Castle Minerals increases Julie West resource

THE DRILL SERGEANT: Castle Minerals (ASX: CDT) has increased the total gold resource for the Julie West prospect in Ghana by 24 per cent to 487,100 tonnes at 4.4 grams per tonne gold for 69,000 ounces.

The increase at Julie West comes from a maiden resource estimate the company has completed for the high-grade Danyawu deposit that contains 72,100 tonnes at 5.5g/t gold.

The company indicated 85 per cent of these high grade ounces to be contained within 50m of the surface.

 

Wa project geology and prospect locations. Source: Company announcement

 

“Danyawu is the second high grade vein deposit discovered at Julie West by Castle,” Castle Minerals managing director Mike Ivey said in the company’s announcement to the Australian Securities Exchange.

“These are high value ounces being so close to surface and we have a number of other vein targets currently being investigated in the area.”

Castle explained the gold mineralisation at Danyawu remains open down plunge and occurs within a laminated quartz reef that has intruded granodiorite and mafic host rocks.

The company is continuing its RAB drilling campaign within its Wa gold project in north‐west Ghana.

Castle is operating its own drill rig to complete a drilling program of over 40,000m to test 26 of the more than 60 gold targets it has identified within the larger Wa project area.