Duncastle Signs Agreement with First Nations at Porphyry Creek (The Wall Street Journal)

09 Aug Duncastle Signs Agreement with First Nations at Porphyry Creek (The Wall Street Journal)

VANCOUVER, BRITISH COLUMBIA, Aug 09, 2010 (MARKETWIRE via COMTEX) — Duncastle Gold Corp. (the “Company”) /quotes/comstock/11v!dun (CA:DUN 0.05, 0.00, 0.00%) (FRANKFURT: 5D3) reported today that it has signed a Communciations and Engagement Agreement with First Nations for 2010 exploration work on the eastern portion of its Porphyry Creek project located 20 kilometres northwest of Smithers in northwest British Columbia.

The agreement provides employment, training and business opportunities to First Nations and First Nations businesses in the eastern project area while granting Duncastle access for planned reconnaissance geology and drilling programs in 2010. The agreement compliments an earlier agreement signed for access to the western portion of the property and is a continuation of the positive relationship Duncastle has built with local communities starting with early consultation before work commenced in 2008.

Duncastle now has agreements in place with First Nations for all 2010 exploration target areas on the property.

The Porphyry Creek project presents a compelling porphyry copper-gold-molybdenum target with over 115 sq km of highly mineralized claims covering numerous high-grade gold, silver and polymetallic showings around a distinct 10 kilometer long magnetic high in stratigraphy known to host large porphyry deposits…. Go to article.