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The Company has conducted a limited phase I drill program at Akorade, and posted results including 6.0m of 80 g/t Au (including 1.6m of 296 g/t Au), 10.0m of 6.7 g/t Au, and 9.8m of 6.8 g/t Au at its Apankrah Target. The Company is now modeling the Apankrah Shoot in order to evaluate underlying economics and determine overall potential for a series of high-grade, low volume deposits, which could serve as an anchor for resource growth given its close proximity to several low grade producers.

Investment Highlights

• Management team with positive relationships and respected track records
• Located in politically stable, mining friendly jurisdiction
• ~225 sq. km's covering two key structural trends for gold deposits in the Southern Ashanti belt
• Quality systematic exploration program
• Encouraging Phase I results similar to neighbouring deposits & prospects hosting 50 million ounces in gold reserves and resources; 12 holes at Apankrah have average intercept length of 6.6m at an average grade of 5.7 g/t Au (bonanza grades in NKDD022 capped to 50 g/t Au)

Mission Statement

Castle Peak is a junior exploration company striving to identify grassroots targets and under-valued gold assets in Ghana with the potential for advancing to near term development. The Company endeavours to operate in a safe and environmentally sound manner while continuing to develop working relationships with government officials and members of the local communities. 

Next Steps

• Internally model Apankrah Shoot in order to evaluate underlying economics and determine overall potential for series of high-grade, low volume deposits
• Continue to explore high potential targets with focus on identifying larger, lower grade systems to compliment known high grade feeder
• Seek partners to reduce exploration risk for shareholders in earlier stage targets

Akorade Project

Castle Peak Mining's Akorade project is located in southwest Ghana, in the southern portion of the Ashanti gold belt. It encompasses ~225 square kilometres and is positioned between the mining centre of Tarkwa and the port city of Takoradi. Within 50 kilometres of Castle Peak’s Akorade Project there are five producing gold projects which account for more than 50 million ounces in gold reserves and resources. There is an established mining infrastructure due to the proximity of the multi-million ounce producers and all nine concessions are on the National power grid.

Exploration Program

Castle Peak Mining's exploration program is currently being carried out on two fronts: a drill evaluation program split between initial target testing (Phase 1) and high potential follow up drilling (Phase 2); and regional exploration which includes mapping, prospecting, line cutting, soil sampling, trenching and geophysical surveys within key structural corridors.

Drill Evaluation

In 2011, Castle Peak Mining completed the first ever drill program on the Akorade Project. The ~6,900m (35 hole) drill campaign started in late April 2011, with a single core drill undertaking initial evaluation on three drill ready target areas. The drill campaign produced results similar to neighbouring deposits and prompted initial follow-up drilling on the Apankrah target area. The Company completed a ~4,500m (23 hole) follow up program at Apankrah from June to November 2012. The two programs returned encouraging values to partially define the high grade Apankrah Shoot with coarse visible gold; confirmed high grade visible gold in a new mineralized trend on the Scorpio structure; and further defined mineralization at Nana. 

Drill highlights to date are summarized below:

Regional Exploration

Initial passes of reconnaissance have been completed on the Akorade Project, identifying 25 target areas over all nine concessions. Additional field activities are currently prioritized for target development on the Great Yorkshire, Dompem, POW and Asuogya-Ayiem concessions. Exploration activities on all concessions are continually compiled and re-evaluated in order to prioritize the targets that have the strongest potential to provide Castle Peak with its initial resource base.

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Management

Darren Lindsay, BSc (Honours), PGeo

Position: President & Chief Executive Officer

Mr. Lindsay is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and has over 15 years experience in exploration geology for precious and base metals in North and South America. He has worked for both junior and senior companies, including Newmont Mining Corporation, Miramar Mining Corporation, BHP Minerals Canada Ltd, Inmet Mining Corporation, and Kodiak Exploration Limited, undertaking management roles of increasing responsibility including supervision of large scale exploration and feasibility level projects. Recently, Mr. Lindsay played a key role on the teams involved with the expansion and feasibility level studies of the multi-million ounce Madrid and Doris gold deposits in Hope Bay, Nunavut, and the identification and evaluation of the key project, the Magino Gold Project, for Prodigy Gold Incorporated.

Paula Rogers, CA

Position: Chief Financial Officer

Mrs. Rogers is a Chartered Accountant who has 15 years of experience working for Canadian-based international public companies in the areas of treasury, mergers and acquisitions, financial reporting, and tax, and is currently Director and Audit Committee Chair for Timmins Gold Corp. Prior to joining Castle Peak Mining Ltd. as Chief Financial Officer in September 2010, she was Vice-President, Treasurer of Goldcorp Inc. and previously Corporate Treasurer of Wheaton River Minerals Ltd. from 2004 until its 2005 merger with Goldcorp. Paula was responsible for financing the remarkable growth of both Goldcorp and Wheaton during her six year tenor and successfully raised over $4 billion in bank credit facilities, convertible notes and project financing for the companies. She has also held senior finance roles at Finning International Inc. including Assistant Treasurer, Corporate Reporting Manager and Tax Manager over a period of nine years. Paula holds a Bachelor of Commerce from the University of British Columbia and completed her CA articling at Deloitte and Touche.

Clive Arthur, M.Sc, BSc

Position: Vice President Exploration

Mr. Arthur is an experienced economic geologist with over 30 years in exploration and mining for precious metals, base metals and precious stones. He is familiar with a wide range of prospecting techniques, evaluation, engineering and extraction methods, including feasibility studies. He has a thorough understanding of the business of exploration and mining and is highly proficient in IT. He has over 20 years experience in Africa with Anglo-American, working on the gold-bearing volcano-sedimentary basins and with African Eagle, as their Exploration Manager for Zambia and Mozambique. He also held the title Senior Exploration Geologist with JCI and was a Mine & Exploration Geologist with Anglovaal Ltd. Additional experience includes working as an Independent Geological Consultant for projects in Eastern Europe and the FSU and as Exploration/Project Manager with Kazakhstan Minerals Corp. Mostly recently he was European Goldfields Exploration Manager for Romania. Clive joined Castle Peak in May 2012.

Henry Sowah, BSc, MBA

Position: Exploration Manager

Mr. Sowah is a native Ghanaian with more than 8 years experience in the mining industry, three of which were spent working on properties relating to Castle Peak Mining. He was the Tenament Administrator for the Company in 2007, and earlier the Project Geologist at Prince of Wales in 2005. He spent nearly three years as the Database Manager with Etruscan Resources Ghana Ltd., supervising all exploration programs for quality adherence. Mr. Sowah began his career as a student with Ashanti GoldFields and later as a geologist with Ghana Geological Survey. He holds a Bachelor of Science in Geological Engineering from Kwame Nkrumah University of Science and Technology, and a Master of Business Administration in Project Management from the Ghana Institute of Management and Public Administration.

Marlo Hamer-Jackson

Position: Investor Relations Manager

Mrs. Hamer-Jackson has worked in the mining industry for more than 10 years. Before joining Castle Peak Mining, she served as Manager, Investor Relations and Corporate Communications with the Augusta Group of Companies, which included Augusta Resource Corporation, Riva Gold Corporation, Ventana Gold Corporation, and Wildcat Silver Corporation. Earlier in her career, she helped manage the global communications programs at Placer Dome Inc. and later Goldcorp Inc. Mrs. Hamer-Jackson holds a Bachelor of Business Administration from Simon Fraser University, is a member of the Canadian Institute of Investor Relations, and has completed the Canadian Securities Course with honours.

Board of Directors

Brian Lock (Chairman)

Mr. Lock has over 30 years of experience in the operations, feasibility, design engineering and construction of numerous precious metals and base metal mining projects around the world. Earlier in his career, Mr. Lock held senior positions with a major international mining consortium and two major engineering companies. In 1985, he founded Proton International Engineering Corp., a Canadian engineering and construction company devoted to the development of small- and medium-sized mining projects. Additionally, Mr. Lock has managed and/or served as a director of several Canadian public and private companies. He was an officer of Frontier Pacific Mining Corporation since early 2006 until it was taken over by Eldorado Gold in 2008, and is presently a Director of Canaco Resources Inc., Scorpio Gold Corporation and San Marco Resources Inc.

Peter Hawley, BSc, PGeo

Mr. Hawley has 33 years mining-industry experience that spans grassroots exploration through to development and production. He has worked extensively as a consulting geologist to a large number of intermediate and senior mining companies including Teck Corp., Noranda Inc., Placer Dome Inc. and Barrick Gold Corp. Mr. Hawley is also experienced in private and public company financing and corporate administration, and is currently Chairman, Director of Scorpio Mining Corporation, Director of Scorpio Gold Corporation, Abitex Resources Inc., Chimata Gold Corporation and Maxtech Ventures Inc.

Darren Lindsay, BSc (Honours), PGeo (President & Chief Executive Officer)

Mr. Lindsay is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and has over 15 years experience in exploration geology for precious and base metals in North and South America. He has worked for both junior and senior companies, including Newmont Mining Corporation, Miramar Mining Corporation, BHP Minerals Canada Ltd, Inmet Mining Corporation, and Kodiak Exploration Limited, undertaking management roles of increasing responsibility including supervision of large scale exploration and feasibility level projects. Recently, Mr. Lindsay played a key role on the teams involved with the expansion and feasibility level studies of the multi-million ounce Madrid and Doris gold deposits in Hope Bay, Nunavut, and the identification and evaluation of the key project, the Magino Gold Project, for Prodigy Gold Incorporated.

Randal Gindi

Randal Gindi is a founder of Castle Peak and has been involved in the mining industry since 2001. Mr. Gindi is also a principal in multiple real estate corporations focused on property development and management, and has previously been involved as a principal in the management and merchandising of several retail department stores.

Allan Green

Mr. Green is President and owner of Consellior SAS, a French company active in strategic advisory services to public and private companies. He is an active investor in both public and private sectors and has developed strong relationships within European financial institutions.

Jurgen Eijgendaal

Mr. Eijgendaal is currently the Managing Director of Ghana Manganese Company Ltd. He is also the Managing Director of Nsuta Gold Mining Ltd., a 90% Grizal Enterprises Ltd owned (10% Government of Ghana) gold exploration Company with exploration activities immediately north of Castle Peak’s land position.  Prior to joining GMC, Mr. Eijgendaal worked in South Africa as Managing Director of an underground chromite ore mine. During his more than 14 years in Ghana, Mr. Eijgendaal has served as the President of the Ghana Chamber of Mines for two terms between 2006 and 2010, and is a former member of the Board of Directors of the Ghana Railway Development Authority. Mr. Eijgendaal holds a Master of Arts degree from the University of Leiden and currently resides in Ghana.

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