Castle Minerals (ASX: CDT) is pleased to announce the discovery of the Kandia gold prospect located within the company’s Wa Project in north west Ghana heralding a new unexplored gold exploration corridor over 25km long.
The Kandia prospect was discovered in April during reconnaissance field mapping. During this program a large area of previously unknown artisanal gold workings was discovered that comprise three main groups developed over approximately 600m of strike.
The largest single group of workings is developed over a 400m strike length with mineralisation exposed in workings over 40m width. Collectively the three groups of workings identify gold mineralisation in a corridor 400m wide that offers an immediate and highly ranked drill target.
The workings are situated on the eastern side of Castle’s large Wa project in an area that has yet to be explored. No historic references to this gold mineralisation or prior exploration are known.
Castle’s Managing Director, Mike Ivey, said “this is a very encouraging discovery; in its own right it represents a major new exploration target for sediment hosted gold mineralisation that is considered capable of hosting large gold deposits and; it clearly reinforces the potential of our largely unexplored but highly prospective 12,000km2 land holding."
"It is remarkable that a group of workings of this scale, up until now, has not been recognised”, Ivey said.
A sampling and mapping program has commenced at Kandia and along the regional trend of the
mineralisation. This work represents the first known systematic gold exploration conducted in this area.
A second group of gold workings was found at Bisakan 10km to the south west where east-west trending quartz vein hosted gold mineralisation is developed in sheared granitic rocks over a few hundred metres of strike.
The company said the mineralisation at Bisakan is a different style to that seen at Kandia and demonstrates that a number of gold mineralising events have occurred in this area.
Disclosure: The author holds no positions in the company