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Redcastle Resources (ASX:RC1) completes RC drilling at namesake project

ASX News, Mining
ASX:RC1      MCAP $5.581M
16 June 2022 16:40 (AEST)

Redcastle Reef Target. Source: Redcastle Resources

Redcastle Resources (RC1) has successfully completed step-out reverse circulation (RC) drilling at its namesake gold project in Western Australia.

Drilling was designed to test the strike extensions of the high-grade shallow results encountered during its maiden program in May.

Around 20 holes, for 1259 metres, were drilled in this maiden program with intersections including one metre at 24g/t gold from 23 metres and three metres at 8.94g/t gold from 28 metres.

Holes in the step-out drilling program were drilled to an 80-metre depth, however, one was extended by a further 20 metres to better test a target.

A total of 22 RC holes, for 1382 metres, were drilled with minor shallow old workings intersected.

Samples have been sent to the laboratory for analysis with results expected in due course.

Shares in Redcastle were steady on market close and trading at 1.4 cents.

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