Overview of Castle Minerals' update on Polelle Gold Project

Castle Minerals Limited (ASX: $CDT) has provided an update on the Polelle Gold Project near Meekatharra in Western Australia. Great Boulder Resources (ASX: $GBR) is currently exploring Polelle under an agreement with Castle, which gives GBR an option to acquire 75% of the project. The update includes the confirmation of strong pathfinder anomalism through AC drilling, along with the receipt of a $558,000 R&D rebate in early July, ensuring GBR's well-funded ongoing exploration.

Executive commentary on Polelle Gold Project update

Great Boulder's Managing Director, Andrew Paterson, stated, 'We confirmed very high levels of antimony and other pathfinders in both locations, indicating that we are inside the mineralised system. We are planning a heritage survey shortly to clear the priority targets prior to our next drilling program. The second half of the year is expected to be extremely busy, and we anticipate a lot of good news in the months ahead.'

Summary of Castle Minerals' Polelle Gold Project update and outlook

The AC drilling at Polelle has confirmed strong pathfinder anomalism, providing valuable insights for the targeting model used by GBR. The receipt of a significant R&D rebate further strengthens GBR's financial position for ongoing exploration. The upcoming heritage survey and subsequent drilling program indicate an active phase for the project. With the anticipation of a busy second half of the year, stakeholders can look forward to positive developments in the months ahead, reflecting the company's commitment to advancing the Polelle Gold Project.