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Castle Peak Mining Announces Encouraging Results From Follow-up Diamond Drilling at Akorade

Investing News Network
Jul. 11, 2012 09:45AM PST
Gold Investing

Castle Peak Mining Ltd. (TSXV:CAP) reported results for initial follow-up diamond drill holes completed at the Akorade Project, with positive values including 10.0 metres of 6.7 grams per tonne gold from hole NKDDH017 and 9.8m of 6.8 g/t Au including 1.0 m of 51.8 g/t Au from hole NKDDH018.

Castle Peak Mining Ltd. (TSXV:CAP) reported results for initial follow-up diamond drill holes completed at the Akorade Project, with positive values including 10.0 metres of 6.7 grams per tonne gold from hole NKDDH017 and 9.8m of 6.8 g/t Au including 1.0 m of 51.8 g/t Au from hole NKDDH018.

As quoted in the press release:

These drill results represent the initial evaluation of the higher grade gold distribution on the Apankrah structure, one of a series of parallel east-north-east (‘ENE’) trending structures across the Nkwanta Concession (see Figure 1 at https://www.castlepeakmining.com/i/pdf/2012-07-11_NR.pdf). Based on these results, drill evaluation for expansion of the known shoot and targeting of new inferred shoots and mineralized structures continues. With a total of 8 holes completed to date, the initial 4 holes of the campaign at Apankrah are reported within this release.

Castle Peak Mining President and CEO Darren Lindsay said:

“These results are a positive starting point for testing the same structural controls in the immediate Apankrah area on the Apankrah, Nana and newly identified parallel structures and provide us confidence to continue follow-up drilling on these targets. The geophysical surveys are also building strong targets that appear to link our higher grade shoot areas; these new targets have the potential to enhance this current area of focus and lead us closer to our goal.”

Click here to read the Castle Peak Mining (TSXV:CAP) press release

See this press release on Marketwire
Click here to see the Castle Peak Mining (TSXV:CAP) profile

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