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Castle Minerals delivers maiden 107,500oz gold JORC Resource at Kandia prospect

Last updated: 02:18 05 Dec 2011 GMT, First published: 01:18 05 Dec 2011 GMT

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Castle Minerals (ASX: CDT) has achieved a 3.3 million tonnes at 1.0 grams per tonne (g/t) gold for 107,500 ounces JORC Resource for the Kandia prospect located in north-west Ghana, that forms part of its large Wa Project.

The definition of a shallow gold resource at Kandia has been completed less than 10 months since the company's drilling first commenced in this area and demonstrates that outcropping gold deposits are still capable of being discovered in Ghana.

The company has now recommenced its exploration program looking to defining more gold resources in 2012.

The Resource outcrops at surface with 77% of resource ounces above 100 metres and mineralisation is open down dip with new gold targets identified south along strike.

The Kandia Trend extends for at least 20 kilometres and will form a key component of Castle’s recently commenced 2011/12 field season.

The company's total gold Resources in Ghana have now increased by 68% to 267,000 ounces.

Gold mineralisation was first discovered on this greenfields prospect by Castle in 2010 with the first resource drilling being undertaken in 2011.

Since that time Castle has completed extensive soil sampling, airborne geophysical surveys and completed 264 RC drill holes for 19,541 metres.

The Resource for Kandia was completed for two mineralised zones named the “4000 Zone”and “8000 Zone” that are situated along a regionally mineralised granite/sediment contact termed the Kandia Trend that can be traced for over 20 kilometres.

It is the fourth greenfields gold occurrence to be discovered by Castle since 2008 within the Wa Project - these deposits are spaced over 40 kilometres in different stratigraphic sequences confirming that the Wa Project has been subject to a variety of gold mineralising episodes and styles.

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