Exploration drilling update for Queen Alexandra Redcastle Project

Redcastle Resources Limited (ASX: $RC1) has reported a significant exploration drilling update for the Queen Alexandra Redcastle Project. The company encountered a high grade mineralisation zone of 3.7m down hole @ 37.5 g/t, including 0.95m @ 133g/t, within QA24D002. The strike length has been confirmed to be a minimum of 200m and open at depth and to the south-east. Visible free gold has been observed in 3 drill holes, and the diamond drilling program is ongoing with further selective sampling of diamond holes to be completed.

Management Commentary on Exploration Drilling Update

Despite inclement weather conditions at site, drilling has continued successfully. The decision to proceed with deeper diamond drilling has been justified with structural geological information now available for analysis and with visible gold intercepted at depth confirming the presence of high grade plunging shoots. The results to date also appear to support the prognosis of increasing grade with depth, notwithstanding the nugget effect evident in the variability of the intercepts.

Summary of Exploration Drilling Update and Outlook

Redcastle Resources' exploration drilling update at the Queen Alexandra Redcastle Project has revealed a high grade mineralisation zone, confirming the strike length to be a minimum of 200m and open at depth and to the south-east. Visible free gold has been observed in multiple drill holes, indicating the potential for significant mineral resources. The ongoing diamond drilling program and selective sampling of diamond holes are expected to provide further valuable insights. The company's decision to proceed with deeper diamond drilling has been vindicated, and the results suggest the possibility of increasing grade with depth. Redcastle Resources remains optimistic about the project's prospects and is committed to further exploration and analysis to unlock its full potential.