- Redcastle Resources (RC1) reports reverse circulation (RC) drilling at its Redcastle gold project in WA is almost complete
- The program faced delays earlier this month but is expected to be finished by the end of this week, with just eight holes left to complete
- This drilling aims to test the Queen Alexandra prospect and expand drill coverage at Redcastle Reef to roughly 700 metres along-strike
- RC1 shares are trading grey at 1.5 cents at 12:31 pm AEST
Redcastle Resources’ (RC1) drilling program at its namesake gold project in WA is nearing completion.
Despite facing delays due to rainfall earlier this month, the reverse circulation (RC) drilling effort is now progressing well, with just eight out of 43 holes still to be completed.
The program is designed to test deeper and further along the strike length at the Queen Alexandra prospect and to expand the drill coverage at Redcastle Reef to around 700 metres along-strike.
Redcastle said drilling so far had encountered target lithologies and had shown evidence of a mineralised porphyry-intrusion at Queen Alexandra. Drilling has also shown the presence of ferruginous quartz veining within the Redcastle Reef.
Previous drill results from earlier in the program include 10 metres at 29.16 grams per tonne (g/t) gold from six metres and three metres at 26.62 g/t gold from 34 metres.
The company said it expected the program to be complete by the end of the week, with samples to be sent to a lab in Kalgoorlie early next week.
RC1 shares were trading grey at 1.5 cents at 12:31 pm AEST.