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Tuesday, 15 January 2013
Castle Peak Mining hits 3 metres at 11.6 g/t gold at Apankrah Shoot
Castle Peak Mining (CVE:CAP) has unveiled final results from its follow-up drill programme on the Apankrah target at the Akorade project, which included 5 metres at 8.5 g/t gold and 3m at 11.6 g/t.
The Apankrah Shoot, which is one part of the project in Ghana, has now been intersected with 12 holes, the company said.
The average intercept length was 6.6 metres with an average grade of 5.7 grams per tonne of the precious metal.
The Apankrah structure, open in all directions, is host the to the Apankrah Shoot which has an average strike length of over 100m and is open in all directions.
Castle Peak president and chief executive Darren Lindsay told investors:
"I am pleased with the successful completion of our Apankrah drill program on the Apankrah Shoot target.
"The limited program followed the strong grades down plunge and down dip, and the shoot remains open in all directions.
"The coarse visible gold style of mineralization with lower grade halo shows the expected high grade variability. Our next step is to internally model this target to determine additional potential of the Apankrah and surrounding structures."