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Castle Peak Mining Ltd.
Summary
| Project: | Akorade | |
|---|---|---|
| Deposit: | Akorade | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/1/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-11-2016: Castle Peak Mining Ltd. announces an Exploration/Drilling Update report for its Akorade deposit at the Akorade project. Drilling results incl. 20m @ 0.5g/t Au from 0m. Vancouver, B.C., November 1, 2016 – Castle Peak Mining Ltd. (“Castle Peak” o | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Darren Lindsay (Internal) | |
| ABSTRACT: | Vancouver, B.C., November 1, 2016 – Castle Peak Mining Ltd. (“Castle Peak” or the “Company”, TSX.V: CAP), is pleased to announce the results of a limited scout drilling program on two key prospects within the Akorade Project located in the southern Ashanti Belt, Ghana. The results of the scout drilling are summarized below. The scout drilling program consisted of three 100m long reverse circulation drill holes completed on the POW-A1 prospect and three 100m long reverse circulation drill holes completed on the Do_New prospect. In the case of POW-A1 all three holes were drilled on a single fence line with azimuth 330 and dips of -45 degrees. In the case of Do_New a two hole scissor fence was completed drilling into and though the anomalous hill (330 azimuth and 150 azimuth) using -45 dip, with a second hole on azimuth 330, dip -45 stepped out 120m to the west forming an offset three hole fence. Darren Lindsay, President and CEO of Castle Peak, commented; "These results are viewed as very encouraging for such a limited amount of drilling on such large prospective trends. We not only confirmed the POW-A1 auriferous structural trend and extended it to Dompem, through the compilation of historical work and current field work we identified POW-C, another multi-kilometer anomaly inferred to be controlled by structures through sedimentary units. On the other hand Do_New was a little less positive, locating a granitoid intrusive body in the structural corridor between Birimian and Tarkwaian lithologies had us very excited. Good alteration associated with the intrusive rocks so far hasn’t resulted in high gold assay values – we will have to re-evaluate the approach to this prospect as it is on a highly prospective regional structure." | |
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