- Shares in Redcastle Resources (RC1) are up more than 43 per cent this morning after encountering high-grade gold at its namesake project in WA
- The company completed a 21-hole reverse circulation drilling program designed to step out along strike from the most recent results
- Up to 250g/t gold was intersected and now that results have been received, Redcastle will aim to extend the strike length of the mineralisation
- RC1 is now waiting on results from the recently completed auger program and the auger crew will begin sampling of surface stockpiles and dumps of historical shallow operations
- Shares in Redcastle are up 43.8 per cent and trading at 2.3 cents at 12:01 pm AEST
Shares in Redcastle Resources (RC1) were up more than 43 per cent this morning after encountering high-grade gold at its namesake project in WA.
The company has completed a 21-hole reverse circulation (RC) drilling program designed to step out along strike from the most recent results.
Results include 10 metres at 29.16g/t gold from six metres including one metre at 250g/t gold from 11 metres, and three metres at 26.62g/t gold from 34 metres including one metre at 54.64g/t gold from 35 metres.
Now that results have been received, Redcastle will aim to extend the strike length of the mineralisation and drill additional RC holes to test the extent of the gold mineralisation at other targets.
Redcastle is now waiting on results from the recently completed auger program which are expected shortly.
Additionally, the auger crew will begin systematic sampling of surface stockpiles and dumps of historical shallow mining operations.
Shares in Redcastle were up 43.8 per cent and trading at 2.3 cents at 12:01 pm AEST.