RC Drilling Confirms Gold and Zinc Discovery at Bundi Prospect

Dear MvM Commodity Group

Castle Minerals Limited (ASX:CDT) is pleased to announce that RC drilling at the Company’s Bundi prospect in north-west Ghana has intersected a coherent zone of gold mineralisation over at least 1100m strike.  The gold mineralisation occurs within a zone of sulphide alteration that has a strong correlation with elevated zinc levels with up to 4% zinc reported from portable XRF analysis.  There has also been coarse sphalerite (zinc sulphide) observed in drill chips.
 
Castle’s Managing Director, Mr Mike Ivey said, “We have now confirmed Bundi as a new gold discovery for the Company with the associated zinc mineralisation an unexpected bonus.

 Zinc mineralisation is rare in West Africa however Blackthorn Resources are developing their high grade Perkoa Zinc deposit in Burkina Faso that has a Probable Ore Reserve of 6.3Mt at 13.9% zinc*.

Bundi will now be explored for base metal mineralisation as part of our ongoing gold exploration program.”
 
Significant gold intercepts (5m RC composite samples) from the RC drilling at Bundi include;
           
            10m @ 1.27g/t gold from 25m          13SWRC026   
            15m @ 1.15 g/t gold from 30m         13SWRC027   
Incl.

    10m @ 1.61 g/t gold from 35m        
            10m @ 1.12 g/t gold from 40m         13SWRC028
            20m @ 1.13 g/t gold from 50m         13SWRC032
Incl.

    10m @ 1.92 g/t gold from 60m        
 
Bundi is a grassroots gold discovery in a previously unexplored area.  Proposed next steps include, individual metre analysis of gold samples, laboratory analysis of zinc zones reported from the portable XRF analysis, RAB and RC drilling and airborne geophysical surveys.

RC Drilling Confirms Gold and Zinc Discovery at Bundi Prospect