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  • Castle Peak Reports More Promising Results From Akorade, Ghana 0 comments
    Dec 5, 2012 1:27 PM

    Castle Peak Mining (CVE:CAP) today reported more promising results from samples at its Akorade gold project in Ghana.

    Surface sampling at the Dansuom target on the Pow concession at Akorade showed best results of 70.0m of 1.01 g/t Au (including 26.0m of 1.76 g/t Au); 12.0m of 0.54 g/t Au and 2.0m of 2.38 g/t Au.

    A geological survey carried out concurrently also indicated several kilometre scale coincident resistivity and chargeability anomalies.

    Two of these significant anomalies are spatially associated with the large, 1,500m by 250m, Dansuom gold in soil anomaly defined by soil values greater than 0.2 g/t gold.

    President and chief executive Darren Lindsay said: "Although dealing with a less than predictable rainy season this year, we have been able to forge ahead with geophysical surveying, mapping and sampling to better determine the resource potential in the Dansuom target area.

    "Strong geophysical anomalies coincident with our existing geochemical anomalies and new road cuts exposing vein stock works, alteration zones and contact zones are showing the promise of this exceptional target."

    Castle Peak has now collected a total of 690 samples across the Akorade project area, with approximately 300 samples remaining to be collected across the mineral licences at 400m by 400m spacing.

    To date all samples from Enyinase, Bonsaso, Kedadwen and Dompem have been collected, while mapping and sampling still continues across the POW and Great Yorkshire licences.

    Last month Castle Peak kicked off a follow-up drilling programme to define further its high grade discovery at Apankrah on the Nkwanta concession at Akorade.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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