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NewCastle Gold begins trading on TSX, outlines plans for Calif. gold project

NewCastle Gold Ltd. started trading on the TSX at market open Jan. 17 after receiving final approval from the bourse, according to a same-day release.

The company's common shares, meanwhile, were delisted from the TSX Venture Exchange before the start of trading Jan. 17.

NewCastle also outlined its 2017 plans for its flagship Castle Mountain gold project in California, which include completing a 40,000-meter drill program before the end of April, followed by an updated resource estimate on the Oro Belle Trend in the third quarter and a pre-feasibility study in the fourth quarter.

In addition, the company seeks to to kick off a pre-stripping program by year-end in the area of the starting pit to remove approximately 10 million to 20 million tonnes of low-grade material.