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Castle Minerals (ASX:CDT) has announced its commencement of gold drilling on-site the Kpali project in Ghana.
The 1,000m RC drill run reflects phase one of a larger 3,500m campaign sniffing out multiple target areas of interest.
Previous intercepts include grades up to 3.23g/t gold from depths less than 10m.
The Kpali project lies within a larger 2,686sq.km landholding hosting “several additional gold prospects.” It is located over the Birimian terrane which Castle describes as hosting world-class deposits.
The company pointed to higher gold prices as an incentive to recommence activities.
“Our immediate aim is to demonstrate that Kpali could be an indicator of a new West African mining camp with initial Castle RC drilling providing a great start to doing that,” Castle EC Stephen Stone said.
CDT last traded at 0.4cps.
