only | February 2, 2022 | |
ASX Announcement | ||
COPPER AT ROVER 4 ADDS TO PLANS AT ROVER 1 |
Castile Resources Limited (ASX:CST) ("Castile" or "the Company") is pleased to advise that it has completed due diligence n the Rover 4 Prospect approximately 2.5 km north of Rover 1. Castile acquired the tenure outright prior to its demerger from Westgold in August 2019 from Andromeda Metals Ltd (previously Adelaide Resources Limited). Most of the previous work was completed by Adelaide Resources Limited in the early 2000's with drill results announced to the ASX at various times. A total of 48 diamond holes have been drilled at Rover 4 (see "Rover 4 - Historic Copper Intercepts" page 4 of this announcement) and this data has been reviewed and assessed to allow Castile to report it according to JORC 2012 tandards of disclosure. The drilling has returned a number of thick copper intercepts with potential to become a
ignificant additional pod of ore accessible by the planned decline for Rover 1.
Significant intercepts from Rover 4 include: | |||
use | Hole R4ARD28 21m @ | 2.37% Cu, 0.87g/t Au and 0.01% Co from 378m (est. True Width of 18m). | |
personalFor | Hole R4ARD52 28m @ | 1.61% Cu, 0.40 g/t Au and 0.01% Co from 221m (est. True Width of 25m). | |
Hole R4ARD40 21m @ | 1.83% Cu, 1.25g/t Au and 0.01% Co from 212m (est. True Width of 18m). | ||
Hole R4ARD21 23m @ | 1.65% Cu, 0.08g/t Au and 0.02% Co from 306m (est. True Width of 19m). | ||
Hole R4ARD10 17m | @ | 1.89% Cu, 0.15g/t Au and 0.01% Co from 220m (est. True Width of 17m). | |
Hole R4ARD27 17m | @ | 1.78% Cu, 0.03g/t Au and 0.06% Co from 309m (est. True Width of 13m). | |
Other holes of interest include: | |||
Hole R4ARD63 5m @ 3.90% Cu and 0.50g/t Au inc 1m @ 7.55% Cu and 1.52g/t Au from 314m | |||
Hole R4ARD20 11m | @ | 1.40% Cu and 0.90g/t Au inc 1m @ 6.30% Cu and 0.07g/t Au from 226m |
Figure 1 : Oblique View of Rover 4 Facing North East
only | February 2, 2022 |
ASX Announcement |
The oblique sectional view of Rover 4 attached above shows the Rover 4 prospect is another IOCG type deposit manifesting as a strong magnetic anomaly under the cover of the West Wiso basin rocks. It depicts both the ironstone a d copper intercepts within it suggesting that compared to Rover 1 the mineralisation is shallow and is expected to pr ject to the un-conforming West Wiso basin rock contact.
The shallowest copper intercept begins at 135m vertical depth (149m downhole) in Hole R4ARD042 and sits within metres of the planned access decline to the Rover 1 deposit. The deepest mineralisation is around 350m vertical depth and the
useironstones alteration appears open down plunge.
Coincidentally the iron stone appears to plunge to the south-east and the strong zones of IOCG ore dip at approximately 15 degrees which coincidentally is similar to the gradient of the planned decline access to the Rover 1 orebody.
personalFor
onlyMark Hepburn, Managing Director of Castile, commented:
ASX AnnouncementFebruary 2, 2022
"The review work completed at the Rover 4 prospect provides another opportunity for expansions to the Rover 1 mining strategy. Whilst there have been 48 holes already completed at Rover 4, we will still require some additional drilling before we can produce a resource and reserve estimate. We have now completed the required infill drilling at Rover 1 and
usecommenced design and evaluation studies. The proximity of Rover 4 to the planned decline and infrastructure for Rover 1 will further enhance the economics in our studies."
Mark Hepburn Managing Director Castile Resources Limited
personalFor further information please contact: info@castile.com.au
Phone: +61 89488 4480
Castile Resources Limited
7/189 St Georges Terrace Perth, WA, 6000
This announcement was approved for release by Castile's Managing Director, Mark Hepburn
Competent Person Statement
The exploration results contained in this report are based on, and fairly and accurately represent the information and supporting documentation prepared by Mark Savage. Mr Savage is a full-time employee of Castile, and a Member of The Australasian Institute of Mining and Metallurgy. Mr Savage has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent P rson as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves. Mr Savage consents to the inclusion in the report of the matters based on the ex loration results in the form and context in which they appear.
Forward Looking Statements
ForCe tain statements in this report relate to the future, including forward looking statements relating to Castile's financial p sition and strategy. These forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance, or achievements of Castile to be materially different from future results, performance or achievements expressed or implied by such statements
Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement and deviations are both normal and to be expected. Other than required by law, neither Castile, their officers nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will occur. You are cautioned not to place undue reliance on those statements.
only | February 2, 2022 | ||||||||||||||||||
ASX Announcement | |||||||||||||||||||
ROVER 4 - HISTORIC SIGNIFICANT COPPER INTERCEPTS | |||||||||||||||||||
hole_id | MGA_E | MGA_N | RL | EOH | MGA_Azi | Dip | depth_from | depth_to | Cu%_Ave SigInt | ||||||||||
R4ARD05 | 360328.3 | 7789846 | 294.075 | 483.9 | 360 | -60 | 281 | 282 | 11m @ 0.55% Cu and 0.03g/t Au from 281m downhole | ||||||||||
R4ARD05 | 360328.3 | 7789846 | 294.075 | 483.9 | 360 | -60 | 309 | 310 | 3m | @ 1.2% Cu and 0.02g/t Au from 309m downhole | |||||||||
R4ARD06 | 360330 | 7789693 | 295 | 483.9 | 360 | -64 | 338 | 339 | 5m | @ 0.75% Cu and 0.69g/t Au from 338m downhole | |||||||||
R4ARD10 | 360488.5 | 7789810 | 294.088 | 348 | 360 | -90 | 220 | 221 | 17m @ 1.89% Cu and 0.15g/t Au from 220m downhole | ||||||||||
use | 360488.5 | 7789810 | 294.088 | 348 | 360 | -90 | 225 | 226 | 5m | @ 3.29% Cu and 0.21g/t Au from 225m downhole | |||||||||
R4ARD10 | |||||||||||||||||||
R4ARD11 | 360489.3 | 7789733 | 294.055 | 306.19 | 360 | -90 | NSR | ||||||||||||
R4ARD13 | 360487.5 | 7789884 | 294.154 | 195.73 | 360 | -90 | NSR | ||||||||||||
R4ARD14 | 360490 | 7789850 | 295 | 331.33 | 360 | -90 | 195 | 196 | 3m | @ 1.42% Cu and 0.04g/t Au from 195m downhole | |||||||||
R4ARD14 | 360490 | 7789850 | 295 | 331.33 | 360 | -90 | 267 | 268 | 3m | @ 0.63% Cu and 13.4g/t Au from 267m downhole | |||||||||
R4ARD15 | 360449 | 7789950 | 293.992 | 391.84 | 180 | -60 | 333 | 334 | 2m | @ 0.65% Cu and 3.37g/t Au from 333m downhole | |||||||||
R4ARD15 | 360449 | 7789950 | 293.992 | 391.84 | 180 | -60 | 379 | 380 | 2m | @ 0.51% Cu and 3.8g/t Au from 379m downhole | |||||||||
personalr | 360449.6 | 7790061 | 293.917 | 443.41 | 175 | -67 | NSR | ||||||||||||
R4ARD16 | |||||||||||||||||||
R4ARD20 | 360586.1 | 7789954 | 293.943 | 426.35 | 176 | -62 | 219 | 220 | 2m | @ 0.72% Cu and 0.03g/t Au from 219m downhole | |||||||||
R4ARD20 | 360586.1 | 7789954 | 293.943 | 426.35 | 176 | -62 | 226 | 227 | 11m @ 1.4% Cu and 0.94g/t Au from 226m downhole | ||||||||||
R4ARD20 | 360586.1 | 7789954 | 293.943 | 426.35 | 176 | -62 | 242 | 243 | 2m | @ 0.62% Cu and 0.3g/t Au from 242m downhole | |||||||||
R4ARD20 | 360586.1 | 7789954 | 293.943 | 426.35 | 176 | -62 | 257 | 258 | 2m | @ 0.56% Cu and 1.55g/t Au from 257m downhole | |||||||||
R4ARD20 | 360586.1 | 7789954 | 293.943 | 426.35 | 176 | -62 | 311 | 312 | 2m | @ 1.03% Cu and 3.35g/t Au from 311m downhole | |||||||||
R4ARD20 | 360586.1 | 7789954 | 293.943 | 426.35 | 176 | -62 | 320 | 321 | 2m | @ 0.68% Cu and 0.17g/t Au from 320m downhole | |||||||||
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 306 | 307 | 23m @ 1.65% Cu and 0.08g/t Au from 306m downhole | ||||||||||
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 309 | 310 | 6m | @ 2.76% Cu and 0.11g/t Au from 309m downhole | |||||||||
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 333 | 334 | 2m | @ 0.69% Cu and 0.02g/t Au from 333m downhole | |||||||||
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 339 | 340 | 13m @ 1.22% Cu and 0.32g/t Au from 339m downhole |
only | February 2, 2022 | ||||||||||
ASX Announcement | |||||||||||
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 349 | 350 | 3m | @ 2.7% Cu and 0.48g/t Au from 349m downhole | |
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 364 | 365 | 2m | @ 0.75% Cu and 0.19g/t Au from 364m downhole | |
R4ARD21 | 360299.8 | 7790156 | 294.042 | 441.24 | 173 | -61 | 370 | 371 | 16m @ 0.65% Cu and 0.18g/t Au from 370m downhole | ||
R4ARD24 | 360298.4 | 7789744 | 294.081 | 548.57 | 355 | -62 | 287 | 288 | 3m | @ 0.87% Cu and 0.02g/t Au from 287m downhole | |
R4ARD24 | 360298.4 | 7789744 | 294.081 | 548.57 | 355 | -62 | 295 | 296 | 9m | @ 1.71% Cu and 0.02g/t Au from 295m downhole | |
R4ARD24 | 360298.4 | 7789744 | 294.081 | 548.57 | 355 | -62 | 309 | 310 | 12m @ 0.8% Cu and 0.08g/t Au from 309m downhole | ||
use | 360298.4 | 7789744 | 294.081 | 548.57 | 355 | -62 | 377 | 378 | 2m | @ 2.01% Cu and 0.12g/t Au from 377m downhole | |
R4ARD24 | |||||||||||
R4ARD25-1 | 360299.1 | 7790171 | 294.044 | 308 | 176 | -64 | 303 | 304 | 3m | @ 3.28% Cu and 0.2g/t Au from 303m downhole | |
R4ARD25-1 | 360299.1 | 7790171 | 294.044 | 308 | 176 | -64 | 320 | 321 | 4m | @ 0.63% Cu and 0.02g/t Au from 320m downhole | |
R4ARD25-1 | 360299.1 | 7790171 | 294.044 | 308 | 176 | -64 | 328 | 329 | 2m | @ 1.15% Cu and 0.03g/t Au from 328m downhole | |
R4ARD25-1 | 360299.1 | 7790171 | 294.044 | 308 | 176 | -64 | 393 | 394 | 2m | @ 1.01% Cu and 0.65g/t Au from 393m downhole | |
R4ARD26 | 360299 | 7790172 | 294.078 | 462.2 | 176 | -65 | 334 | 335 | 2m | @ 0.53% Cu and 0.01g/t Au from 334m downhole | |
R4ARD26 | 360299 | 7790172 | 294.078 | 462.2 | 176 | -65 | 396 | 397 | 7m | @ 0.64% Cu and 0.02g/t Au from 396m downhole | |
personalr | 360300.3 | 7790142 | 293.984 | 447.34 | 176 | -61.5 | 309 | 310 | 17m @ 1.78% Cu and 0.03g/t Au from 309m downhole | ||
R4ARD27 | |||||||||||
R4ARD27 | 360300.3 | 7790142 | 293.984 | 447.34 | 176 | -61.5 | 317 | 318 | 5m | @ 3.44% Cu and 0.03g/t Au from 317m downhole | |
R4ARD27 | 360300.3 | 7790142 | 293.984 | 447.34 | 176 | -61.5 | 335 | 336 | 2m | @ 0.49% Cu and 0.01g/t Au from 335m downhole | |
R4ARD27 | 360300.3 | 7790142 | 293.984 | 447.34 | 176 | -61.5 | 349 | 350 | 2m | @ 1.19% Cu and 0.06g/t Au from 349m downhole | |
R4ARD27 | 360300.3 | 7790142 | 293.984 | 447.34 | 176 | -61.5 | 356 | 357 | 8m | @ 0.9% Cu and 0.17g/t Au from 356m downhole | |
R4ARD27 | 360300.3 | 7790142 | 293.984 | 447.34 | 176 | -61.5 | 368 | 369 | 6m | @ 0.87% Cu and 0.16g/t Au from 368m downhole | |
R4ARD28 | 360260.2 | 7790158 | 294.023 | 474.07 | 176 | -64 | 314 | 315 | 7m | @ 0.56% Cu and 0.01g/t Au from 314m downhole | |
R4ARD28 | 360260.2 | 7790158 | 294.023 | 474.07 | 176 | -64 | 333 | 334 | 17m @ 1.44% Cu and 0.35g/t Au from 333m downhole | ||
R4ARD28 | 360260.2 | 7790158 | 294.023 | 474.07 | 176 | -64 | 339 | 340 | 3m | @ 2.67% Cu and 0.53g/t Au from 339m downhole | |
R4ARD28 | 360260.2 | 7790158 | 294.023 | 474.07 | 176 | -64 | 353 | 354 | 7m | @ 0.92% Cu and 0.1g/t Au from 353m downhole | |
R4ARD28 | 360260.2 | 7790158 | 294.023 | 474.07 | 176 | -64 | 378 | 379 | 21m @ 2.37% Cu and 0.87g/t Au from 378m downhole |
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Castile Resources Ltd. published this content on 01 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 February 2022 22:58:06 UTC.