Continues To Hit High-Grade Copper In NT
Castile Resources Limited’s (ASX:CST) latest assays from the Rover 1 have continued the excellent results from the IOCG (iron-oxide- copper gold system) in Australia’s Northern Territory.
21CRD002-1 has reinforced the success of 21CRD002, intersecting two zones of material gold grades, and six individual zones of high-grade copper. These results support the evolving geological and mineralisation model at Rover 1 put forward by Castile’s geological team and add to the building metal inventory defined at Rover 1.
Significant intersections included: 11m @ 2.2% Cu with 0.9g/t Au and 2.2g/t Ag from 571m downhole; Incl. 1.8m @ 5.4% Cu with 2.1g/t Au, 0.1% Bi and 4g/t Ag from 573.97m downhole
“It goes without saying that we’re extremely pleased with what is now a solid trend of Castile drilling returning results that not only confirm our revised interpretation of the form and extent of the mineralised pods at Rover 1, but continue to expand the footprint of the resource,” Managing Director, Mark Hepburn, said.
“What I’m particularly pleased with in regard to 21CRD002-1 is the 3 for 1 nature of the results from this hole. 21CRD002- 1 has further outlined an additional mineralised zone higher-up the system which should have a positive impact on project economics, it has also provided further support for previously unrecognised continuity between what were thought to be separate pods of high-grade mineralisation, and thirdly it has expanded the footprint of known zones of mineralisation at the base of the resource, increasing the scale of the prize.
“As the Rover 1 development studies approach critical mass in what remains a logistically challenging, COVID-impacted period for the greater Australian resources industry, it’s pleasing to see Castile’s technical team taking full advantage and delivering value with every hole.”
The 100% owned Rover Project is located 80 km southwest of the township of Tennant Creek in the Northern Territory. The total tenement area is approximately 1,054 km² covering a significant proportion of the Rover Mineral Field
For further information please visit: https://www.castile.com.au/