Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Company") is pleased
to announce it has received the statutory right of way from the British Columbia
Ministry of Forests, Lands and Natural Resource Operations for the 17 kilometre
long Granduc Tunnel. The tunnel connects the underground mine site to the
Granduc road which leads directly to year round port facilities in Stewart, B.C.



"This key piece of permitting allows Castle to access the underground mine site
through the tunnel for a renewable period of 30 years. The right of way is vital
to the strong infrastructure Castle acquired with the Granduc Copper Project,"
stated Mr. Mike Sylvestre, President & CEO of Castle Resources. "The tunnel was
rehabilitated in 2011 and is fully accessible by mobile equipment."


The Granduc tunnel was constructed in the mid-1960s by Newmont Mining, the
developer and initial operator of the Granduc Mine. The tunnel was designed for
rail transportation of ore, people and supplies between the underground mine and
the mill. In 2011 Castle Resources contracted Procon Mining and Tunneling to
refurbish the tunnel and provide efficient and safe mobile access for
operations. 


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 in Stewart,
B.C. 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.


Churchill Resources (TSXV:CRI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Churchill Resources Charts.
Churchill Resources (TSXV:CRI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Churchill Resources Charts.