release "Duncastle Extends Historic Yankee-Dundee Project Mineralization; Hits 2.8 metres grading 5.2g/t Au, 122.3g/t Ag, 4.5% Pb and 13% Zn".  Phase II drilling released November 18, 2009 successfully tested a 100 metre drilling gap between the previously tested 400 and Yukon shoots and have effectively combined the two lenses of thicker and higher-grade mineralization into a single lens that has now been drill tested along a 180 metre strike-length and 280 metre dip extent. The now combined lens remains open to the west towards the 790 target, to the east towards the Yankee Girl mine and at depth along its full strike-length.

The Vice-President and Director of Operations for Duncastle Gold Corp. Michael Rowley, RPBio., was contacted by Mining MarketWatch Journal in conducting research for this article. Michael Rowley explained how finding these shoots and adding them up is key to Duncastle’s vision  "The plan now is to build up the hits to the point at which we can start compiling a resource. While we would like to hit the million ounce gold number, we have been told 500,000 oz gold would be a fine reserve to build from in this neighbourhood given the infrastructure and the fact the Wildhorse adit is already there -- that's a savings of over $2,000,000 in commissioning the mine. Also, the Teck-Cominco smelter at Trail, BC is only 53km away, so 500,000 ounces may be enough to make an attractive producer out of this project".

Recent Drilling Efforts:

The November 18, 2009 news ("Duncastle Extends Mineralized Zone at Historic Yankee-Dundee Project") reported drill results from a five hole, 1682 metre Phase II drill program at its flagship Yankee-Dundee property located three kilometres northeast of Ymir, in southeastern British Columbia. Drilling results have successfully increased the size of higher-grade lenses of gold and silver-enriched polymetallic mineralization located along the target horizon and have extended the mineralized zone to the west from the historic Yankee Girl workings to approximately 400 metres in strike-length.
 
Highlights of significant assays from this phase of work include:

• a 4.5 metre interval (est. true thickness) averaging 3.4g/t Au, 84.4g/t Ag, 1.6% Pb, and 2.6% Zn within a broader 6.5 metre interval averaging 2.6g/t Au, 61.5g/t Ag, 1.1% Pb, and 1.9% Zn from drill hole YD09-46, and

• a 2.5 metre interval averaging 6.0g/t Au, 38.1g/t Ag, 1.1% Pb and 4.3% Zn within a 4.3 metre interval averaging 5.6g/t Au, 27.4g/t Ag, 0.8% Pb and 4.1% Zn from drill hole YD09-45

------ ------ ------ ------ ------ ------

The August 26, 2009 news ("Duncastle Extends Historic Yankee-Dundee Project Mineralization; Hits 2.8 metres grading 5.2g/t Au, 122.3g/t Ag, 4.5% Pb and 13% Zn") only cover results from an initial three holes successfully targeted high-grade extensions of the Yankee Girl structure and highlight the significant precious- and base-metal potential of this polymetallic vein system.

 
Highlights from these holes include (reported as estimated true thickness):

• 2.8 metres grading 5.2g/t Au, 122.3g/t Ag, 4.5% Pb and 13.8% Zn contained within a 17.2 metre interval grading 1.2g/t Au, 21.9g/t Ag and 2.4% Zn from hole YD09-39, and

• 0.9 metres grading 12.2 g/t Au, 71.6g/t Ag, 2.8% Pb and 3.1% Zn contained within a 3.2 metre interval, grading 4.2g/t Au, 21.9g/t Ag, 0.9% Pb and 1.1% Zn from hole YD09-40. Three additional intercepts including a 0.4 metre interval of 17.8 g/t Au, 124 g/t Ag, 3.4% Pb and 3.9% Zn occur in the hangingwall of the main intercept.

Two additional drill holes tested the Goodenough vein system, located on a separate east-west-trending mineralized structure about three kilometres north of the Yankee-Girl veins. Results from these holes are pending. Total drilling for the summer program equaled 1,149 metres. To view a table of significant intercepts from 2009 Summer Drilling on the Yankee-Dundee Project Click Here.

 ------ ------ ------ ------ ------ ------

Fall 2009 Drill Program: See September 10, 2009 release "Duncastle Starts Fall Drill Program at Historic Yankee-Dundee Mine"

Synopsis of Exploration by Duncastle To Date at Yankee-Dundee

In May 2006 company personnel examined the 1.4 km long Wildhorse adit and found that it appears to be in excellent condition structurally. It is expected to be a significant asset for exploration and potential production, and has a replacement value of over $2 million.
 

Exploration work began in earnest in 2007 after the public listing. Existing data was compiled and analyzed, and Duncastle drilled the property in the summer and winter of 2007, concentrating on the central portion of the Yankee Girl structure Results of this drilling suggests that material containing significant Au grade is located immediately adjacent to the historic workings.
 
The second drill program was carried out from October to December 2007 and tested the Atlin, Yankee Girl and Dundee structures away from the main workings. All targets were intersected and found to carry mineralization.
 
In late 2007 a helicopter-borne geophysical survey was carried out by Fugro Airborne Surveys Corp. The survey was 571 line km in size, covering 4,293 ha. Results of the survey have defined some 729 EM-Mag anomalies throughout the survey area.
 
Results from 2008 drilling on the Yankee Girl structure indicate that the Yukon Shoot (thickest and most continuous portion of the vein) persists to a depth of some 280 metres. This shoot consists of a massive sulphide portion ranging up to one metre thick which is underlain by a well developed one to two metre thick footwall quartz breccia zone containing stringers and clots of sphalerite, galena, pyrite and locally pyrrhotite. Higher grade intervals within the core of the Yukon Shoot assay up to 14.14 g/t Au, 281g/t Ag, 11.13% Pb and 12.58% Zn over an estimated true thickness of 3.23 metres. The shoot, which is defined by seven holes, returned an average grade of 7.00g/t Au, 40.19g/t Ag, 1.79% Pb and 2.00% Zn with an estimated average thickness of 3.90 metres. These results correspond to estimated gross contained mineral values of $993/tonne and $300/tonne respectively at current prices. Within the area of the Yukon Shoot, the Yankee Girl structure remains largely untested for over 240 metres to the east (toward the historic workings) and down plunge beneath its occurrence in the deepest workings of the Yankee Girl Mine. The entire mineral system remains open along strike to the west.

Other holes in 2008 tested the interval between the Yankee Girl, Spur and Bonus veins at the Yankee Girl mine site (three holes), highly anomalous gold values from trenches in the Lakeview structure (six holes) and the Oscar structure (one hole). The Bonus vein returned 3.31g/t Au, 71.09g/t Ag, 2.39% Pb and 3.29% Zn over 0.16 metres and its structure remains open along strike and at depth. Further drilling of the Bonus vein is recommended from surface and underground in the Wildhorse adit as it appears to narrow near surface similar to the successful Yankee Girl vein. Drilling of the Lakeview structure indicates that the structure is dominantly silver rich.
 
Also in 2008, YD08-29 encountered a bonanza-grade silver intercept of 1,508g/t Ag and 1.1g/t Au over a 1.0 metre (est. true thickness) in what may be a splay of the main Yankee Girl structure.

  
 Surface work in 2008 included collection of 103 silt and 57 rock samples. Eleven drainages contain silt samples with anomalous gold coincident with various anomalous base metal and indicator elements. A further 14 drainages contain anomalous base metals with coincident path finder elements. Prospecting and rock sampling results confirmed that material from the old Arizona, Wilcox, Blackcock and Goodenough mine sites contain highly anomalous precious and base metal values. Rock grab samples from the Arizona waste dump of mineralized quartz vein material contain up to 154.56g/t Au and 353g/t Ag. Grab samples of mineralized quartz vein material from outcrop at the Wilcox mine site returned up to 6.89g/t Au and 56.37g/t Ag. Blackcock mineralized quartz vein material from waste dump and tramline terminal contain up to 64.01g/t Au and 96.9g/t Ag. Rock grab samples from waste dumps at the Goodenough mine site contain up to 14.55g/t Au and 681g/t Ag.
 
A 5-hole Phase I drill program is now wrapping up. Three holes targeted the Yukon shoot and two newly identified lateral offsets (shoots to the east and west of the Yukon shoot), and two drill holes targeted the past-producing Goodenough Mine about 3km north of the Yankee-Dundee Mine.
 
Additional drilling is planned for 2009, including continued work at the Yukon Shoot in the Yankee Girl structure, as well as other targets at the Goodenough mine, Bonus vein and 1235 adit. Rehabilitation of the Wildhorse Adit, consisting of minimal timber and drainage work, is recommended to allow up to 2,300 metres of drilling on numerous targets from underground. The Wildhorse Adit is a 1,417 metres exploration adit built during the period 1928 to 1954 that intersects the Bonus vein and meets the Yankee Girl vein 110 metres below the old mine workings. Underground drilling to expand the Bonus vein is strongly recommended. The Bonus vein is parallel to the Yankee Girl and, like the Yankee Girl is essentially invisible at surface. Underground drilling below the known mineralized zones is also recommended.

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.

Porphyry Creek, Northwestern BC, Canada

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

The Porphyry Creek project comprises 21 mineral claims totaling approximately 7,550 hectares and is located in the Rocher Deboule mountains 10 km south of Hazelton BC and 20 km northwest of Smithers.
 
The Porphyry Creek area is highly prospective for gold, copper, molybdenum, silver and other minerals, and includes eleven large porphyry or porphyry-style copper-gold, copper-molybdenum, molybdenum, and molybdenum-tungsten deposits within a 150km radius. These deposits range from 20.6 million tonnes to perhaps 250,000,000 tonnes, with grades ranging from 0.30 to 0.48% copper, 0.03 to 0.8 grams per tonne gold, 0.013 to 0.192 % molybdenum and 0.041 % tungsten (1) . Mineral resources and/or reserves are reported for all these properties as a result of years of systematic exploration. The deposits include: Bell-Granisle (copper-gold), Berg (copper-molybdenum), Big Onion (copper-molybdenum), Endako (molybdenum), Huckleberry Main & East Zones (copper-molybdenum-gold), Kitsault (molybdenum), Louise Lake (copper-molybdenum), Poplar (copper-molybdenum), and York Hardy (molybdenum-tungsten). Two of these, Huckleberry and Endako, are currently in production. The Endako mine is Canada’s largest molybdenum producer. One small past producer lies within the claim boundaries, and three more significant past producers lie just outside the claim boundaries.
 
Regional stream sediment samples show the property to be among the highest potential in BC for an ‘Olympic Dam’ or Iron Oxide Copper Gold (IOCG) type deposit. In addition a large magnetic anomaly is shown in a government geophysical survey. No significant exploration work has been done to investigate the potential of either IOCG or porphyry-related deposits on the Property.
 
The Porphyry Creek area has a long history of exploration and development from high-grade vein systems, dating back to at least 1910. Between 1915 and 1954 the area saw substantial production 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.
 
Minefile also lists samples from an adit at the Brunswick prospect on the Porphyry Creek property: a composite sample taken from thirty bags of selected ore from the upper adit graded 3,802 grams per tonne silver, 1 gram per tonne gold, 1.91% copper, 17.27% lead and 28.4% zinc, while a second sample, also from the upper adit, assayed 3.65 per cent lead, 4.05 per cent zinc, 1,288.93 grams per tonne silver and 0.446 gram per tonne gold.
 
The acquisition of the Porphyry Creek project provides the Company with a significant land package in a second highly prolific mineral district in British Columbia. Work completed in 2008 included a reconnaissance rock and stream sediment sampling program, an assessment of the known mineral occurrences, and an expansion of the property-wide database through. Results are pending from this work.

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, VP Administration, CFO Quaterra Resources Inc.
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, 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
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.

Donald Head, Director, audit committee member
Mr. Head is the former Chairman, President and Chief Executive Officer of publicly held Capital Title Group, Inc., a title insurance underwriter, agent and settlement services provider that was acquired in 2006 by LandAmerica Financial Group, Inc., at the time an NYSE listed company, in a transaction valued at $266 million. He recently served as Vice-Chairman of the Board of Global Entertainment Corporation, a public company involved in regional arena development and the related entertainment industry Mr. Head is currently the Managing Principal of Head Management Investments, L.L.C., a diversified investment fund.

Kenneth Burgess, LLB, Director, head of audit committee
Mr. Burgess is a member of the Vancouver law firm Norton, Stewart. He has over 22 years experience providing legal services to corporate clients and their principals and is an officer and director of a number of private companies. Mr. Burgess is presently the chairman of the Business Law section of the Vancouver chapter of the Canadian Bar Association and is a regular lecturer on corporate law with the Professional Legal Training Course operated by the Law Society of British Columbia. Mr. Burgess has a Bachelor of Commerce degree from the University of British Columbia (1982) and an LL.B. from the University of British Columbia (1983) and was called to the bar in British Columbia in 1984.

Derek L. Page, MBA, Director
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

SEDAR Filings: URL