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MENAFN - ProactiveInvestors - Australia - 17/12/2012

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(MENAFN - ProactiveInvestors - Australia) Castle Minerals (ASX:CDT) has completed exploration drilling to test eight pipe like geophysical targets at its Julie West gold prospect in Ghana and is now testing gold targets at the site.

The latest testing at the Julie West prospect is part of the 40,000 metres of rotary air blast drilling planned for 2012-13.

A second rig has also started reverse circulation drilling testing a number of high grade gold targets including the Danyawu prospect that has repotted drill intercepts of 9 metres at 22 grams per tonne of gold and 16 metres at 14.7 grams per tonne of gold.

Once the drilling is complete, Castle will be able to estimate a maiden gold resource for this prospect.
Samples for gold analysis are likely to be submitted before year end and first results are expected in January 2013.

Castle Minerals listed on the Australian Stock Exchange in May 2006 and now holds the rights to six mineral projects in Ghana, including Akoko, Antubia, Banso, Bondaye, Opon Mansi and Wa, covering more than 11,000 square kilometres.

Castle aims to explore and develop its six projects in Ghana and the acquire and explore other mineral resource opportunities, especially in West Africa.

 






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