- Castille Resources (CST) has discovered high-grade zinc and lead during drilling at its Explorer 108 project in the Northern Territory
- The materials stock drilled one hole testing the existing resource at Explorer 108, which totals 11.8 million tonnes of zinc, lead, silver and copper
- Drilling intersected a massive 145 metre mineralised interval, with high-grades such as 12.6 per cent zinc, 3.4 per cent lead and 57.8 grams per tonne (g/t) silver
- CST has labelled the results as great and indicated Explorer 108 will be the centerpiece of its 2022 drilling program in the NT
- Following today’s results, shares in Castille Resources were up 2.63 per cent at 19.5 cents each
Castille Resources (CST) has discovered high-grade zinc and lead during drilling at its Explorer 108 project.
Explorer 108 is located around 40 kilometres west of CST’s Rover 1 project near Tennant Creek in the Northern Territory.
The materials stock recently drilled one hole testing the existing resource at Explorer 108, which totals 11.8 million tonnes (Mt) at 3.2 per cent zinc, 2 per cent lead, 11.1 grams per tonne (g/t) silver and 5.7Mt at 0.36 per cent copper.
Drilling intersected a massive 145 metre mineralised interval, with high grades such as 12.6 per cent zinc, 3.4 per cent lead, 57.8 grams per tonne (g/t) silver and 0.1 per cent copper.
Castile Managing Director Mark Hepburn said he was very pleased with the results and further drilling will be carried out at the asset next year.
“It goes without saying that there are very few projects where a company can produce a massive 145m zinc and lead intersection from their maiden hole into the target,” he said.
“This great result expands the footprint of the Explorer 108 mineralisation and has reinforced Castile’s view that the Explorer 108 area should be the centerpiece of the 2022 drilling campaign.
“Additionally, Explorer 108 is the obvious target of the next pre-development study in Castile’s ‘hub and spoke’ strategy that includes a centralised processing area at Rover 1 within easy trucking distance of all the other nearby prospective tenements within the Rover Mineral Field.”
Following today’s results, shares in Castille Resources were up 2.63 per cent at 19.5 cents each at 11:45 am AEDT.