Castile Resources Limited’s (ASX:CST) latest hole drilled into the Jupiter Deeps zone of its IOCG (iron oxide copper gold) Rover 1 ore body has returned yet another spectacular intercept of high-grade copper and gold in Australia’s Northern Territory.
Hole 21CRD005 has returned:
42.2 metres at 3.5% Copper with 2.1g/t Gold and 0.2% Bismuth from 871.9 metres, including 13.5 metres at 7.5% Copper with 4.5g/t Gold and 0.2% Bismuth from 875 metres downhole 2.5 metres at 12.9% Copper with 16.5g/t Gold and 0.5% Bismuth from 881 metres downhole
In addition, as is typical in these large intercepts of the rich IOCG (“iron oxide copper gold”) mineralisation, internal zones of significantly higher gold and copper exist. These are: 3.1m @ 8g/t Au with 0.8% Cu, 0.1% Bi, 0.1% Co and 3.6g/t Ag from 935m downhole inc 0.7 metres at 34.4g/t Gold with 0.9% Copper and 0.3% Bismuth from 937.4 metres downhole 28 metres @ 2.9g/t Gold with 4.7% Copper and 0.2% Bismuth from 875 metres downhole
“These are particularly spectacular results as Jupiter Deeps is one of the high grade zones which so far has been sparsely tested,” Managing Director, Mark Hepburn, said.
“With the data from this hole this section is now shaping as another significant zone of rich copper and gold and will no doubt greatly enhance the economic potential as we drill deeper into the Rover 1 ore system. It is remarkable to see grade and width of this nature and we are particularly excited to the further potential for similar results with this zone being open in all directions.”
Castile has also advised that the team from Gap Geophysics Australia has arrived on site and has begun the downhole electromagnetic (DHEM) survey at Explorer 108 which is approximately 40kms west of Rover 1.
GAP will run surveys on Hole NR108DD026 and Hole NR108DD017 to hunt for readings of the primary copper source below the large zinc lead deposit at Explorer 108. The primary copper source is the source of the copper feeder zones that make up the current copper resource at Explorer 108
For further information please visit: https://www.castile.com.au/