Announcement Date: 2022-08-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Castile Resources Ltd.
Project name: Rover
Location: Australia
Commodities: Gold,Copper
Highlight: Drilling results incl. 4.2m @ 0.9% Cu, 2.9g/t Au from 363.8m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Castile Resources Limited (ASX:CST) (“Castile” or “the Company”) is pleased to provide a further update on the outcomes of the remainder of drilling results at its Rover Project, near Tennant Creek in the Northern Territory. The last two holes of the program were drilled at the Rover 4 Prospect approximately 2.1km north of the planned Rover 1 mine. Given the Iron Oxide Copper Gold (IOCG) discovery previously made at this prospect, the decline has been planned to run past Rover 4 (see Figure 1) and potentially provide an early opportunity for copper ore to be produced whilst the Rover 1 orebody is being developed. The previous owners of Rover 4 drilled 48 holes into the deposit (see ASX:CST 2 February 2022) and Castile will now combine that data with these two new holes (see Figures 2 and 3) to produce a mineral resource estimate for the prospect. Two diamond holes were drilled at Rover 4 to validate the position of ironstone alteration and to gather valuable geotechnical information from the overlying and unconforming sedimentary rocks of the West Wiso basin within which the decline will be developed.
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