- Castile Resources (CST) intersects further gold and copper mineralisation at the Jupiter Deeps zone within the Rover 1 orebody in the Northern Territory
- Results come from hole 21CRD0005-1 which intersected up to 13.1 grams of gold per tonne and 4.1 per cent copper
- Castile has now completed drilling of hole 21CRD0005-2 and the core has been prepared and sent to the lab for assay
- Drilling of the hole 21CRD0005-3 has begun and updates will be made as work progresses
- Castile ended the day in the grey with shares trading at 23 cents
Castile Resources (CST) has intersected further gold and copper mineralisation at the Jupiter Deeps zone within the Rover 1 iron oxide copper-gold orebody.
Rover 1 is part of Castile’s 100 per cent owned Rover Project which lies 80 kilometres southwest of Tennant Creek in the Northern Territory.
It has a JORC 2012 mineral resource of 6.9 million tonnes at 17.4 grams of gold per tonne (g/t), 2.07g/t silver, 1.2 per cent copper, 0.14 per cent bismuth and 0.06 per cent copper.
Results come from hole 21CRD005-1 which returned 18.8 metres at 2.4 per cent copper and 4.7g/t gold from 880.15 metres, including 6.6 metres at 4.1 per cent copper and 13.1g/t gold from 882.35 metres.
Additional mineralisation zones were assayed and returned results of 1.7 metres at 3.5 per cent copper from 923.3 metres and 3.1 metres at 2.5 per cent copper from 927.7 metres.
Managing Director Mark Hepburn is pleased with the results.
“This is yet another fantastic result that has re-affirmed our confidence and increased the overall size of our Jupiter Deeps Zone,” Mr Hepburn commented.
“We anticipate that this zone, which is still open in most directions, will expand our mine and development plans.
“Importantly, this latest hole along with other previously announced from this continue to define and expand a core of very high-grade copper and gold mineralisation in the Jupiter Deeps which will greatly enhance the economics of the mining studies underway.”
Castile has now completed drilling of the third hole, 21CRD0005-2, and the core has been prepared and sent to the lab for assay.
Drilling of the fourth hole, 21CRD0005-3, has begun and updates will be made as work progresses.
Castile ended the day in the grey with shares trading at 23 cents in a $45.93 million market cap.