The following says it all... Management just keep delivering..
“Castle Hill gets more and more exciting every time we put a drill hole into it. To date we have been testing lateral extents to the mineralisation and have yet to start drilling at depth. The resource has more than doubled from 253,000 ounces to 559,000 ounces at improved grade in just nine months at a discovery cost of less than $8 per ounce,” Managing Director Jon Price said.
“There is the potential here for a million ounce gold project on a major shear structure in a relatively underexplored part of the goldfields 50 kilometres from Kalgoorlie and I believe this region has many more of these waiting to be discovered,” Mr Price said.
Castle Hill is near surface, free milling material and comprises both large tonnage base-load style mineralisation adjacent to higher-grade, shear-hosted lodes. The latest drill results confirmed the mineralised system has a contiguous strike length of more than 4km and mineralisation remains open along strike and at depth.
PXG Price at posting:
22.7¢ Sentiment: None Disclosure: Held
