Castle Minerals initiates strategic drilling program

Castle Minerals (ASX:CDT) has commenced a 1,500-meter, 12-hole reverse circulation drilling program at its Kpali and Kandia gold prospects, part of the Wa Gold Project in Ghana. This initiative aims to extend high-grade mineralization as part of the company's goal to delineate an initial one million ounces of gold resources. Assay results are expected in early February 2025.

Castle Minerals sets sights on resource growth

Castle Minerals Limited has embarked on a 1,500-meter drilling program aimed at expanding high-grade mineralized zones at its Wa Gold Project. The project, spanning 2,686 km² in Ghana, seeks to establish a cluster of mineral resources totaling one million ounces of gold. Castle is also advancing discussions with Ghana's Minerals Income Investment Fund for a US$2 million investment, highlighting its commitment to both gold and graphite projects. Recognized as the 'Best Performer in Exploration' for 2024, Castle is poised for strategic growth, leveraging its exploration achievements and regional opportunities in Ghana.

Executive insights on the drilling program

The commencement of the drilling program at our Kpali and Kandia prospects marks a significant step in our exploration strategy to delineate a substantial gold resource in Ghana. The Wa Gold Project's strategic location and geological potential make it an exciting target for this campaign.