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Castile Resources (ASX:CST) - Non executive Chairman, Peter Cook
Non executive Chairman, Peter Cook
Source: Business News
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  • Recent results expand the Jupiter Zone at Castile Resources’ (CST) Rover 1 Deposit in the Northern Territory
  • The latest results have revealed strong gold hits as well as excellent accompanying copper and co-product mineralisation
  • Overall, grades peaked at 29.9g/t gold, 12 per cent copper, 6.7 per cent bismuth, 0.3 per cent cobalt and 5g/t silver
  • According to Managing Director Mark Hepburn, the results show potential for the zone to extend even further
  • Castile is up 4.35 per cent on the market with shares trading at 24 cents at 10:31 am AEST

Recent results have expanded the Jupiter Zone at Castile Resources’ (CST) Rover 1 Deposit in the Northern Territory.

The Rover 1 Deposit is part of Castile’s 100 per-cent-owned Rover Project which lies 80 kilometres southwest of Tennant Creek.

The latest results have revealed strong gold hits as well as excellent accompanying copper and co-product mineralisation.

Overall, grades peaked at 29.9g/t gold, 12 per cent copper, 6.7 per cent bismuth, 0.3 per cent cobalt and 5g/t silver.

“These are superb results that expand the rich high-grade zone and show potential for it to extend even further,” Managing Director Mark Hepburn said.

“It was most pleasing to see a band of 12 per cent copper as a bonus within the bulk intercept of this hole. This is another fantastic result for Castile as we progress toward development studies.”

Castile has also received results from hole 21CRD001-2 which was drilled to trace the high-grade gold zone.

This hole also extends the known copper-gold mineralisation which remains open above.

A best result of 49.9 metres at one per cent copper with 0.5g/t gold from 534.1 metres downhole was returned.

“This is yet another fantastic result that expands on the mineralised system and which importantly reinforces our current geological model,” Mr Hepburn continued.

“This increasing confidence in our understanding of the architecture at Rover 1 should allow us to become progressively bolder in our targeting, which will hopefully pave the way for further exploration success of a material scale.”

Castile was up 4.35 per cent on the market with shares trading at 24 cents at 10:31 am AEST.

CST by the numbers
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