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Castile Resources (ASX:CST) - Managing Director, Mark Hepburn
Managing Director, Mark Hepburn
Source: Castile Resources
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  • Castile Resources (CST) intersects further high-grade gold and copper at the Rover 1 Deposit in the Northern Territory
  • Overall, up to 23.4 grams of gold per tonne (g/t), 0.4 per cent copper and 0.2 per cent bismuth was intersected
  • The results received to date continue to expand the global resource of Rover 1 and define the dimensions of the overall mineralised system
  • According to Managing Director Mark Hepburn, the company will now target zones of much higher grade copper
  • Shares in Castile are steady on the market and are trading at 23 cents

Castile Resources (CST) has intersected further high-grade gold and copper at the 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.

Additionally, Rover 1 has a JORC 2012 mineral resource of 6.9 million tonnes at 1.74 grams of gold per tonne (g/t), 2.07g/t silver, 0.3 per cent bismuth and 0.06 per cent copper.

Results have been received for hole 21CRD002-2A which returned a best intercept of 38.7 metres at 7.4g/t, 0.3 per cent copper and 0.2 per cent bismuth from 603 metres.

Other results include six metres at 23.4g/t gold, 0.3 per cent copper and 0.2 per cent bismuth from 609 metres; and 2.4 metres at 23.2g/t gold, 0.4 per cent copper and 0.1 per cent bismuth from 629.6 metres downhole.

The results received to date continue to expand the global resource of Rover 1 and define the dimensions of the overall mineralised system.

Managing Director Mark Hepburn is pleased with the results received.

“This is yet another sensational result from the drilling at Rover 1 with the exceptional gold and copper intercepts that endorse why Tennant Creek carries the distinction of being Australia’s highest grade goldfield,” Mr Hepburn commented.

“Our drill program continues at Rover 1 with our next hole targeting the zones of much higher grade copper that are interpreted within the overall iron-oxide copper-gold (IOCG) body.”

Shares in Castile were steady on the market and were trading at 23 cents at 12:37 pm AEST.

CST by the numbers
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