Join our daily newsletter At The Bell to receive exclusive market insights
- Redcastle Resources (RC1) will commence its 1200-metre reverse circulation drilling program next month at its flagship Redcastle project in WA
- The aim of the drilling program is to validate and confirm historical drilling including the underground workings in the area as well as collect geotechnical data
- It is also wanting to confirm the geology, orientation and continuity of the known gold mineralisation
- Redcastle also plans to undertake an auger sampling program to fully test the entire project area, not just the area mined in the past
- Shares closed 15.8 per cent higher today 2.2 cents each
Redcastle Resources (RC1) will commence its 1200-metre reverse circulation (RC) drilling program next month at its flagship Redcastle project near Leonora, Western Australia.
The aim of the drilling program is to validate and confirm historical drilling including the underground workings in the area as well as collect geotechnical data.
Drilling will also aim to confirm the geology, orientation and continuity of the known gold mineralisation.
The company proposes to drill 18 holes, for 1275 metres, at 60 degrees towards north.
Redcastle has been working to digitise historical drill records with 80 per cent of all logs now entered into the database.
Historical surface soil sampling has been completely digitised with values up to 14.9 grams per tonne (g/t) gold found.
In addition to drilling, an auger sampling program will take place to fully test the entire project area, not just the area mined in the past. The holes will be on a 200-metre by 50-metre pattern, with holes drilled to locate calcareous soil horizon.
Historical geological mapping and detailed magnetics interpretation is also being digitised.
Historical mine dump sampling data has been compiled with the best results 7.4g/t of gold.
Shares closed 15.8 per cent higher today 2.2 cents each.
