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Castle Minerals Limited (ASX:CDT)

ALERT: Price-sensitive ASX Announcement for CDT
Current share price for CDT : $0.086 0.021 (32.31%)+
Announcement
Release
2 Sep 2025 8:21AM
Price at Release
$0.065
Full Release
download
Summary
Castle Minerals Limited, an Australian exploration company, has initiated a 410-sample power auger drilling campaign at its Kandia Gold Project in Ghana. The campaign aims to explore and extend existing mineralized zones and test new targets in the Birimian terrane, known for hosting multi-million-ounce gold systems. The campaign utilizes Castle’s high-resolution aeromagnetic survey data to identify promising sites for potential gold mineralization near surface. If successful, further RC drilling will be prioritized at these sites. This effort is part of a broader strategy that includes a similar campaign at the Kpali Gold Project and a proposed acquisition in Côte d'Ivoire, expanding Castle's portfolio on the Côte d'Ivoire–Ghana border, enhancing its exploration footprint in West Africa.
Key Points
  • Commencement of 410-sample power auger campaign at Kandia Gold Project, Ghana.
  • Focus on extending mineralized zones and testing new targets in the Birimian terrane.
  • Utilization of high-resolution aeromagnetic survey data for target identification.
  • Potential for RC drilling if auger sampling confirms gold anomalism.
  • Similar follow-on auger sampling campaign planned for Kpali Gold Project.
  • Proposed acquisition of Mineralis Ltd to expand footprint in Côte d'Ivoire.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.