Continues To Expand Global Resource In NT
Castile Resources Limited (ASX:CST) continues to expand the global resource with its ongoing drilling programme at its IOCG (iron oxide copper gold) discovery Rover 1 in Australia’s Northern Territory.
The programme is also helping define the dimensions of the overall mineralised system and in particular, the rich high-grade zones of gold which will dominate the economics of the future mine plan.
The highlight is hole 21CRD002-2A which has returned yet another spectacular intercept of very high-grade gold and coincident copper. The hole is strongly mineralised throughout the IOCG body with the gold zones returning an exceptional intercept of: 38.7m at 7.4 g/t Au, 0.3% Cu and 0.2% Bi from 603m downhole
Managing Director, Mark Hepburn, said that as has been typical of Rover 1, several sub-parallel bonanza grade zones of gold with higher copper and bismuth are traceable within the larger aggregated zones. These include: 6.0m at 23.4 g/t Au, 0.3% Cu, 0.2% Bi from 609m downhole 3.6m at 10.9g/t Au, 0.3% Cu, 0.2% Bi from 617.4m downhole 2.4m at 23.3 g/t Au, 0.4% Cu , 0.1% Bi from 629.6m downhole ; and 2.0m at 5.6g/t Au, 0.3% Cu from 636m downhole.
Another section of the hole returned the following intercepts: 14.5m @ 3.7g/t Au with 0.5% Cu, and 1.5g/t Ag from 584m downhole inc 2.3m @ 10.4g/t Au with 0.4% Cu, and 1.1g/t Ag from 586m downhole inc 0.8m @ 15.5g/t Au with 0.5% Cu, and 2.8g/t Ag from 597.7m downhole
Higher up in the hole within the copper dominant zones the hole has returned significant intercepts of: 14.5m at 2.2% Cu, 1.0 g/t Au, 0.2% Bi, 0.1% Co from 553.5m downhole inc 3.9m at 4.9% Cu, 1.6g/t Au 0.2% Bi and 0.1% Co from 561m downhole 4.0m at 1.0% Cu, 1.7g/t Au from 572m downhole
4.0m at 1.2% Cu, 0.5g/t Au, 0.1% Bi from 580m downhole 5.2m at 1.4% Cu from 491.8m downhole
“This is yet another sensational result from the drilling at Rover 1 with the exceptional gold and copper intercepts that endorse why Tennant Creek carries the distinction of being Australia’s highest grade goldfield,” Mr Hepburn said.
“Our drill programme continues at Rover 1 with our next hole targeting the zones of much higher grade copper that are interpreted within the overall IOCG body. In further good news, we now anticipate being able to drill all our Jupiter Deeps targets from the 21CRD005 parent hole which eliminates the requirement for parent hole 21CRD004 giving us a significant savings in time and money.
“Castile has completed preparation works on its other targets within its overall Rover tenure with ‘state of the art’ geophysical surveys set to commence at the Explorer 108 Pb-Zn-Cu prospect and the Explorer 142 IOCG prospect in early September. It is anticipated that another IOCG prospect, Rover 3, will also be prepared for geophysical survey.”
For further information please visit: https://www.castile.com.au/