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Castillian begins 6,000 metre drilling program at its hope brook gold project, Newfoundland

Tuesday, Nov 06, 2012

Castillian Resources Corp. ("Castillian" or the "Company") (TSX VENTURE:CT)(OTCQX:CTIIF) has started drilling on its Hope Brook Gold Project in southwestern Newfoundland. The 6,000 metre drilling program will test six priority target areas over a 3.4 kilometre mineralized trend between the past producing Hope Brook Mine and the Chetwynd South Prospect.

Eighty percent of the planned drilling is outside the current mineral resource of 590,000 ounces indicated (12,367,000 tonnes grading 1.48 g Au/t) and 548,000 ounces inferred (8,251,000 tonnes grading 2.07 g Au/t) with full details outlined in the news release issued by Castillian on October 1, 2012. Figure 1 is a vertical longitudinal section showing the locations of target areas and planned drilling. Figure 2 is a plan map showing the mineralized trends.

Mine Zone to 240 Connector Target

Eight drill holes (3,300 m) will test the potential southwest plunge of mineralization, connecting the Mine Zone and the 240 Zone, a distance along plunge of approximately 600 m. Continuity between these two zones is supported by the presence of a continuous Titan DCIP chargeability high and coincident resistivity low response. Drill hole HB12-081 intersected 5.22 g Au/t over 0.2 m in this area, but is interpreted to have undercut the main IP response (see news release dated June 25, 2012).

Unmined Stope Potential

Two drill holes (500 m) will test for potential broken ore that may remain in the historic 4960-level stope. The presence of unmined ore in this stope is suggested from a review of historic underground mine plans that were generated at the time the Hope Brook mine was closed down.

These holes will test if broken ore was not pulled, and, if successful, will outline the extent and grade of the material in this stope. Results from holes such as HB12-047E (5.47 g Au/t over 38 m), and HB12-080E (0.94 g Au/t over 12 m) that intersected the mine workings, have led to improved confidence in significant areas of un-mined ore remaining in the historic mine (see news releases dated June 5, 2012 and June 25, 2012).

Chetwynd Prospect to 240 Target Trend

One drill hole (400 m) is planned to test for possible continuity of the Chetwynd Prospect and the 240 Zone which are approximately 400 m apart along strike. Continuity of these zones is supported by the presence of two significant high resistivity IP anomalies; one which is coincident with the Chetwynd prospect area and the second approximately 150 m to the south.

Source: Marketwire

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