Castle Resources Continues to Intersect High-Grade Copper Across a 1.2 km Strike Length at the Granduc Copper Project
November 10 2011 - 6:00AM
Marketwired
Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Company")
is pleased to announce its fourth positive set of drill core assay
results from its recently completed 30,000 meter surface
exploration program at the Granduc Copper Project located near
Stewart, B.C.
"These new assay results continue to demonstrate the continuity
of high-grade copper mineralization along a kilometer+ strike at
the Granduc," stated Mr. Mike Sylvestre, President & CEO of
Castle Resources. "Not only are these impressive results adding
value to a growing database of assays that confirm copper
mineralization extends 600 meters to the south of the historic mine
workings, but also they are clearly demonstrating that there is a
strong possibility of discovering significant additional resources
downdip."
Highlights:
----------------------------------------------------------------------------
Start End Width % Au Ag %
Hole (m) (m) (m) Cu (g/t) (g/t) Fe
----------------------------------------------------------------------------
GD11-33 345 360 15 1.91 0.23 21.15 11.58
inc 355 360 5 2.42 0.22 24.66 10.32
----------------------------------------------------------------------------
GD11-31 359.95 371.92 11.97 1.82 0.18 13.44 20.93
inc. 365 370.9 5.9 2.85 0.15 13.29 16.85
----------------------------------------------------------------------------
GD11-39 416 434 18 1.58 0.20 12.97 25.97
----------------------------------------------------------------------------
Castle has now completed a 60+ hole expansion drilling program
with a focus on testing potential down dip zones identified by SRK
Consulting as 'Exploration Potential' and targeting potential
non-compliant NI 43-101 historic copper resources down to sea level
(see SEDAR July 4, 2010). In addition, a large percentage of this
year's drilling was focused on defining the potential copper
mineralization in the South Zone. As previously press released,
drill core assays results clearly show high grade mineralization
extending over 600 meters on strike and south of the Main Zone (see
press release dated July 27, 2011) as well as 600 meters down dip
to sea level (see press release dated Sept 8, 2011). It is
increasingly evident that Granduc mineralization remains open at
depth beneath sea level and open along strike to the south, beyond
Castle's most southern step-out hole.
Granduc Drilling Results - 2011 Surface Program
Complete Assays for GD11-007, GD11-013, GD11-015, GD11-019, GD11-030, GD11-
031, GD11-033, GD11-039
Note: all widths are downhole thickness, core intersection thicknesses may
not represent true thickness
----------------------------------------------------------------------------
Start End Width % Au Ag %
Hole (m) (m) (m) Cu (g/t) (g/t) Fe
----------------------------------------------------------------------------
Complete Assays
GD11-07 233.25 241.25 8 1.21 0.14 6.75 20.45
inc. 233.25 237.25 4 1.96 0.22 9.90 23.35
----------------------------------------------------------------------------
Complete Assays
GD11-13 403.15 416 12.85 0.75 0.16 7.86 12.14
486.25 489.7 3.45 1.86 0.29 14.04 89.04
----------------------------------------------------------------------------
Complete Assays
GD11-15 486 495 9 0.64 0.09 3.57 8.66
and 524 533 9 0.72 0.10 14.73 16.27
----------------------------------------------------------------------------
Complete Assays
GD11-019 267 273 6 0.95 0.11 8.68 9.02
283 289 6 0.77 0.07 4.17 6.97
----------------------------------------------------------------------------
Complete Assays
GD11-30 82 91 9 1.60 0.19 8.67 13.84
and 107 119 12 1.09 0.17 3.70 10.90
----------------------------------------------------------------------------
Complete Assays
GD11-031 328 336 8 0.79 0.10 6.93 9.46
and 359.95 371.92 11.97 1.82 0.18 13.44 20.93
inc. 365 370.9 5.9 2.85 0.15 13.29 16.85
and 410.4 420.88 10.48 1.94 0.26 13.65 9.56
----------------------------------------------------------------------------
Complete Assays
GD11-33 251 256 5 1.38 0.17 5.44 12.66
and 286 304 18 0.79 0.09 8.02 20.29
and 318 330 12 0.75 0.12 8.10 29.20
and 345 360 15 1.91 0.23 21.15 11.58
inc. 355 360 5 2.42 0.22 24.66 10.32
----------------------------------------------------------------------------
Complete Assays
GD11-39 364 376 12 1.01 0.11 9.72 12.70
and 416 434 18 1.58 0.20 12.97 25.97
inc. 421 426 5 2.86 0.34 16.10 24.61
and 450 455 5 1.45 0.14 6.24 10.82
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Brad Leonard, P. Geo., Castle's Exploration Manager, is the
Qualified Person responsible for the scientific and technical work
(as defined under National Instrument 43-101) discussed in this
press release, and has reviewed this press release. Castle
implemented a QA/QC protocol for its exploration and diamond
drilling program on the Granduc in 2010 and continued the same
protocol for the 2011.
QA/QC Protocol
Castle Resources implemented a QA/QC protocol for all its
exploration and diamond drilling program on the Granduc. The
drilling contractor was Morecore Drilling Services and core
diameter was a combination of NQ and thin wall NQ, enabling the
possibility for at least two step-downs if ground conditions should
require it. All drill hole locations were spotted using a hand-held
Garmin GPS receiver with a 2m to 6m accuracy. Following drill hole
completion, all drill hole collar locations were surveyed and
reported by a certified BC land surveyor. Core was delivered to the
secure Core Shack facility located on the property. In addition to
recovery and RQD (Rock Quality Designation) data, geologic
parameters including lithology, alteration, presence and
identification of sulphide mineralization along with other geologic
parameters are noted and recorded. Core was marked in one meter
intervals for splitting, sampling and assaying, unless geologic
data indicate a shorter sample interval. Prior to splitting, all
core was photographed. Core splitting was done with a diamond core
saw or by manual splitter and 1/2 of the drill core was submitted
to EcoTech Laboratories (part of the Stewart Group of Companies), a
certified sample preparation facility located in Stewart, B.C.,
where samples were crushed, pulped and screened to 100 mesh. The
pulps were then sent by courier to the main EcoTech laboratory
facility in Kamloops, B.C. for assay, while the rejects are stored
at the EcoTech prep facility in Stewart. All samples were analysed
through an aqua-regia digest and analysed through a 35 element
ICP/MS package and gold fire assay with an Atomic Absorption (AA)
finish. All sample over-runs through the ICP package automatically
were fire assayed with an AA finish.
A QA/QC protocol was followed for the drill core sampling
program, which involved inserting sample blanks and standards at
regular intervals into the sample stream. Blanks were inserted at
the nominal rate of 1 in every 35th sample as well as after a
sample which contained significant visible sulphides. Sample
standards were inserted at the nominal rate of 1 in every 20th
sample (alternating between OREAS_93' OREAS_95 and OREAS_153a).
Every 20th sample on odd multiples was selected as a "referee
sample" whereby instructions were given to the prep facility to
prepare 2 pulps, analyze one and keep the second to be sent to
another credited laboratory for verification of results. Three
duplicate samples were selected per hole, located in a mineralized
zone to assure continuity of higher grade results, where half the
core was quartered and sent as a separate sample. Sample tags made
of sturdy Tyvek were inserted into each plastic sample bag and
securely sealed. The sample number along with the sample interval
was recorded on the drill log. The sample interval was recorded in
the sample tag book. A 3rd sample tag was stapled into the core box
at the end of the sample interval. All core is currently and
securely stored in the remote camp location, or at the company's
secure core logging facility in Stewart.
About Castle Resources
Castle is a Toronto-based junior mineral development company
focusing on high-quality, advanced projects. Management's goal is
to continue the redevelopment of the 100% owned past producing
Granduc Copper Mine and begin new exploration activities; as well,
management is advancing the Elmtree Gold Project in New Brunswick
toward feasibility in 2011. Castle has issued and outstanding
shares of 115 million. For more information please visit the Castle
Resources' website at www.castleresources.com.
Disclaimer
Certain statements contained in this news release may contain
forward-looking information within the meaning of Canadian
securities laws. Such forward-looking information is identified by
words such as "estimates", "intends", "expects", "believes", "may",
"will" and include, without limitation, statements regarding the
company's plan of business operations (including plans for
progressing assets), estimates regarding mineral resources,
projections regarding mineralization and projected expenditures.
There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially
from such statements. Factors that could cause actual results to
differ materially include, among others, metal prices, risks
inherent in the mining industry, financing risks, labour risks,
uncertainty of mineral resource estimates, equipment and supply
risks, title disputes, regulatory risks and environmental concerns.
Most of these factors are outside the control of the company.
Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by
applicable securities statutes or regulation, the company expressly
disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new
information, future events or otherwise.
This news release does not constitute an offer to sell or
solicitation of an offer to sell any of the securities in the
United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws
and may not be offered or sold within the United States or to a
U.S. Person unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
To view the map associated with this release, please visit the
following link:
http://media3.marketwire.com/docs/cri1110map.pdf.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Castle Resources Inc. Mike Sylvestre President &
CEO 416-366-4100mike@castleresources.com Castle Resources Inc.
Lenny Foreht VP Corporate Development
416-364-2266lforeht@castleresources.comwww.castleresources.com
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