Introduction
The Sapelliga Project consists of one granted Prospecting Licence situated in NE Ghana near the border with Burkina Faso. Castle has an option to acquire a 100% interest in the project from a local Ghanaian Company. The 1.2Moz Youga Gold Deposit is being developed about 2.5km west of Sapelliga.
In 2007 Castle completed soil sampling and the first ever RC drilling at Sapelliga. Drilling intersected encouraging gold intercepts 4km along strike from the Youga gold deposit.
This first drill program consisted of 13 holes and tested only two of five target areas (T1-T5 see attached plan). T3 was tested with six holes over a 300m strike and reported the most encouraging results with best intercepts of 6m @ 4.85g/t from 20m (SPRC 09), 4m @ 2.1 g/t gold from 43m (SPRC 10) and 10m @ 5.23g/t from 62m (SPRC 12). Drill hole SPRC 13 was drilled up dip from the intercept in SPRC 12 (10m @ 5.23g/t) but failed to reach target depth leaving the intercept in SPRC 12 completely open. Drill spacing was nominally on 100m sections.
The T3 mineralisation outcrops at surface and remains completely open to the south west (towards Youga) and at depth.
Six trenches were excavated for a total 383m and tested parts of the T1, T2 and T5 soil anomalies. The trenching exposed several zones of quartz veined and sheared metasediments.
Trenching in late 2007 reported a best intercept of 23m @ 0.97g/t gold including an interval of 15m @ 1.24g/t gold from the T2 target.
To followup these results nine reverse circulation holes were drilled (SPRC 13-21) to test the T1, T2 and T5 targets previously defined through soil sampling and trenching.
Hole SPRC 19 returned the best result of 22m @ 2.04g/t gold from 25m downhole and SPRC 17 drilled 100m to the west reported 2m @ 5.7g/t gold. The Sapelliga prospect is considered to have good potential to host shallow gold resources.
The area south and east of the Sapelliga prospect was subject to a soil sampling program that defined multiple soil anomalies that are interpreted to reflect extensions to mineralised horizons reported west of the Ghanaian border at the Youga gold deposit. Ground inspection and infill sampling is planned to test these areas.
Castle's Sapelliga project is only 2.5km east of the Youga Gold project (Etruscan Resources) with first gold production expected shortly. Youga's mineable reserves are currently 6.6 million tonnes with an average grade of 2.7 g/t containing 580,000 ounces of gold.