The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Friday, 22nd May 2009 (838 views)

Castle Gold has released the assay results from a new circulation drill programme on its El Castillo gold property in Mexico's Durango state.

Drilling data from the wholly-owned prospect will be used to consider further exploration, which could lead to an expansion of resources and reserves in the future.

Castle Gold has published results from eight of 19 phase-one drill holes to the south and south-east of the El Castillo open pit mine.

Highlights of the exploration scheme include 109.7m grading 0.7 g/t gold and 65.5m grading 1.02 g/t gold, while all but one of the eight holes intersected gold mineralised intervals from 7.6m to 109.7m.

Thomas Atkins, Castle Gold president and chief executive, said he was "encouraged" by the results, which enhance the firm's confidence that "there may well be potential to expand the open pit resources in the area to the south and south-east of the current El Castillo open pit".

Based in Toronto, Ontario, Castle Gold is a gold producer with a portfolio of projects in the Americas, including the El Castillo gold mine and the El Sastre joint venture in Guatemala.

 

« Back to Gold News stories