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Wednesday, 14 November 2012
Castle Peak Mining starts 1,100m follow-up programme on Apankrah target
Castle Peak Mining (CVE:CAP) says it's very excited to be working towards further defining its high grade discovery at Apankrah at the Akorade project in Ghana - as it kicked off a follow up drill programme on the target.
There will be four to five holes, with the first two targeting down dip and down plunge of a hole, which hit 80 grams per tonne gold across the 6.0m mineralised zone within a 17m intersection of lower grade gold mineralisation.
President and chief executive Darren Lindsay said: "We are very excited to be working towards the further definition of a significant high grade discovery at Apankrah.
"Given its close proximity to several low grade producers, the Apankrah target may be the anchor point we have been looking for to begin our resource growth."
Last month, the company unveiled strong gold grades from its final drill results from Apankrah.
The company said drilling at the Apankrah shoot intersected 19 metres of 1.5 grams per tonne (g/t) of gold, including 6 m of 3.2 g/t.
The Apankrah target lies on the Ashanti gold belt around 15km west of the Mpohor deposits (Golden Star Resources (TSE:GSC)), 30km east of the Nzema Mine (Endeavour Mining Corp.(TSE:EDV)) and 25km south of the Iduapriem Mine (AngloGold-Ashanti (NYSE:AU).