Castillian files NI 43-101 technical report for updated mineral resource at Hope Brook Gold Project, Newfoundland
Tuesday, Nov 20, 2012Castillian Resources Corp. (TSX VENTURE:CT)(OTCQX:CTIIF) ("Castillian" or the "Company") has filed a National Instrument 43-101 ("NI 43-101") compliant technical report related to its press release issued on October 1, 2012 announcing an updated mineral resource estimate for the Hope Brook Gold Project in southwest Newfoundland.
The independent technical report entitled "Updated Mineral Resource Estimate Technical Report, Hope Brook Gold Project, Newfoundland and Labrador, Canada" (the "Technical Report"), dated October 1, 2012, was prepared for Castillian by AGP Mining Consultants Inc. and Mercator Geological Services Limited. The Technical Report is available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.castillian.ca.
Dr. Bill Pearson, P.Geo., President & CEO of Castillian, commented: "The updated NI 43-101 mineral resource estimate is another important step in further advancing the Hope Brook Gold Project. This updated resource was accomplished with a limited, but highly targeted, drilling program. Our technical understanding of the deposit continues to grow and the mineral resources remain open along strike and downdip. We are proceeding with the Phase I exploration drilling program recommended in the Technical Report. Drilling of 6,000 metres at Hope Brook has already commenced with three drills now operating. This program will test six major target areas over a 3.4 kilometre strike length southwest of the former mine."