USD $4,165.18
Goldman 1,000m RC Drilling Programme Initiated in Highly-Prospective Region
Castle Minerals Limited (ASX:CDT) has commenced a 1,000m RC drilling programme at the Kpali Gold Project, which marks the first phase of a broader 3,500m multi-prospect Proof-of-Concept test for a new West African gold exploration camp.
Initial drilling has confirmed shallow, high-grade gold mineralisation over an 850m strike to a depth of 100m, with notable intercepts including:
- 22m at 2.85 g/t Au from 87m, including:
- 17m at 3.40 g/t Au from 89m and
- 7m at 6.03 g/t Au from 90m (13SWRC049)
- 10m at 2.84 g/t Au from 92m (13SWRC053)
- 14m at 2.29 g/t Au from 98m, including:
- 5m at 4.53 g/t Au from 99m (13SWRC054)
- 16m at 3.23 g/t Au from 9m (13SWRC057)
- 10m at 2.01 g/t Au from 22m and
- 10m at 1.45 g/t Au from 49m (13SWRC059)
The Kpali Gold Project is part of Castle’s 2,686km² Wa Gold Project, which hosts several additional gold prospects. It is strategically located in highly-prospective Birimian terrane, known for world-class deposits within Ghana and West Africa. The reactivation of Kpali coincides with record gold prices and growing investor interest in West African gold exploration.
Stephen Stone, Castle Executive Chairman, commented:
We are very pleased to be drilling again at the highly prospective Kpali Gold Project which was a totally virgin discovery by Castle following its recognition as a favourable geological and structural focal point in one of the world’s most well-endowed gold regions.
Our immediate aim is to demonstrate that Kpali could be an indicator of a new West African mining camp with initial Castle RC drilling providing a great start to doing that having returned intercepts of 22m at 2.85 g/t Au from 87m including 7m at 6.03 g/t Au from 90m, 5m at 4.53 g/t Au from 99m and 16m at 3.23 g/t Au from 9m. Historically high gold prices and increasing investor interest in West African gold exploration are two other good reasons to be reactivating this previously under-the-radar and compelling Castle asset.
