Agreement on Cortez Summit Property Terminated
CARLIN GOLD CORPORATION
Suite 320 – 800 West Pender Street, Vancouver, British Columbia, V6C 2V6
Telephone: (604) 638-1402 / Facsimile: (604) 608-3878
Website: www.carlingold.com
February 20, 2018 TSX.V: CGD
NEWS RELEASE
Agreement on Cortez Summit Property Terminated
Vancouver, British Columbia - Carlin Gold Corporation (TSX Venture, CGD), ("Carlin" or the
“Company”) announces that Barrick Gold Exploration (“Barrick”) has terminated the Exploration
and Earn-in agreement on Carlin’s Cortez Summit property (“Cortez Summit” or the “Property”),
Eureka County, Nevada. In 2017 Barrick completed one vertical core hole, SJV17-D, to a depth of
5,171 ft. (1,577 m.) collared near the Fourmile structural zone in the southwest portion of the
Property. This drill hole was collared in post-mineral Miocene basalt and encountered altered and
mineralized upper plate Vinini strata at 283 ft. (86 m.). The hole continued in upper plate rocks to
the base of the Roberts Mountain thrust at 4,234 ft. (1,291 m.) below which is an essentially
complete section of the favorable carbonate host rocks.
The Company thanks Barrick for their work, and continues to believe that Cortez Summit is an
excellent mining exploration opportunity. This view is supported by the existence of multiple
additional quality targets on Cortez Summit which is located within one of the most well-endowed
gold regions in North America. Drilling to date by Carlin and Barrick has tested only a small
portion of ground in the southwest corner of the 4 square mile Property, and SJV-17-1D is the only
hole to have fully penetrated the favorable lower plate section. Hornfels alteration in upper plate
rocks, likely produced by the thermal effects of the nearby Jurassic age Mill Canyon quartz
monzonite stock, has been encountered in most of the Carlin/Barrick drill holes. The thermal
contact zone around the stock plays an important role in Barrick’s high grade success at their
Fourmile target (below). Carlin is encouraged that this geological environment appears to extend
east onto Cortez Summit and into the influence of the northwest trending Fourmile structural zone
target. Carlin remains encouraged by the potential at Cortez Summit, and is evaluating future plans.
Cortez Summit is contiguous with Barrick claims on all sides and on the west boundary (Goldrush
side) adjoins the new Fourmile exploration target area described by Barrick in its February 22, 2016
News Release. Two high grade holes drilled by Barrick in 2015 at their Fourmile target north of the
Goldrush resource further enhanced the potential at Cortez Summit. Barrick states that these holes
have encountered mineralization “well above the average grade of the indicated and inferred
resources at Goldrush”, for example 14.3 meters (m.) grading 31.7 grams per tonne (gpt). and 5.8m.
grading 49.6 gpt. (Barrick Feb. 22, 2016 news release). These high grade intervals are reported by
Barrick as being in the favorable lower plate carbonate stratigraphy within the thermal contact zone
surrounding the Mill Canyon stock.
About Cortez Summit
The Company’s 100% owned Cortez Summit Property consists of 142 unpatented claims centrally
located on the Cortez Trend, in what is currently one of the most active gold exploration areas in
Nevada. The Cortez Trend contains a major gold endowment that exceeds 50 million oz. total gold
produced, reserves and resources (Nevada Bureau of Mines and Geology annual mineral reports,
Barrick annual reports). Cortez Summit is located within one kilometer of Barrick’s 11.5 million
ounce Goldrush resource, of which 9.6 million oz. grading 9.6 gpt are reported to be in the
measured and indicated category (Barrick 2016 Q4 Report).
As previously reported, hole SJV17-1D encountered a 592 ft. (180 m.) interval of highly
anomalous arsenic at 328-920 ft. (100-280 m.) averaging 480 ppm, with strongly anomalous Carlin-
style pathfinder elements including mercury (to 17 ppm), antimony (to 173 ppm) and thallium (to
6.3 ppm). Gold values include a 10 ft. (3 m.) wide zone at 694-704 ft. (211-214 m.) grading 2.6
gpt. This thick anomalous interval is contained in upper plate rocks consisting of variably clay-
altered, iron-oxide stained, brecciated hornfels and lesser mudstone/siltstone, with the most intense
clay alteration and iron-oxide development at 652-798 ft. (199-243m.). Modest zones of anomalous
arsenic and thallium occur further down the hole, including a 415 ft. (127 m.) interval of anomalous
thallium straddling the base of the Roberts Mountain Thrust. Minor, local zones of brecciation,
carbon development, and minor decalcification were also observed in the lower plate carbonate
section. However, no significant gold mineralization was encountered.
About Carlin
In addition to Cortez Summit, Carlin owns two additional properties in northern Nevada with
sediment hosted gold exploration targets. The JDS property consists of 77 100% owned unpatented
claims located in Eureka County, approximately 13 miles southeast of Cortez Summit. The Willow
property consists of 89 100% owned unpatented claims located in northeast Nevada, northwest of
the Long Canyon gold discovery in the Pequop Mountains, owned by Newmont Mining
Corporation. The Company also controls, in a 50-50 joint venture with Constantine Metal
Resources, Ltd., over six hundred square kilometers of claims covering precious metal and base
metal targets in the Selwyn Basin, Yukon.
"K. Wayne Livingstone"
K. Wayne Livingstone,
President and Chief Executive Officer
Telephone: (604) 638-1402
Website: www.carlingold.com
Notes:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Robert Thomas CPG, Vice President of Carlin and a qualified person as defined by Canadian National Instrument 43 -
101, has reviewed and approved the technical information contained in this news release on behalf of the Company.
Forward looking statements: This news release includes certai n “forward-looking information” within the meaning of
Canadian securities legislation and "forward -looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (collectively "forward looking statements").” Fo rward-looking statements
include predictions, projections and forecasts and are often, but not always, identified by the use of words such as
“seek”, “anticipate”, “believe”, “plan”, “estimate”, "forecast", “expect”, "potential", "project", "target", "sche dule",
budget" and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be
achieved and other similar expressions and includes the negatives thereof. All statements other than statements of
historical fact included in this news release are forward-looking statements that involve various risks and uncertainties.
There can be no assurance that such statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements
Forward-looking statements are based on a number of material factors and assumptions. Important factors that could
cause actual results to differ materially from Carlin’s expectations include further exploration results from the Cortez
Summit Property, changes in project parameters as plans continue to be refined, results of future resource estimates,
future metal prices, availability of capital and financing on acceptable terms, general economic, market or business
conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a
timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated
environmental impacts on operations and co sts to remedy same, and other exploration or other risks detailed herein
and from time to time in the filings made by the Company with securities regulators. Although the Company has
attempted to identify important factors that could cause actual actions, events or results to differ from those described
in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially
from those anticipated. There can be no assurance that forward -looking statements w ill prove to be accurate and
accordingly readers are cautioned not to place undue reliance on forward -looking statements.