Castillian Intersects 1.60 Grams Gold Per Tonne Over 16.9 Metres in Near Surface Pit Zone at Hope Brook Project, Newfoundland
Published : June 06, 2011

Gold mineralization confirmed to a depth of 100 metres

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Keywords :   Canada | Copper | Diamond | Gold | Market |

TORONTO, ONTARIO--(Marketwire - June 6, 2011) - Castillian Resources Corp. ("Castillian" or the "Company") (News - Market indicators) is pleased to report results from an additional seven Diamond drill holes that tested the downdip and along strike extension of the Pit Zone, a near surface gold mineralized zone immediately southwest of the former open pit mine at its Hope Brook gold property. Previous drilling confirmed that the Pit Zone extends at least 500 metres along strike (See Press Release dated April 5, 2011). This new drilling confirms gold mineralization to a depth of 100 metres. 

Significant results are given in Table 1 below. Highlights are as follows:

  • 1.26 g Au/t and 0.10% Cu over 18.6m core length (14.0m true width) from 38.7m to 57.3m including 2.59g Au/t and 0.27%Cu over 6.1m core length (4.6m true width) in hole HB-11-018;

  • 1.03 g Au/t over 31.5m core length (23.6m true width) from 90.3m to 121.8m including 2.49 g Au/t over 8.4m core length (6.3m true width) in hole HB11-024; and

  • 1.60 g Au/t and 0.15%Cu over 16.9m core length (12.7m true width) from 118.0m to 134.9m including 3.48g Au/t and 0.37%Cu over 6.2m core length (4.7m true width) in hole HB11-029

"We are continuing to receive positive drill results from the Pit Zone. A number of the holes have multiple zones of gold mineralization and several have significant copper mineralization. Drilling with the track drill is continuing to test the Pit Zone further along strike and downdip," Dr. Bill Pearson, P.Geo., President & CEO of Castillian, commented. "With improved weather conditions, we have also resumed surface and bore hole induced polarization surveys which are very effective at outlining the favourable silicified zones. In addition, we are continuing to upgrade and improve our geological interpretation of the mineralized zones to better predict both extensions to known zones and to define new targets."

To date 25 Diamond drill holes totaling 4,166 metres have been completed across the 500m strike length of the Pit Zone, as shown in Figures 1 and 2, vertical longitudinal sections. Figure 3 shows the collar locations of the drill holes on an aerial photograph of the open pit area. All holes have intersected significant gold values with several holes also having copper mineralization. A number of holes also have multiple zones of gold mineralization as shown in Table 1. Interpretation of airborne and ground geophysical data indicates that the silicified zone hosting the gold mineralization extends at least another 800m further along strike to the southwest. Responses for both resistivity indicating silicification and chargeability indicating the presence of sulphides along this additional potential extension are very comparable to responses across the 500m long section already drilled. Drilling is continuing to test the Pit Zone further along strike and downdip.

Four additional holes have been completed to further test the Hanging Wall and Main Zones as shown in Figure 1, set out below. Results for these holes are pending. Since the start of drilling in September 2010, a total of 36 holes totaling 10,267 metres have been completed at Hope Brook on all target zones, with a further 15,000m planned for the balance of 2011 to bring the overall planned drilling to 25,000m.

Table 1: Summary of Significant Drilling Results, Hope Brook Gold Project, June 6, 2011
 
Hole
(i)
From
(m)
To
(m)
Core
Length
(m)
True
Width
(m)
Gold
(g/t)
Copper
(%)
Zone
Pit Zone
HB11-018 9.3 24.4 15.1 11.3 0.50 tr PZ
incl. 19.3 22.3 3.0 2.3 1.00 tr PZ
and 38.7 57.3 18.6 14.0 1.26 0.10 PZ
incl. 41.0 47.1 6.1 4.6 2.59 0.27 PZ
HB11-019 104.0 127.7 23.7 17.8 0.87 0.07 PZ
incl. 112.4 120.0 7.6 5.7 1.03 0.18 PZ
incl. 125.0 127.7 2.7 2.0 3.40 0.09 PZ
and 136.0 137.4 1.4 1.0 0.82 tr PZ
and 144.4 146.0 1.6 1.2 0.68 tr PZ
HB11-020 hole abandoned         PZ
HB11-021 58.7 66.6 7.9 5.9 0.41 tr PZ
and 76.5 77.8 1.3 1.0 3.52 0.17 PZ
and 89.0 95.9 6.9 5.2 0.68 tr PZ
and 99.0 106.0 7.0 5.3 0.58 tr PZ
HB11-022 47.5 69.7 22.2 16.7 0.54 tr PZ
incl. 49.0 50.2 1.2 0.9 3.36 0.08 PZ
incl. 63.6 65.1 1.5 1.1 1.59 tr PZ
and 80.0 97.2 17.2 12.9 0.44 tr PZ
incl. 80.0 81.9 1.9 1.4 1.39 tr PZ
HB11-024 59.20 60.7 1.5 1.1 0.99 0.07 PZ
and 79.70 84.1 4.4 3.3 2.30 0.20 PZ
and 90.3 121.8 31.5 23.6 1.03 tr PZ
incl. 113.4 121.8 8.4 6.3 2.49 tr PZ
HB11-025 96.0 129.0 33.0 24.8 0.48 tr PZ
incl. 98.8 103.2 4.4 3.3 1.11 0.11 PZ
incl. 121.5 124.5 3.0 2.3 1.13 tr PZ
HB11-029 118.0 134.9 16.9 12.7 1.60 0.15 PZ
incl. 124.7 130.9 6.2 4.7 3.48 0.37 PZ
and 144.9 161.7 16.8 12.6 0.54 tr PZ
incl. 153.9 157.3 3.4 2.6 1.20 tr PZ
HB11-030 assays pending         PZ
HB11-031 assays pending         PZ
HB11-032 assays pending         PZ
HB11-033 assays pending         PZ
HB11-034 assays pending         PZ
HB11-035 assays pending         PZ
Hanging Wall/Mine Zone
HB11-026 assays pending         HZ/MZ
HB11-027 assays pending         HZ/MZ
HB11-028 assays pending         HZ/MZ
HB-11-036W assays pending         HZ/MZ
(i)  Hanging Wall/Main zone holes are NQ core size; Pit Zone holes are BTW core size
(ii)  PZ = Pit Zone, HWZ = Hangingwall Zone and MZ = Mine Zone
incl. = including; tr = trace
 
 
Table 2: Collar Coordinates and Orientations of Drill Holes, Hope Brook Gold Project, June 6, 2011
 
Hole UTM   Mine Grid   Elev.
(i)
  Length   Az
(ii)
  Dip
(ii)
Hole Easting   Northing   Easting   Northing  
HB11-018 417754   5287557   11203   5024   5110   108.2   325   -45
HB11-019 417790   5287500   11200   4956   5116   210.0   325   -48
HB11-020 Hole abandoned                        
HB11-021 417804   5287568   11250   5005   5111   157.5   325   -50
HB11-022 417832   5287614   11300   5026   5112   192.9   325   -48
HB11-023 418225   5287639   11660   4816   5151   660.5   320   -65
HB11-024 417841   5287603   11302   5009   5107   178.0   318   -65
HB11-025 417893   5287614   11351   4989   5105   180.7   325   -47
HB11-026 418249   5287713   11699   4866   5143   476.7   322   -59
HB11-027 418249   5287713   11699   4866   5143   591.6   322   -67
HB11-028 418274   5287577   11640   4737   5168   794.4   325   -65
HB11-029 417946   5287627   11401   4969   5105   204.4   325   -45
HB11-030 417900   5287657   11381   5020   5109   214.3   325   -45
HB11-031 417981   5287578   11402   4909   5110   346.0   325   -48
HB11-032 417712   5287357   11053   4878   5116   279.0   325   -44
HB11-033 417669   5287499   11102   5023   5115   151.0   325   -45
HB11-034 417700   5287453   11100   5116   5116   197.3   325   -45
HB11-035 417647   5287378   11015   4939   5115   277.2   327   -67
HB11-036W 418103   5287492   11453   4769   5151   669.5   327   -67
(i)  Elevations have 5,000m added to actual measurements to conform to historical practice
(ii)  All measurements are in metres except Azimuth (Az) and Dip which are measured in degrees.

SAMPLING, ASSAYING AND QUALITY CONTROL

The core (NQ 47.6 mm and BTW 42.0 mm) is logged, photographed and then sawn in half with one-half sent to the laboratory for analysis and the other half retained and stored on site. All core samples were prepared and assayed at ALS Chemex with sample preparation done in Sudbury and analytical work in Vancouver. All locations of ALS Chemex are ISO 9001:2000 certified. The entire sample received is weighed and crushed to ≥ 70% passing 2mm (10 mesh); a sample split of up to 1000g is then pulverized to ≥ 85% passing 75 microns (200 mesh) to produce a homogenized sample. A 50g aliquot is used for fire assaying with an atomic absorption (AA) finish to determine gold concentration. Internal quality control includes the use of blanks, duplicates and standards in every batch of samples. The Company also conducts internal check assaying using certified external reference standards and blanks. Regular external check assays are performed at a second certified Canadian commercial laboratory. Castillian also inserts external reference standards as well as blank granite drill core in each sample batch as a further external check.

Mr. Dan Lee, P.Geo. Chief Geologist and Project Manager for Hope Brook and Dr. Bill Pearson, P.Geo., President and CEO of Castillian, both of whom are qualified persons as defined by National Instrument 43-101 ("NI 43-101"), have reviewed and approved the scientific and technical content of this press release. 

ABOUT CASTILLIAN

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" which has gold and base metal properties in Canada and South America. Castillian's flag ship property is the Hope Brook Gold Project located in southwestern Newfoundland where it is carrying out a 25,000 metre Diamond drill program.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Diamond drill program at the Hope Brook project and its anticipated results, the exploration program and anticipating timing and costs with respect to the exploration program and the completion of a NI 43-101 compliant resource estimate, future financial or operating performance of the Company, its subsidiaries and its projects, statements regarding exploration prospects, the identification of mineral reserves and resources, exploration expenditures, timing of future exploration, requirements for additional capital,. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the three figures associated with this press release, please visit the following link:

http://media3.marketwire.com/docs/ct_fgs_606.pdf

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Castillian Resources Corp.
Sabina Srubiski
Investor Relations Manager
+1 416-309-2957
ssrubiski@castillian.ca
or
Castillian Resources Corp.
Bill Pearson
President & CEO
+1 416-861-2968
info@castillian.ca
www.castillian.ca
Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All

Castillian Resources Corp.

EXPLORATION STAGE
CODE : CT.V
ISIN : CA1484043049
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Castillian Res. is a gold and cobalt exploration company based in Canada.

Castillian Res. holds various exploration projects in Argentina, in Bolivia, in Canada and in Tanzania.

Its main exploration properties are MANGABAL in Brazil, HOPE BROOK and PURE GOLD PROPERTY in Canada, SAN LUIS in Argentina and ACHACHUCANI (PEDERSON) in Bolivia.

Castillian Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.3 millions, € 1.1 millions).

Its stock quote reached its highest recent level on August 19, 2011 at CA$ 9.50, and its lowest recent point on February 13, 2015 at CA$ 0.01.

Castillian Res. has 56 940 000 shares outstanding.

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Annual reports of Castillian Resources Corp.
Annual Report 2006
Nominations of Castillian Resources Corp.
6/22/2011Appoints Two Independent Directors
Financials of Castillian Resources Corp.
5/2/2011CATCH THE WIND REPORTS YEAR-END FINANCIAL RESULTS FOR 2010
4/13/2011Re-Files September 30, 2010 Interim Financial Statements to ...
Project news of Castillian Resources Corp.
6/4/2013(Hope Brook)Ryan Gold Converts 10% Interest in Hope Brook Into Castillia...
1/17/2013(Hope Brook)Intersects 1.51 G Au/T Over 14.0 Metres in Connector Zone at...
11/1/2012(Hope Brook)Completes Acquisition of 100% Interest in Hope Brook Gold Pr...
6/28/2011(Hope Brook)to Complete Titan 24 Survey at Hope Brook, Newfoundland
5/30/2011(Hope Brook)Nickel Spin Out Starts Diamond Drill Program
4/26/2011(Hope Brook)Hope Brook Camp Connects to Newfoundland Power Grid
4/8/2011(Hope Brook)Intersects 2.78 Grams Gold Per Tonne Over 19.8 Metres in Pit...
3/25/2011(Hope Brook)Intersects 4.56 Grams Gold Per Tonne Over 8.9 Metres in Hang...
12/1/2010(Hope Brook)Confirms Near Surface Zone Extends 500 Metres Along Strike F...
Corporate news of Castillian Resources Corp.
6/25/2013and Ridgemont Iron Ore Announce Approval of Plan of Arrangem...
5/29/2013and Ridgemont Iron Ore Announce Interim Order, Shareholder M...
5/3/2013and Ridgemont Iron Ore Sign Definitive Agreement for Propose...
4/25/2013Adopts Advance Notice Policy
4/17/2013Strengthens Management Team With Justin Reid Appointed Execu...
4/11/2013and Ridgemont Iron Ore Announce Proposed Merger
2/15/2013to Implement Share Consolidation
2/6/2013Announces Completion of Option Obligations by Ryan Gold
12/11/2012(Hope Brook)Intersects 2.14 g Au/t and 0.45% Cu Over 29.6 Metres at Hope...
11/14/2012Sells Shares of Kibaran Resources for Proceeds of AUD 540,00...
10/24/2012Announces $2,000,000 Option Agreement With Ryan Gold
10/1/2012(Hope Brook)Hope Brook Indicated Mineral Resource Increases 102% to 590,...
9/19/2012Provides Corporate Update; Plans to Release Updated Mineral ...
7/14/2011Commences Exploration at Canadian Creek Property, Yukon
6/15/2011CATCH THE WIND TO HOLD FIRST QUARTER 2011 RESULTS CONFERENCE...
6/6/2011(Hope Brook)Intersects 1.60 Grams Gold Per Tonne Over 16.9 Metres in Nea...
5/16/2011CATCH THE WIND SIGNS SALES AGREEMENT WITH ILLINOIS INSTITUTE...
4/19/2011CATCH THE WIND TO HOLD FOURTH QUARTER 2010 RESULTS CONFERENC...
3/28/2011Global Acquires Remaining 30% Interest in Global Minerals Sl...
3/2/2011Announces $10 Million Bought Deal Private Placement of Commo...
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