Castle Peak launches 2012 Ghana exploration programme

6 June 2012 (Last Updated June 6th, 2012 18:30)

Castle Peak Mining has launched a 2012 exploration programme for the Akorade Project in Ghana, Africa, which will focus primarily on confirming the geometry of the potential high grade shoot and shift to evaluating shoot expansion potential.

Castle Peak Mining has launched a 2012 exploration programme for the Akorade Project in Ghana, Africa, which will focus primarily on confirming the geometry of the potential high grade shoot and then on to evaluating shoot expansion potential.

The company said the initial follow-up drilling has started on the higher grade Apankrah target, following which it will move to evaluate exploration targets identified on parallel and link structures.

Based on the confirmed Apankrah geometry, further exploration targets have been identified on parallel and link structures, such as the Nana and Scorpio targets.

Castle Peak Mining president and chief executive officer Darren Lindsay said that the initial follow up programme will give further indications of resource potential for the Apankrah, Nana, and Scorpio targets.

"Additional phase I targets are being generated around the Dansuom target, the Asuogya-Ayiem trend and initial field work is occurring on areas such as Great Yorkshire and Dompem," said Lindsay.

"All activities are progressing well for Castle Peak and should allow us to start unlocking new resource potential on the southern Ashanti Belt."

The company is currently conducting the programme on two fronts; the first one includes mapping, prospecting, line cutting, sampling, trenching and geophysical surveys within key structural corridors for target generation

The second front comprises a drill evaluation programme split between initial target testing in the first phase and high potential follow-up drilling in the second phase.

Within the Akorade Project, the company has completed initial passes of reconnaissance on all nine concessions, and also prioritised additional field activities for target development on the Dompem, Great Yorkshire, Asuogya-Ayiem and POW concessions.

A potential resource definition drilling programme is expected to be started at the project by 2012 end.