Castile Resources Limited (ASX:CST) has announced results from its latest drill hole at the Rover Project, with “excellent results” from the iron-oxide-copper gold system at the Rover 1 prospect.
The company reports that hole 21CRD002-1 has capitalised on earlier results from hole 21CRD002, intersecting two separate zones of material gold grades, along with six individual zones of “high-grade” copper.
These results provide support for the geological and mineralisation model at put forward by Castile’s geological team at Rover 1.
Key results include:
- 11m @ 2.2% Cu with 0.9g/t Au and 2.2g/t Ag from 571m; including
- 1.8m @ 5.4% Cu with 2.1g/t Au, 0.1% Bi and 4g/t Ag from 573.97m
100%-owned Rover Project
The Rover Project is situated 80 km southwest of Tennant Creek in the Northern Territory, with total tenement area of ~1,054 km² covering a significant portion of the Rover Mineral Field.
The primary mineralisation style at Rover is Iron Oxide Copper Gold, which is known to host large-scale economic copper and gold mineralisation similar to the significant Olympic Dam mine in South Australia, and Candelaria in Chile.
The Rover Mineral Field contains three advanced mineral deposits: Rover 1 (Au, Ag, Cu, Bi, Co), Explorer 108 (Ag, Pb, Zn) and Explorer 142 (Au, Cu).
Management comments
Castile Resources Managing Director Mark Hepburn said: “It goes without saying that we’re extremely pleased with what is now a solid trend of Castile drilling returning results that not only confirm our revised interpretation of the form and extent of the mineralised pods at Rover 1, but continue to expand the footprint of the resource.”
Images: Castile Resources Limited