Castle Minerals Announcements
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June 2012 Quarterly Report
Dear MvM Commodity Group
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Quarterly exploration activity included 32,011m drilling:
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103 RC Holes for 3,676m
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1,241 RAB holes for 21,378m
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1,433 Auger holes for 6,957m
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3,041 soil samples collected
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Castle’s own RAB rig successfully drilled 21,378m at a total cost less than one third of contract rates
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New high – grade gold vein intersected at Julie West 9Danyawi) with RC drilling reporting
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12JWRC220 16m @ 14.7g/t gold from 32m
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12JWRC237 8m @ 13.48g/t gold from 17m
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12JWRC242 9m @ 3.01g/t gold from 27m
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12JWRC243 17m @ 7.34g/t gold from 21m
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12JWRC244 15m @ 7.95g/t gold from 29m
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12JWRC245 15m @ 5.44g/t gold from 34m
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RC drilling confirms a high grade graphite deposit at Kambale with graphitic carbon drill results reporting:
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KBAC 09 30m @ 9.12%C from 24m
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KBAC 13 46m @ 8.09%C from surface
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KBAC 41 19m @ 10.74%C from 21m
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KBAC 44 24m @ 8.46%C from 2m
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KBAC 46 26m @ 10.85%C from 30m
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KBAC 84 19m @ 9.56%C from 3m
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KBRC 01 52m @ 7.60%C from 40m
Metallurgical test work and resource estimation are underway
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Auger drilling defines strong anomaly at the new Pole prospect. The largest anomaly extends for over 5km and includes a peak auger sample reporting 7,170ppb gold.
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RC drilling at Baayiri prospect reported best results of 10m @ 2.51g/t gold from 44m and 11m @ 1.46g/t gold from 79m.
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June 2012 Quarterly Report |
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