Castillian Resources Corp CT:CA announced results from its Hope Brook Gold Project in Newfoundland. Assays include 1.08 g/t gold 69.1 metres (including 3.17 g/t over 9.9 metres), 1.07 g/t over 48.9 metres (including 3.56 g/t over 5.9 metres).
President/CEO Bill Pearson said, “These results confirm the excellent potential of our major target areas both near surface and for extensions of the zone previously mined from underground. The Hope Brook Mine closed during a period of very low gold prices, well before the deposit was completely mined out. We believe we are in a fortunate situation where we can extend the known mineralization from the unmined parts of the Hope Brook deposit and build toward a NI 43-101 resource estimate later this year. Significantly, many of the deeper historic drill holes appear to have been too short to fully test the target zone. In view of these results, Castillian will be expanding the drill program by an additional 10,000 metres and will be adding a second mobile drill to delineate the near surface target zone which to date extends more than 500 metres southwest of the past producing open pit. The drill, currently on site, will focus on expanding the Hope Brook Deposit Mine Zone southwest and below the mine workings, as well as further testing the new hanging wall zone.”
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by Ted Niles