Castle chases extensions after big gold hits in | Australian Markets

Castle Minerals is mobilising a reverse circulation drill rig for an imminent 2500-metre program to comply with up robust gold hits at its Kpali and Bundi gold prospects in an under-explored potential area in northern Ghana.

The program will take a look at for extensions to high-grade zones outlined at each prospects and also will sniff out new areas of potential gold mineralisation past the principle host shear construction.

The general Kpali project includes a cluster of gold prospects, together with the Kpali and close by Bundi prospects, in Ghana.

Castle’s upcoming drilling program will comply with up encouraging hits from the company’s remarkably profitable eight-hole reverse circulation drilling program at Kpali introduced in February.

It says the long intercepts, which carry high grades at shallow depths and have good continuity, all encourage the prospect of mining in what appears more and more to be a potential new West African mining camp in Ghana’s emergent northern area.

The best outcomes on the earlier Kpali drilling program included a gap that intercepted a hanging-wall lode with a run of 12m at 8.29 grams per tonne (g/t) gold from 25m. The hit included 6m going 11.60g/t gold from 31m, a best 1m intercept of 20.43g/t gold at 36m, and a deeper foot-wall intercept of 4m assaying 4.16g/t gold from 95m.

The second gap intercepted 7m at 2.23g/t gold from 35m, together with 4m working 3.23g/t gold from 35m and 11m at 2.24g/t gold from 50m, which incorporates 1m at 8.29g/t gold from 57m.

Five different holes additionally nailed very respectable grades from 5m to 109m, with intercept lengths between 5m and 13m and assays starting from 1.58g/t to eight.35g/t gold.

Management says the general power of mineralisation in the bulk of holes factors to the robust probability of figuring out further mineralisation from more drilling.

Castle’s upcoming drilling program may also search extensions to mineralisation alongside strike and to depth at Bundi.

Mineralisation at Bundi has been outlined alongside a 1.4-kilometre north-south strike, which options historic intercepts of 3m at 3.19g/t gold from 25m, 6m at 3.32g/t gold from 37m, 2m at 7.87g/t gold from 40m and 2m at 9.10g/t gold from 68m.

The company may also drill three holes to discover not too long ago developed artisanal gold workings about 1.5km south of Kpali which can be centred round an space of outcropping quartz veins. Outcropping rock is uncommon at Kpali owing to the in depth floor cowl of eluvial and alluvial soils.

The artisanal workings are usually not in depth, probably due to the lack of rock publicity, however their location on the identical structural pattern because the Kpali and Bundi prospects is encouraging for the world’s broader prospectivity.

The Kpali gold prospect lies within a mineralised hall related to a 30m to 50m vast zone of structural deformation instantly west of a granite intrusion.

Four earlier reverse circulation drilling packages have thus far confirmed a number of intently spaced, near-surface, shallow-plunging, high-grade, lode-style gold zones at Kpali to not less than 100m depth under floor alongside a 650m north-south strike.

The numerous Kpali prospects are “blind” discoveries, that means they’re hosted by rocks which can be largely obscured by floor cowl.

Apart from its present Bundi, Kpali, Kpali East, Wa South-East and Wa South-West targets, Castle has outlined a additional 17 vital geophysical targets all through the Kpali project ground, accompanied by many different smaller areas of curiosity.

Some of these targets display constructive soil and shallow rotary air-blast drilling most geochemical responses from 20 elements per billion (ppb) to more than 500ppb gold.

As we increase our understanding of the Kpali gold project we are able to now see many similarities in its geological and structural setting with that of a number of main deposits in Ghana and West Africa. This can be the case for the separate Kandia gold project, which we intention to return to in April to comply with up some very sturdy intercepts we not too long ago obtained there.

Stone added that big gold discoveries had been nonetheless being made in West Africa and that Ghana’s comparatively underexplored northern area, the place the company is exploring, is rising as a new frontier.

The Kpali project lies within the southward convergence of two main greenstone belts and three regional-scale buildings, all of that are related to identified gold deposits and gold anomalism. This suggests the world is a logical and natural centre from which to mount a focussed seek for one or more discoveries that would doubtlessly type the beginnings of a new West African mining camp.

Castle says the broader Kpali gold project is a typical structurally-controlled, orogenic setting much like different world-class gold mining operations in Ghana and West Africa.

The identified deposits lie in a basic setting for main West African gold deposits. Northern Ghana already hosts Cardinal Resources’ 5.1-million-ounce Namdini gold deposit and Azumah Resources’ 2.8m-ounce Black Volta gold project.

The high-grade Julie deposit at Black Volta is instantly alongside strike from Castle’s close by Kandia prospect, 105km north-east of Kpali. Castle plans to start drilling program at Kandia after it finishes its upcoming marketing campaign at Kpali.

Castle has an alternative at Kandia to outline in depth, shallow, bulk-tonnage gold mineralisation related to a 25km southwest-trending potential sheared contact zone that lies in opposition to an adjoining regional-scale granodiorite intrusion.

Four latest drill holes at Kandia confirmed the continuity and depth extension of beforehand outlined shallow mineralisation in the company’s “4000 zone” goal, with grade, mineralised width and dip all showing to increase with depth.

One gap intercepted 24m assaying 1.78g/t gold from 139m, together with 7m going 3.36g/t gold from 149m and a second intercepted 11m at 2.26g/t gold from 79m, together with 5m at 3.49g/t gold from 82m – making it a compelling option for additional exploration.

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