- Redcastle Resources (RC1) launches a fresh reverse circulation (RC) drilling program at its namesake gold project in the northern goldfields of Western Australia
- The company plans to drill 43 holes to test deeper and further along strike at the Queen Alexandra prospect and expand the drill coverage at the Redcastle reef
- This marks the third round of RC drilling to be completed at the project over the past six months as the company looks to better understand the gold system in the area
- Redcastle anticipates this phase of drilling to be completed by mid-September, with assays to flow through thereafter
- Redcastle shares close grey at 1.4 cents this afternoon
Redcastle Resources (RC1) has launched a fresh reverse circulation (RC) drilling program at its namesake gold project in the northern goldfields of Western Australia.
The company plans to drill 43 drill holes to test deeper and further along the strike at the Queen Alexandra prospect and to expand the drill coverage at the Redcastle reef to 700 metres along strike.
This marks the third round of RC drilling to be completed at the Redcastle gold project over the past six months as the company looks to understand the gold system in the area.
So far, each drilling program has returned high-grade intercepts, including 29.1 grams of gold per tonne (g/t gold) over ten metres from six metres downhole and three metres at 26.6 g/t gold from 34 metres downhole.
Additionally, the company has completed a broad-spaced auger geochemical soil sampling program at the project, which it said highlighted its untested prospectivity and the potential scale of the mineralisation.
Redcastle said it anticipated this phase of drilling to be completed by mid-September, with assays to flow through thereafter.
Redcastle shares closed grey at 1.4 cents this afternoon.