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Castle Minerals pans visible gold from Beasley Creek stream samples

Gold panned from 21 of 39 bulk samples of stream sediments draining Hardey and Mt Roe conglomerates at Beasley Creek.

Beasley Creek Gold Project
Beasley Creek Gold Project

Castle Minerals Ltd (ASX:CDT) has recovered fine-grained gold in panned concentrates from a second stream sediment sampling program at its Beasley Creek Gold Project in Western Australia.

The program was designed to infill around previous sampling at Beasley West and to extend coverage over the remaining areas of the targeted 16-kilometre unconformity within the company’s licence.

Castle recovered gold from 21 of the 39 15-kilogram sediment samples collected. The gold grains recovered from the panning ranged from small flecks to fine particles.

Assays for the bulk samples returned multiple, anomalous results along the conglomerate horizon, peaking at 52.2 ppb gold.

Castle to advance multiple targets

Castle managing director Stephen Stone said: “This latest program at Beasley Creek continues to reinforce its credentials as a legitimate target for the discovery of paleo-placer style gold mineralisation.

“The return of anomalous gold in all bulk samples, collected from seasonal streams draining and immediately below the Mt Roe and Hardey conglomerate horizons, is extremely encouraging.

“Preliminary work undertaken on gold targets in the Archean basement units has also been equally encouraging.

“Exploration by Castle and other explorers in and around the Rocklea Dome, and the southern part of the Fortescue Basin in general, is demonstrating that it is a highly prospective province for several styles of mineralisation with Castle planning to advance all bona fide targets as warranted.”

Next steps

The next stage of exploration at Beasley Creek will be a systematic sampling program along the entire 16-kilometre unconformity contact hosted within the licence as well as investigation of the Archean gold targets.

Quick facts: Castle Minerals Ltd

Price: 0.006 AUD

Market: ASX
Market Cap: $1.42 m

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