posted in:

Castillian intersects 2.14 g Au/t and 0.45% Cu over 29.6 metres at Hope Brook, Newfoundland

Wednesday, Dec 12, 2012

Castillian Resources Corp. (TSX VENTURE:CT)(OTCQX:CTIIF) ("Castillian" or the "Company") has completed 3,833 meters of drilling in 12 holes at four of the six major target areas of the 6,000 metre diamond drilling program at its Hope Brook Gold Project in southwestern Newfoundland.

Drilling has progressed rapidly with four rigs now operating along a 3.4-kilometre long mineralized trend between the past-producing Hope Brook Mine southwest to the Chetwynd South Prospect (see press release dated November 5, 2012). All twelve drill holes completed to date have intersected the silicified mineralized zones as targeted from our geological and geophysical data. Currently holes are in progress on the Chetwynd, Connector Zone and NW target areas. Figure 1 shows the locations of the target areas and drill hole pierce points. Table 1 lists significant assay results. Assays have been received for the first four drill holes completed (HB12-091 to -094).

Dr. Bill Pearson, P.Geo., President and CEO of Castillian, commented: "We are on schedule to complete the planned 6,000m drill program before Christmas. This program is designed to open up major new target areas for future resource definition. I am very encouraged by the results to date. We have confirmed that the major silicified mineralized zones extend for at least 3.4km along strike and are open along strike and downdip. Drilling in progress is focussing on identifying areas with higher grade gold within these extensive alteration zones particularly in the Connector zone."

Source: Marketwire

posted in:

Other Metal News

Duluth Metals announces SEDAR filing of updated AMEC resource study on Twin Metals 15-04-2014
Comstock Mining provides update 11-04-2014
Sesa Sterlite Limited announces production release for the fourth quarter and full year ended 31 march 2014 11-04-2014
Goldcorp Holds Investor Day announces first quarter 2014 gold production 11-04-2014
Perseus Mining Limited provide Edikan Gold Mine update 11-04-2014
Rare Earth Metals market worth 192,000 tons by 2018 11-04-2014
Red Eagle Mining completes $5,000,000 financing 11-04-2014
Copper Mountain mine achieved record first quarter copper production 11-04-2014
IAMGOLD provides update on advanced exploration projects maiden resource estimate - Pitangui project, Brazil diamond drilling results - Boto Gold proj 11-04-2014
Sierra Mining Limited announces results of first court hearing 11-04-2014