Castle Minerals hits gold at Kpali

THE DRILL SERGEANT: Castle Minerals (ASX: CDT) has finished a program of RC drilling, which it claims has resulted in the discovery of a new gold zone at the company’s 100 per cent-owned Kpali prospect in Ghana.

Castle completed 16 RC holes in December 2013, which were designed to test a 650 metre gold anomaly it had previously defined through soil geochemistry and RAB drilling.

Gold intercepts of note include:

30 metres at 2.02 grams per tonne gold from 80 metres, including 15m at 3.10 g/t gold from 80m; (13SWRC049)

35m at 0.91g/t gold from 75m, including 20m at 1.42g/t gold from 85m; (13SWRC053)

30m at 1.28g/t gold from 85m, including 15m at 2.38g/t gold from 95m; (13SWRC054)

15m at 2.05g/t gold from 10m; (13SWRC057)

10m at 1.72g/t gold from 20m; (13SWRC059)

10m at 1.41g/t gold from 50m; and (13SWRC059)

10m at 1.25g/t gold from 100m. (13SWRC060)

 

RC drill hole location plan showing significant gold intercepts. Source: Company announcement

 

“This work confirms Kpali as an exciting new gold discovery for the company,” Castle Minerals managing director Mike Ivey said in the company’s announcement to the Australian Securities Exchange.

“These are the best drill results received from our exploration work in the southern part of our Wa project and greatly enhance the prospectivity of our large unexplored land holding in this area.”

The RC holes were drilled nominally on 80m sections and designed to test gold mineralisation to a depth of approximately 100m.

Castle said the drilling had shown gold mineralisation to be hosted within altered Birimian shales and sediments with associated silica ‐pyrite alteration.

Email: info@castleminerals.com

Website: www.castleminerals.com