🕐05.03.13 - 15:27 Uhr

BEDROCK GOLD MINERALISATION DISCOVERED AT BUNDI PROSPECT



Castle Minerals Announcements

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Castle Minerals Limited

Bedrock Gold Mineralisation Discovered at Bundi Prospect

Dear MvM Commodity Group

Castle Minerals Limited (ASX: CDT) is pleased to announce that RAB drilling at its Bundi Prospect in north-west Ghana has discovered an open ended zone of bedrock gold mineralisation over 1km long.
 
This new gold mineralized zone is 20-60m wide and is hosted within altered Birimian metasediments.  The zone is completely open to the north and south and extensional drilling will commence shortly to outline the full extent of the zone. 
This is one of the strongest bedrock gold targets generated by the Company to date with the gold mineralisation discovered beneath a shallow veneer of alluvial cover.

Castle’s Managing Director, Mr Mike Ivey, said; “Bundi is a compelling target for RC drilling that we will complete as soon as we define the full extent of this open ended zone.

These results reaffirm the very strong prospectivity of this unexplored area that will now be part of an enhanced exploration effort by Castle”.
 
Drilling was conducted using Castle’s own RAB drill rig that is achieving ~5,000m per month with drill costs less than $5/m.
 
Drilling was completed to blade refusal and averaged 12m down hole depth within the mineralised zone with most holes ending in mineralisation.  Significant results included:
 
SWRB316              4m @ 0.70 g/t gold from 5m
SWRB331              5m @ 0.35 g/t gold from surface
SWRB332              8m @ 0.30 g/t gold from surface
SWRB343              7m @ 0.15 g/t gold from surface
SWRB357              2m @ 0.25 g/t gold from 10m
SWRB367              4m @ 0.28 g/t gold from 10m
SWRB369              5m @ 0.97 g/t gold from surface
SWRB380              10m @ 0.17 g/t gold from surface
SWRB393              13m @ 0.33 g/t gold from 5m
SWRB403              19m @ 0.26 g/t gold from 5m
SWRB413              10m @ 0.74 g/t gold from 5m
         Incl.                5m @ 1.23g/t gold from 5m

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Bedrock Gold Mineralisation Discovered at Bundi Prospect

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