Castle Minerals Limited begins drilling at Kpali Gold Project in Ghana

Castle Minerals Limited (ASX: $CDT) has commenced drilling at its Kpali Gold Project in Ghana's Upper West Region. The initial 7-hole, 1,000m RC programme aims to test for down-dip and strike extensions to high-grade gold mineralisation discovered by the Company in a previously unexplored area. Assaying is being undertaken in-country at the accredited Intertek laboratory with results expected to be available within the current third Quarter.

Executive Chairman, Stephen Stone, on Kpali Gold Project drilling

We are very pleased to be drilling again at the highly prospective Kpali Gold Project which was a totally virgin discovery by Castle following its recognition as a favourable geological and structural focal point in one of the world's most well-endowed gold regions. Our immediate aim is to demonstrate that Kpali could be an indicator of a new West African mining camp with initial Castle RC drilling providing a great start to doing that having returned intercepts of 22m at 2.85 g/t Au from 87m including 7m at 6.03 g/t Au from 90m, 5m at 4.53 g/t Au from 99m and 16m at 3.23 g/t Au from 9m. Historically high gold prices and increasing investor interest in West African gold exploration are two other good reasons to be reactivating this previously under-the-radar and compelling Castle asset.

Overview of Castle Minerals Limited's Kpali Gold Project

Castle Minerals Limited has initiated a 1,000m RC drilling programme at its Kpali Gold Project in Ghana's Upper West Region. The programme is the initial phase of a planned multi-phase, multi-prospect 3,500m programme that aims to test Kpali and several other prospects in the area with the aim of confirming a possibly new West African mining camp. The Kpali Gold Project lies within Castle's broader 2,686km2 Wa Gold Project hosting several additional gold prospects. The project is strategically located in the highly-prospective Birimian terrane, which hosts world-class deposits in the same region and generally within Ghana and West Africa. The reactivation of the Kpali Gold Project coincides with record gold prices and increasing investor interest in West African gold exploration, providing a compelling opportunity for Castle Minerals Limited.