QUEEN ALEXANDRA SHOWS PROMISING GOLD MINERALISATION

Redcastle Resources Reports High-Grade Intercepts Near Surface

Redcastle Resources Limited (ASX:RC1) has announced positive assay results from a recent RC drilling program at the Queen Alexandra prospect, revealing consistent shallow gold mineralization. Key findings include mineralization continuity across a 200m strike and a combination of subvertical veining and horizontal structures, with gold grades increasing at depth.

Highlights from the Assay Results:

  • The 20m x 20m RC drilling program reached depths up to 45m, with gold intersections occurring primarily within the top 20m.
  • Notable gold assays include 1m @ 27.6g/t, 3m @ 12.51g/t, and numerous other high-grade hits.
  • Preliminary metallurgical testing of a high-grade sample from 2022 indicated a gold recovery of 92%.

The Company’s drilling at the QA prospect covered 37 holes for 1,937m, with the top 5m not assayed due to prospector surface rights. All assay results are now received, including from a sizable number of 1m and composite samples. Additional assays have been submitted following promising initial composite results.

Redcastle Resources is encouraged by these findings, which underscore the potential for significant gold mineralization at the Queen Alexandra prospect, with further results and analyses anticipated to refine the geological understanding and guide future exploration strategies.

Read the full announcement

Goldman

Read Previous

SANDSTONE NORTH REVEALS MAJOR 6KM GOLD TARGET

Read Next

PHASE 2 DRILLING WRAPS AT OBLIQUE PROSPECT