Castle Minerals encounters new gold zone

/in /by

THE DRILL SERGEANT: Castle Minerals (ASX: CDT) has intersected a new area of near-surface gold mineralisation.

The encounter occurred during a recent round of RAB drilling conducted 500 metres east of the company’s recently discovered Kpali deposit in northwest Ghana.

 

Drill hole location plan for area around Kpali showing new area
of near-surface gold mineralisation intersected by RAB drilling. Source:
Company announcement

 

The company considers this zone to have potential to host primary gold mineralisation as the RAB intercepts overlie the east side of the Kpali granite and are aligned with a demagnetised corridor.

Notable intercepts include:

13SWRB920:
8 metres at 0.16 grams per tonne gold from 0 metres and 5 metres at 0.59g/t gold from 18 metres;

13SWRB921:
23m at 0.14g/t gold from 0m;

13SWRB922:
24m at 0.2g/t gold from 9m;

13SWRB926:
3m at 1.44g/t gold from 0m;

13SWRB972:
8m at 0.26g/t gold from 0m;

13SWRB974:
32m at 0.10g/t gold from 0m;

13SWRB976:
18m at 0.13g/t gold from 13m;

13SWRB985:
5m at 0.29g/t gold from 13m; and

14SWRB1903:
20m at 0.24g/t gold from 28m;

“These results are very encouraging and following receipt of all outstanding assays we propose to RC drill test this target with the aim of quickly defining the extent of primary gold mineralisation beneath the oxide intersections,” Castle Minerals managing director Mike Ivey said in the company’s announcement to the Australian Securities Exchange.

“The orientation and setting of the RAB intercepts is consistent with our regional structural interpretation and provides strong evidence that the plus-ten kilometre long ‘demagnetised’ corridor we have identified could host significant gold mineralisation.”

Castle said it is continuing with drilling around its Kpali and Bundi prospects as part of a 20,000m program in this area.

The company is currently waiting on assays for around 6,000 metres of additional drilling completed around Kpali representing approximately 200 RAB holes.

Email: info@castleminerals.com

Website: www.castleminerals.com