Business news

Redcastle Resources (ASX:RC1) plans drilling program at Queen Alexandra and Redcastle Reef Projects

Article Image

Redcastle Resources announced plans for a reverse circulation drilling campaign totalling 7,970m at its Queen Alexandra and Redcastle Reef projects.

The drilling is scheduled to commence in October, pending the availability of necessary rigs and services.

The program includes 1,500m at Queen Alexandra Extension, 750m of deep drilling at Redcastle Reef, 3,000m for Redcastle Reef Infill, and 2,720m for Queen Alexandra Infill.

Additional preparations are underway for submitting a mining proposal and discussions with contractors for custom milling.

Management highlighted the importance of these drilling activities.

"Following the recent successful completion of the diamond drilling program at Queen Alexandra, RC1 is pleased to announce a proposed RC program of 7,970m to be carried out at Queen Alexandra and Redcastle Reef."

The company will also extend current programs of work over Queen Alexandra and Redcastle Reef, along with submitting new PoWs for prospective areas for potential drilling in early 2025.

Further exploration will leverage advanced geophysical methods to better understand the deeper gold extensions in the tenement belt.

The Redcastle Project is located approximately 58km east-southeast of the Gwalia Gold Mine in the Leonora-Laverton area, known for its multimillion-ounce gold deposits.

Redcastle Resources is an Australia-based gold and mineral resources exploration company. The company is focused on pursuing success at the 100% owned Redcastle Gold Project.

The Redcastle Gold Project covers a prospective area of 1,088 hectares, surrounding the locality of the historical Redcastle Mining Centre within the Mt Morgans District of the Mt Margaret Mineral Field of Western Australia, approximately 60km east of Leonora and 60 km west of Laverton in the North-eastern Goldfields.

At the time of reporting, Redcastle Resources’ share price was $.015.

Disclaimer
Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.
Publisher
Grafa