/NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/
VANCOUVER, July 3, 2013 /CNW/ - Carolina Capital Corp. (TSX Venture:
CQC) is pleased to announce that it has completed the 2013 exploration
program on the GP property, located near Lytton, British Columbia,
further defining the previously known NW trending gold-in-soil and
arsenic-in-soil anomaly. The 1,978 hectare GP property is a low
sulphidation epithermal project lying within the Spences Bridge Gold
Belt of south central British Columbia. Carolina is earning a 100%
interest by making cash payments of $25,000, issuing 700,000 common
shares of Carolina over the next two years and completing $100,000 in
The 2013 program consisted of in-fill soil geochemistry over the heart
of the NW trending anomaly striking through the middle of the property.
This was accomplished by tightening the sample spacing to 50 metres by
25 metres resulting in the collection of 1,748 samples.
The 2013 program continued on the success of 2011, further delineating
and defining the 2.7 kilometre, NW trending Au-in-soil and As-in-soil
anomaly. The width ranges from one station, about 25 metres, to four
stations, about 100 metres and continues to both ends of the grid. It
is stronger over the northern part of the grid, corresponding to the
Pimainus volcaniclastics and weaker in the overlying Spius andesites to
A program of deep Induced Polarization surveying has been recommended to
test the full strike extent of the anomaly for zones of quartz veining
and accompanying precious metal mineralization in advance of diamond
R. Tim Henneberry, P. Geo., a qualified person under NI 43-101 and a
Director of Carolina Capital Corp., has reviewed and approved the
technical content of this news release.
ON BEHALF OF THE BOARD:
President, CFO & director
Neither the TSX Venture Exchange Inc. 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
SOURCE: Carolina Capital Corp.