Assays from Castile Resources Limited’s (ASX:CST) first hole into the existing resource at Explorer 108 has returned sections of high grade zinc and lead with trace copper from a massive 145m mineralised interval.
Castile’s 100% owned Explorer 108 is located approximately 40kms west of Rover 1 in Australia’s Northern Territory and is easily within trucking distance. Explorer 108 has an existing in situ resource of 11.8Mt 3.2% Zn, 2.00% Pb, 11.1g/t Ag with 5.7Mt at 0.36% Cu.
Highlights from Hole NR108D049-1 include the following intercepts:
145m @ 1.6% Zn and 0.9% Pb with 9.3g/t Ag and 0.6g/t Au from 485m downhole. inc 4.9m @ 5.7% Zn and 3.1% Pb with 57.8g/t Ag, 0.1% Cu and 7.6g/t Au from 493.1m downhole. inc 7.1m @ 5.7% Zn and 3.4% Pb with 12.9g/t Ag, 0.1% Cu and 0.7g/t Au from 558.9m downhole. inc 2.2m @ 12.6% Zn and 3% Pb with 17.3g/t Ag, 0.1% Cu and 0.5g/t Au from 581.35m downhole. inc 6m @ 2.4% Zn and 1% Pb with 6.5g/t Ag and 0.2g/t Au from 607m downhole.
“It goes without saying that there are very few projects where a company can produce a massive 145m zinc/lead intersection from their maiden hole into the target,” Managing Director, Mark Hepburn, said.
“This great result expands the footprint of the Explorer 108 mineralisation and has reinforced Castile’s view that the Explorer 108 area should be the centrepiece of the 2022 drilling campaign.
“Additionally, Explorer 108 is the obvious target of the next pre-development study in Castile’s ‘hub and spoke’ strategy that includes a centralised processing area at Rover 1 within easy trucking distance of all the other nearby prospective tenements within the Rover Mineral Field.”
For further information please visit: https://www.castile.com.au/projects/rover-project/
