A Whole New Picture Bill Pearson Discusses Castillian’s Hope Brook Gold Project Kevin Michael Grace
January 22, 2013 - Castillian Resources Corp V.CT announced January 17 assay results from the 21 drillholes of a 5,951-metre program on its Hope Brook Gold Project in Newfoundland. The drilling intersected multiple zones of gold mineralization in a new near-surface target zone in the Mine Zone-240 Connector Target, located approximately 900 metres southwest of the former Hope Brook openpit. Highlights include (including results released December 11):
1.07 grams per tonne gold, 0.05% copper over 18.1 metres 1.52 g/t gold, 0.05% copper over 14 metres 2.14 g/t gold, 0.45% copper over 29.6 metres 2.69 g/t gold, 0.58% copper over 14.6 metres 5.24 g/t gold, 1.47% copper over 4.3 metres 1.9 g/t gold, 0.12% copper over 39.1 metres
The Hope Brook Gold Project consists of 25,000 hectares located 45 kilometres northwest of Burgeo. Its historic mine produced 752,163 ounces gold from 1987 to 1997. According to an October 2012 43-101 resource estimate, it contains (within the constraining shell at a 0.5 g/t cutoff) 10.6 million tonnes grading 1.24 g/t for 422,000 ounces gold indicated and 6.5 million tonnes grading 1.91 g/t for 397,000 ounces gold inferred and (below the constraining shell at a 2 g/t cutoff) 1.7 million tonnes grading 2.99 g/t for 168,000 ounces gold indicated and 2 million tonnes grading 2.62 g/t for 151,000 ounces gold inferred. Total indicated resources are 590,000 ounces gold, and total inferred resources are 548,000 ounces gold.