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Castile Resources (ASX:CST) - Non Executive Chairman, Peter Cook
Non Executive Chairman, Peter Cook
Source: The CEO Magazine
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  • Drilling at Castile Resources (CST) outlines an additional mineralised zone at the Rover 1 deposit in the Northern Territory
  • A broad high-grade copper zone has been identified in assays from the latest hole at the deposit with two zones of gold and six individual zones of copper
  • Results from 571 metres downhole included 1.8 metres at 5.4 per cent copper with 2.1 g/t gold, 0.1 per cent bismuth and four g/t silver
  • CST is encouraged by the results which in addition to previous results, support its geological and mineralisation model
  • Shares are trading grey this morning at 18.5 cents at 9:06am AEST

Drilling at Castile Resources (CST) has outlined an additional mineralised zone at the Rover 1 deposit in the Northern Territory.

The deposit is located within the company’s Rover Project, 80 kilometres southwest of Tennant Creek.

CDT said assays from the latest hole at Rover 1 have identified a broad high grade copper zone, intersecting two zones of material gold grades and six individual zones of high-grade copper.

Specifically, intersections included 11 metres at 2.2 per cent copper with 0.9 grams of gold per tonne (g/t) from 571 metres.

Further down at 573 metres, results included 1.8 metres at 5.4 per cent copper with 2.1 g/t gold, 0.1 per cent bismuth and four g/t silver.

In addition to high-grade results reported on July 16, the company said the latest results support its geological and mineralisation model.

Managing Director Mark Hepburn said the company is extremely pleased with the results so far, particularly the location of the additional mineralised zone higher-up the system which could positively impact project economics.

Additionally, Mark is encouraged by the continuity observed between what was originally thought to be seperate pods of mineralisation.

The managing Director said the results have expanded the footprint of the known zones of mineralisation which increases the “scale of the prize”.

Moving forward, the company will continue ongoing exploration and mine planning assessments.

Shares were trading grey this morning at 18.5 cents at 9:06am AEST.

CST by the numbers
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