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7.0¢ castile resources ltd

Ann: Rover 1 Delivers More Significant Copper Gold Intercepts, page-36

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Investsavvy10

602 Posts.

132

06/11/20

07:30

Post #: 48677309
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Originally posted by hightrax: ↑

More infill drilling later will provide more clear pattern. You can miss a bonanza by a foot or two or go straight through it. Very rare. Hole 1 did that. Later more holes around Hole1 closer. I could go well on the other side, or the other 2 directions. An ounce to the ton is what they used to get in the gold rush, Ballarat, Bendigo, Castlemaine, etc. but they never explored the NT then. Terra Incognita. First, the three exploratory wild holes well out from established resource. In 50 or a 100 holes time, will be better informed, and likely have a much expanded resource. This is important when considering plant design, and funding. The cards dealt to CST so far have been pretty good. Know anyone else who has hit 30+m of 1oz to the ton?

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Gold has had a good night and is now $1,950 USD and $2,680 AUD we know the gold is extremely high grade and with the substantial high grade Copper hits what would be a reasonable ASIC (All in sustaining costs) for this high grade underground resource? If hole 3 hits more Gold / Copper mineralisation CST will see new highs very quickly.

Updated JORC would be interesting towards the end of the year. Lets hope for a good bounce today.

CST Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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