Castle Minerals Limited Unveils Robust RC Drilling: High-Grade Gold Hits Extend Lode Continuity at Ghana’s Kpali Prospect and Spark Future Expansion Plans

Monday, June 16, 2025
at
8:27 am
Article header image

Castle Minerals Limited has extended its high-grade gold discovery at its Kpali prospect in Ghana. Recent drilling confirms robust lode continuity and deeper mineralisation with promising follow-up targets, signaling exciting potential in this emerging West African gold district.

Castle Minerals Limited has reported significant progress at its Kpali Gold Project in Ghana following a successful 23-hole, 2,793‐metre reverse circulation drilling campaign. The latest results confirm the continuity and robust nature of two dominant, north–south striking lodes, with multiple high‐grade intercepts that extend both along strike and to greater depths. Highlights include a 1 metre intercept at 20.66g/t gold from 41 metres and a 19 metre intercept at 2.93g/t gold from 77 metres, along with several intervals showing encouraging gold grades down to 120 metres. The drilling has delineated distinct “hangingwall” and “footwall” lodes, the former being traceable for 300 metres and open at its northern extension, while the latter runs approximately 490 metres in the central to southern extent of the deposit. The company’s announcement details further planned exploration at nearby prospects, with five RC holes at the Bundi prospect and a ten‐hole programme at the Kandia Project pending assay results. In addition, forthcoming RC drilling is scheduled for September pending rig availability and cessation of seasonal rains, while auger drilling is set to commence in July. These follow-up campaigns will target historical anomalies as well as newly generated targets identified through enhanced high-resolution aeromagnetic and VTEM data reprocessing. Technical measures applied include 1 metre cut intervals with a 1g/t gold cut-off and allowances for up to 2 metres of internal dilution, ensuring the reported intercepts adhere to stringent QA/QC protocols. The technical aspects of the drilling program are underpinned by robust structural interpretations, with the intercepts controlled by steeply dipping lodes in metamorphosed arenaceous rocks. The results support the interpretation of the Kpali project as part of a potentially major West African gold district, anchored by the regional context of significant discoveries like the 5.1Moz Namdini and 2.8Moz Black Volta projects. Detailed geological mapping and precise DGPS survey methods underpin the reported data, reinforcing the company’s commitment to advancing exploration in one of Ghana’s emerging gold regions. The news prompts a mixed outlook for market participants. Bullish sentiment is supported by the strong drilling results that extend known mineralization, the promising regional gold district setting, and the coordinated programme of follow-up and auger drilling designed to further de-risk the project. These factors suggest that Castle Minerals Limited is steadily transforming exploration potential into a credible resource target. On the bearish side, risks remain inherent in early-stage exploration, including uncertainties in resource delimitation, technical challenges during further drilling campaigns, and potential delays due to seasonal conditions. Overall, while the technical results and future drilling plans are encouraging, cautious optimism is advised as exploration efforts continue to mature.

Document

Recent Articles