Redcastle Resources (ASX:RC1) said assay results from drilling at its Redcastle gold project in Western Australia resulted in high-grade gold intercepts, confirming widespread mineralization potential, according to a Wednesday bourse filing on the Australian bourse.
The results include a significant intercept of four meters at 10.94 grams per tonne grade of gold from a depth of six meters at the Queen Alexandra prospect, two meters at 9.14 g/t grade of gold from a depth of 39 meters at the Redcastle Reef prospect, and one meter at 22.50 g/t grade of gold from a depth of 36 meters.
It is advancing towards the maiden mineral resource estimate at the Redcastle Reef prospect and a revision of the Queen Alexandra mineral resource estimate. It restarted reverse circulation drilling at the project.
The firm's shares fell 11% on market close on Wednesday.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。