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Colorado Resources Discovers Porphyry Cu-Au-Mo System at Castle Property in BC

Mining News - Published on Fri, 13 Dec 2019

Image Source: Colorado Resources Castle Property
Colorado Resources Ltd announced assay results for the first four holes ever drilled at the Castle East porphyry copper-gold-molybednum target, as well as surface sampling and geophysical results from several other exciting new prospects on the greater Castle property. The 192.7 km2 Castle Property is located in the Red Chris mining district of the Golden Triangle of northwestern British Columbia. It adjoins the Tatogga property of GT Gold Corp, which hosts the new Saddle North Cu-Au and Saddle South Au-Ag deposits. Company CEO Mr Joseph Mullin said “We are very pleased with our progress at Castle. While we started late in the season, our fall 2019 exploration work has been successful in identifying several exciting new porphyry and vein targets that we look forward to following up next year."

Promising results from Colorado's 2019 fall program include

Porphyry-style mineralization was discovered at Castle East: Three of four holes intersected broad Cu-Au-Mo values in what is thought to be the the pyritic outer shell of a porphyry system. DDH CAE19-01 intersected 14.9 m grading 0.10% Cu and 0.52 g/t Au. o DDH CAE19-02 intersected 248.2 m grading 0.07% Cu, including 22.8 m grading 0.15% Cu and 53 ppm Mo.

At the CGZ prospect, two vein trends, 2.2 and 2.7 km long, have been outlined with up to 5.73% Cu, 7.83 g/t Au and 145 g/t Ag in grab samples.

At the Castle Central prospect, grab samples of veins up to 30 cm wide returned up to 33.2 g/t Au, 9.82% Cu, 282 g/t Ag, and 3.36% Zn.

At the new Moat target, anomalous Au and pathfinder values were outlined in soil samples, only 350 m from the Saddle South Au-Ag deposit of GT Gold.

The Castle South chargeability anomaly has been outlined over 650 m x 2100 m area, and is open to east and west.

Source :

Posted By : Arun Huidrom on Fri, 13 Dec 2019
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