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Castle Peak Mining Ltd.
Summary
| Project: | Kunsu | |
|---|---|---|
| Deposit: | Kunsu | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 10/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-10-2019: Castle Peak Mining Ltd. announces a Resource Estimation report for its Kunsu deposit at the Kunsu project. Initial mineral resource estimate for property. Vancouver, British Columbia--(Newsfile Corp. - October 28, 2019) - Castle Peak Mining Lt | |
| Resources: | (Resource, Inf.): 0.540Mt @ 1.53g/t Au | |
| CP/QP: | [Resources]: Prosper Mackenzie Nude (Not stated) | |
| ABSTRACT: | Vancouver, British Columbia--(Newsfile Corp. - October 28, 2019) - Castle Peak Mining Ltd. (TSXV: CAP) ("Castle Peak" or the "Company") hereby provides a news release in respect of the latest corporate developments related to exploration activities conducted on the Kunsu property. The Company is pleased to announce the completion of the follow-up exploration work entailing induced polarization (IP) geophysical survey, trenching and reverse circulation (RC) drilling. These results along with a first resource base determination have been described in the NI 43-101 technical report ("technical report") on the Kunsu PL property dated September 13 th , 2019. The technical report has been authored by Prosper Mackenzie Nude, PhD., MAIG, FSEG. Following the approval of the technical report by the TSX Venture Exchange the Company has filed the technical report with signature date of September 28 th , 2019 on Sedar. Castle Peak's recent exploration work at Kunsu commenced on February 22 nd , 2019 and was completed on July 11 th , 2019. It entailed 5.8 km ground Geophysical IP survey at the NorthGrid Anomaly, followed by 882 meters of trenches excavated on the geophysical defined targets which returned significant Au grade (>100ppb Au) intersections. Due to the satisfactory gold (Au) results from trenches, RC drilling exercise across the delineated mineralized zone was undertaken to test subsurface mineralization across 750m strike. The drilling exercise commenced on June 29 th , 2019 and ended on the July 11 th , 2019. A total of thirteen RC holes entailing 1,420 meters were drilled. The drilling generated a total of 1558 samples including QC samples which were analyzed for Au. | |
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