Redcastle obtains positive diamond drilling results in Eastern Goldfields

• Diamond drilling strengthens Redcastle Reef, Queen Alexandra deposits.
• High-grade intervals drilled in initial holes.
• Stacked, multi-lode shear-hosted gold system identified.
• Interpreted lodes extend beneath and beyond current 2025 MRE conceptual pit.

Redcastle Resources (ASX:RC1) has obtained promising assay results from a recently completed five-hole diamond drilling program at the Redcastle Reef and Queen Alexandra gold deposits in the Eastern Goldfields.

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The program was completed by BML Ventures on behalf of the Redcastle–BML Joint Venture and was designed to confirm geological and structural confidence within Redcastle’s principal near-term development areas.

The program followed recent mining development and closure proposal (MDCP) approval, completion of RR grade-control drilling and recent QA infill drilling and is intended to provide additional core-based geological and structural information to support mine planning, ore delineation and operational execution across the RR-QA development area.

“This diamond core program reinforces our confidence in the RR–QA short-term development pathway,” Chairman Dr Ray Shaw said.

“The core intersections of the Kestrel and Hawk Lodes at QA have already verified RC1’s original pre-drill interpretation. Ongoing interpretation is expected to provide better insights into the geological controls on mineralisation, insights will inform further refinement of mine planning and scheduling.

“Within the context of the BML JV and the company’s capital-light structure, we are now seeing the key elements — geology, approvals and development — coalescing toward the reality of near-term mining.”

The program was designed to provide fresh core information that complements the completed RR grade-control dataset and recent QA drilling.

Dr Shaw said diamond core logging has provided direct geological observations that improve understanding of mineralisation controls, alteration patterns and mineralised/waste boundary characteristics, supporting ore delineation, planned selective mining, ore spotting and future grade-control planning within the Redcastle–BML joint venture.

RC1 is steady at 16.5¢. Mkt cap $19.80M.

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