Castile's IOCG project NT

Castile Resources returns ‘terrific’ results from Jupiter Deeps drilling in Northern Territory

Castile Resources (ASX:CST) has revealed its latest hole into the Jupiter Deeps zone at its Rover 1 IOCG (iron oxide copper gold) orebody in the Northern Territory has discovered new ‘high-grade’ gold and an expanded zone of IOCG alteration.

Castile reports that ‘significantly’, this expanded zone of IOCG alteration has returned multiple intercepts of strong mineralisation which expands and extends the known mineralisation at Jupiter Deeps.

As was previously advised this expanded zone of IOCG alteration exposed a new ‘high-grade’ gold zone outside of the known mineralisation and resource model, which returned 31m at 4g/t Au, 1.0% Cu and 0.1% Bi from 868m downhole.

It also included a high-grade core zone of 9.5m at 9.6g/t Au with 1.4% Cu and 0.2% Bi from 881.5m downhole.

Addressing the results, Castile Managing Director Mark Hepburn said: “This latest hole has been terrific for the company.

“This latest hole has been terrific for the company”

It discovered a new high-grade gold zone, showed the size of the IOCG alteration expanding and returned a broad intercept of copper significantly below all previous resource estimates.

We still have the assays for the Gannymede zone to come which hopefully can further enhance the Rover 1 ore system.”

There were two zones of copper of mineralisation in the hole. The upper zone from 975.15m down hole returned 6.9m @ 0.8% Cu and 0.30 g/t Au is interpreted to be the petering out of the main Jupiter Deeps copper zone.

The new zone and broad intercept of 27.2m @ 1.0% Cu, 0.5g/t Au and 0.1% Co from 1,012.7m is consistent with the style of mineralisation proximal to high-grade zones as noted higher in the system.

Images: Castile Resources Limited
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Written By Adam Orlando Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.