Northern Territory Exploration In Full Swing
Castile Resources Limited (ASX:CST) has identified high-grade gold in assay results from Hole 21CRD001A, which have expanded the high grade Jupiter Zone at Rover 1 in Northern Territory.
The latest results reveal strong hits at good widths of high-grade gold with excellent accompanying copper and co-product results which greatly enhance the value of the ore. This hole is within the high-grade stringer zone at the base of the overall IOCG alteration system.
Significant intercepts from Hole 21CRD001A included:
31.7m @ 8.6g/t Au with 0.8% Cu, 0.1% Bi and 3.3g/t Ag from 570.7m downhole; including 11.5m @ 17.2 g/t Au with 1.1% Cu, 0.1% Bi and 3.8g/t Ag from 587.9m downhole; including 5.7m @ 7.8 g/t Au with 0.7% Cu, 0.1% Co and 4g/t Ag from 571.1m downhole; 14.8m @ 6.5 g/t Au with 0.5% Cu, 0.7% Bi and 3.0 g/t Ag from 606.4m downhole; including 1.3m @ 29.9 g/t Au with 0.6% Cu, 5.8% Bi, 4.2g/t Ag from 615.7m downhole; 16.5m @ 1.1% Cu with 12.7g/t Au, 0.1% Bi, 3.8g/t Ag from 582.9m downhole; including 1.1m 3.9% Cu with 20.4 g/t Au, 6.7% Bi, 0.1% Co and 5g/t Ag from 614.9m downhole; including 0.3m @ 12.0% Cu with 8.2g/t Au,0.2% Bi, 0.3% Co and 3.6 g/t Ag from 615.7m downhole.
Managing Director, Mark Hepburn, said that as with its nearest hole, 20CRD002, this latest hole (21CRD001A) has a broad high-grade intercept which contains three distinct much higher-grade zones giving potential for bulk high-grade mining or more selective even higher-grade mining options. The area beneath and down plunge is now being targeted with further navi-wedge cuts to try and further expand this rich zone.
“These are superb results that expand the rich high-grade zone and show potential for it to extend even further. It was most pleasing to see a band of 12% copper as a bonus within the bulk intercept of this hole. This is another fantastic result for Castile as we progress toward development studies,” Mr Hepburn said.
Castile also announced that results from Hole 21CRD001-2, which was positioned to trace the high-grade gold zone up into the overall IOCG, also returned an enormous intercept of copper and gold typical of the overall IOCG mineralisation.
The high-grade gold zones are traceable within this unit, but the gold results appear to tail off as it enters the bulk magnetite alteration of the IOCG with copper becoming the dominant commercial mineral.
Mr Hepburn said that very pleasingly, this hole also extends the known bulk copper-gold mineralisation which is now open above this hole.
“This is yet another fantastic result that expands on the mineralised system and which importantly reinforces our current geological model. This increasing confidence in our understanding of the architecture at Rover 1 should allow us to become progressively bolder in our targeting, which will hopefully pave the way for further exploration success of a material scale,” he said.
The 100% owned Rover Project is located 80 km southwest of the township of Tennant Creek in the Northern Territory. The total tenement area is approximately 1,054 sq. km covering a significant proportion of the Rover Mineral Field.
For further information please visit: https://www.castile.com.au/
