🕐20.05.13 - 04:27 Uhr

NEW 600M LONG GOLD ZONE DEFINED - KPALI PROSPECT



Castle Minerals Announcements

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Castle Minerals Limited

New 600m Long Gold Zone Defined - Kpali Prospect

Dear MvM Commodity Group

Castle Minerals Limited (ASX:CDT) is pleased to announce that RAB drilling 4km south of the Company’s Bundi prospect in north-west Ghana has reported further strong gold intercepts from RAB drilling defining a new +600m long zone of continuous mineralisation.
 
This zone has been named Kpali after a nearby village.  Significant RAB hits from the two phases of drilling completed at Kpali include:
 
10m @ 1.00 g/t gold from 5m
10m @ 1.46 g/t gold from 15m (EOH)
3m   @ 1.44 g/t gold from surface
10m @ 1.19 g/t gold from 5m*
10m @ 1.80 g/t gold from 16m*
2m   @ 1.90 g/t gold from 4m*
2m   @ 3.28 g/t gold from 15m*
3m   @ 2.00 g/t gold from 20m*
*Previously reported 6 May 2013
 
Castle’s Managing Director, Mr Mike Ivey said, “These are the strongest RAB intercepts we have reported so far from our Wa Project and define a compelling +600m long coherent gold corridor 20-80m wide that remains open.  We also intersected broad zones of gold mineralisation 300m east of Kpali that requires immediate followup.”
 
Three RC holes tested the southern portion of the Kpali zone last week and intersected altered pyritic sediments, however the rig left site before these latest RAB results were received.  Assay results are awaited for the Kpali RC holes as well as the RC program recently completed at the Bundi prospect (4km north).  RC drilling at Bundi also intersected sulphidic sediments and assays are awaited.
 
RAB drilling at Kpali is scheduled to recommence before the end of May.

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New 600m Long Gold Zone Defined - Kpali Prospect

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