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Castle Peak Mining Reports Estimate of 76,000 Ounces @ 8.6 g/t Gold for Akorade Project
Castle Peak Mining Ltd. (TSXV:CAP) announced a preliminary mineral resource estimate for the Akorade Project in the southern Ashanti belt, including 76,000 ounces @ 8.6 g/t gold.
Castle Peak Mining Ltd. (TSXV:CAP) announced a preliminary mineral resource estimate for the Akorade Project in the southern Ashanti belt, including 76,000 ounces @ 8.6 g/t gold.
As quoted in the press release:
The Company has identified two other structural targets in the area, both of which require drill testing: (1) an induced polarization anomaly (‘IP Structure’) anomaly lying ~250 metres to the south of the Apankrah structure, which mimics the geophysical characteristics of the Apankrah Shoot, and (2) an artisanal mining operation running along an east-north-east trending structure found approximately 700m to the north of the Nana structure. These targets remain a top priority for further exploration designed to expand the newly defined high grade mineral resource base.
Castle Peak’s President and CEO, Darren Lindsay, said:
This is one of only a handful of high grade projects in West Africa, and one of only a few in Ghana.” He adds, “This is a major milestone for Castle Peak shareholders, and I look forward to further drill evaluation of these additional structural targets to increase our mineral resource base. The high grade nature of this deposit will play a key role in assessing the preliminary economics in an area that is currently known for larger, lower grade mineral resource development and mining.
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