Castle Resources (ASX: CST) add to golden trove at Rover 1
Castile Resources Limited has boosted estimated gold by 51,000 ounces at its Rover 1 project, part of its two discoveries from targeting extensions to gold and copper mineralisation in the Jupiter Deeps region in the Northern Territory.
The news followed its recent high-grade gold zone discovery and confirmed a significant extension to the mineralised Jupiter Deeps IOCG alteration.
The 2022 program was true “exploration” style drilling aimed at growing the Resource inventory by targeting extensions to the existing gold and copper mineralisation that lies down dip of the Jupiter Deeps region of the Rover 1 orebody.
The analysis is now complete on all sampling collected from the Rover 1 2022 exploration drilling campaign, and Castile is pleased to announce that the total metal inventory of gold, copper, cobalt and magnetite has all increased significantly, primarily due to large increases in the Inferred category representing extensions to the Jupiter Deeps ore body.
The Company’s ASX share price is 12c at market open.
Results
- Total gold increased by 20% to 315,200oz, with Inferred gold rising by 289% to 81,400oz
- Total copper increased by 7% to 83,200t, with Inferred copper rising by 44% to 20,100t
- Total cobalt increased by 5% to 4,000t with Inferred cobalt rising by 22% to 1,100t
- Total magnetite increased by 18% to 1,295,000t, with Inferred magnetite rising by 119% to 357,000t
- Total tonnage increased by 18% to 5.58Mt, with Inferred Tonnes rising by 86% to 1.61Mt
About Castile Resources
Castile Resources was a wholly-owned subsidiary of Westgold Resources and held Westgold’s Northern Territory poly-metallic assets: the Rover and Warumpi projects. In August 2019, Westgold announced plans to de-merge Castile.