Announcement Date: 2022-11-21
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Redcastle Resources Ltd.
Project name: Redcastle
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 7m at 3.97g/t Au from 6m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Redcastle Resources Ltd (Redcastle or Company) is pleased to advise the results of the recently completed RC drilling program at the company’s flagship Redcastle Gold Project. The Company successfully completed a 41 hole program for 2,774m with several shallow grade results achieved. This drilling was designed to step out along strike from the most recent results. The program was affected by heavy rainfall. The results listed here include some 4m composite results from the later holes. The Redcastle Reef target has now been tested over a strike length of 700m, whilst the Queen Alexandra target has been tested over approximately 200m, with the deepest hole now at 150m. This target remains open in all directions. The Redcastle Reef mineralisation is somewhat more complicated structurally, and more detailed analysis of the data is required prior to planning the next phase of drilling. The aim now is to continue the exploration program to extend the strike length of the near surface known mineralisation, and to complete further RC drill holes to test the extent of gold mineralisation at other targets. Planning for this work has already commenced.
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