- Redcastle Resources (RC1) reports assay results from a recent 41-hole drilling program at its namesake project in Western Australia
- Reverse circulation (RC) drilling returned a high-grade result of two metres at 7.79 grams per tonne (g/t) gold from 115 metres, including one metre at 14.81 g/t gold
- The company has now tested the Redcastle Reef target over 700 metres of strike and the Queen Alexandra target for 200 metres, which remains open in all directions
- Looking ahead, the junior explorer will further analyse the Redcastle Reef mineralisation and conduct infill auger sampling to better define targets ahead of RC drilling next year
- RC1 shares are down 15.38 per cent to trade at 1.1 cents at 12:20 pm AEDT
Redcastle Resources (RC1) has reported “high-grade” results from a recently-completed drilling program at its flagship Redcastle gold project near Leonora, Western Australia.
The reverse circulation (RC) program included 41 holes for 2774 metres and aimed to step out along strike from the most recent results.
Highlighted results include a high-grade intercept of two metres at 7.79 grams per tonne (g/t) gold from 115 metres, including one metre at 14.81 g/t gold.
Additional assays include seven metres at 3.97 g/t gold from six metres, including one metre at 10.8 g/t gold from nine metres, and 16 metres at 1.19 g/t gold from four metres.
This follows mid-year drilling at Redcastle’s namesake project, which returned high grades of 10 metres at 29.16 g/t gold from six metres including one metre at 250 g/t gold from 11 metres.
Redcastle Reef has now been tested over a strike length of 700 metres, and the Queen Alexandra target has been tested over approximately 200 metres, with the deepest hole now at 150 metres. This target remains open in all directions.
The company said the Redcastle Reef mineralisation was “somewhat more complicated structurally” compared to Queen Alexandra, and it would conduct a more detailed analysis of the data before planning its next phase of drilling.
Redcastle plans to continue exploration activities to extend the strike length of the near-surface mineralisation and to complete further RC holes to test the extent of gold mineralisation at other targets.
The company is also about to begin infill auger sampling to better define the surface targets before it undertakes a “significant” RC drilling program early next year.
RC1 shares were down 15.38 per cent to trade at 1.1 cents at 12:20 pm AEDT.