Castle confirms Akoko potential

27 February 2008 | 05:21 Code : 16869 Geoscience events
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Further significant drill intercepts from Castle Minerals’ Akoko Project in southwest...

  Further significant drill intercepts from Castle Minerals’ Akoko Project in southwest Ghana have highlighted the potential for a gold resource to be defined.Results from the latest phase of drilling include 35m @ 1.52 g/t gold from 5m, 9m @ 14.9 g/t gold from 59m, 7m @ 4.03 g/t gold from 47m, 2m @ 12.1 g/t gold from 33m, and 16m @ 1.49 g/t gold from surface.These results support the previously reported intercept of 52m @ 1.16g/t gold from surface and have outlined an open ended zone of near surface gold mineralisation over a strike length of at least 1,100m. The mineralisation at Akoko is associated with strongly pyritic basalt, zones of extensive quartz veining and felsic porphyries. Castle said the exact controls on the mineralisation are not well understood and further drilling will be required to confirm the geometry and style of mineralisation. Current interpretation suggests that several mineralised zones occur at the project within a mineralised corridor up to 200m wide, and Castle is sourcing a drill rig to undertake further drilling as soon as possible.Castle said drilling to date has also returned some very wide, low-grade primary intercepts from altered mafic rocks, such as 72m @ 0.27 g/t gold and 40m @ 0.27g/t gold, that appear to represent wide alteration zones indicative of a major mineralising event. According to Castle, these zones are extensive and may be proximal to significant mineralisation. The company is also planning further drilling to test this concept. The Akoko project is 100% owned by Castle Minerals and is located in Ghana’s Ashanti gold belt, 8km east of Adamus Resources 1.63Moz Southern Ashanti Gold Project.

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