Castile Resources (ASX:CST) has intersected geological features indicative of an iron oxide copper-gold (IOCG) system at its Pathfinder 38 prospect, including strong alteration zones and elevated copper levels, but no assay results exceeded the 1% copper cut-off grade, according to a Tuesday filing with the Australian bourse.
Castile believes drill hole 25P38D001 at Pathfinder 38 intersected the edge of an IOCG-style system, with key intervals including silica-hematite alteration, magnetite-pyrite in a parasitic fold resembling the Rover 1 setting, and chlorite alteration with copper up to 770 parts per million, the filing added.
Shares of Castile were up 11% in recent Tuesday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.