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CASTLE MINERALS LIMITED Regulatory Filings 2018

Jun 4, 2018

64635_rns_2018-06-04_1eb23c16-6c43-445c-b6ff-d36c5ae0c87c.pdf

Regulatory Filings

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Visible Gold In Bulk Stream Sediment Concentrates

  • Gold panned from 5 of 15 bulk samples of stream sediments draining Mt Roe conglomerate at Coolyia Creek

  • Implies gold anomalism present within sections of Mt Roe Conglomerate which recent detailed mapping has confirmed extends for 4km strike

  • Gold panned from 5 of 12 bulk samples of stream sediments draining Hardey and Mt Roe conglomerates at Beasley Creek

  • Mapping and sampling merges Beasley West and Beasley Central prospects for a combined strike of 4.4km of prospective Hardey and Mt Roe conglomerates

  • Recent mapping and sampling confirms opportunity to identify in-situ gold occurrences within Castle’s Pilbara conglomerate-hosted gold projects

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ASX & Media Release

5th June 2018

ASX: CDT

Suite 2 / 11 Ventnor Ave West Perth WA 6005

PO Box 437 West Perth WA 6872 Tel: +618 9322 7018

ACN 116 095 802

www.castleminerals.com [email protected]

Registered Office:


Castle Managing Director, Stephen Stone said “ Anomalous gold in bulk samples collected from seasonal streams draining and immediately below the Mt Roe and Hardey conglomerate horizons at its Coolyia Creek and Beasley Creek projects and the addition of visible gold in panned concentrates from these is another very encouraging development”.

“With the prospective conglomerates extending over many kilometres at both projects, this recent sampling and the accompanying detailed mapping will enable Castle to better define localities for eventual bulk sampling of the conglomerates themselves for in-situ gold mineralisation ”.


Suite 5 / 95 Hay Street Subiaco WA 6008

Capital Structure:

Quoted Shares: 221.8M 3c Options: 6M

Board:

Michael Atkins Chairman

Stephen Stone Managing Director

Ian Hobson Non-Executive Director and Company Secretary

Castle Minerals Limited (“Castle” or “the Company”)(ASX: CDT) advises that recent sampling programmes completed at its Pilbara region Coolyia Creek and Beasley Creek gold projects has recovered fine-grained gold in panned concentrates from bulk sediment samples collected from streams draining mapped conglomerate horizons. Detailed mapping has also better defined the location of the prospective Mt Roe and Hardey Formation conglomerate horizons across both projects.

These horizons are considered to be the most likely hosts for the widely sought ‘Witwatersrand style’ paleo-placer gold mineralisation in the Pilbara region ( refer Castle ASX releases 16th April, 21st February and 29th January 2018; 20th December, 23rd November and 13th November 2017 ).

Page 1 of 12

Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Photo 1: Feeding stream sediment sample Photo 2: Gold in panned concentrate into the field portable super-concentrator

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Coolyia Creek

At Coolyia Creek, 15 x 15kg stream sediment samples from seasonal streams draining the target Mt Roe unconformity surface were processed using a field-portable super-concentrator ( Photo 1 ). Panning of the sample concentrates returned fine-grained visible gold from five of the sample sites.

Sample splits (2kg) of all concentrates were submitted to a laboratory for bottle roll cyanide extractable gold analysis with three samples returning highly anomalous (>100ppb Au) results to a maximum of 144ppb Au (Table 1).

This implies the presence of gold anomalism within sections of Mt Roe Conglomerate which recent detailed mapping by Castle has also confirmed now extends for 4km at Coolyia Creek.

The anomalous southern area, where three of the concentrate samples returned visible finegrained gold, is of particular interest as mapping has shown the Mt Roe Conglomerate in this area (whilst also noting that the general stratigraphy is fairly flat dipping) to have an apparent surface exposure of up to 300m width (Photo 1. Figure 1).

Visual gold was also identified in bulk sample concentrates obtained from the sampling of two separate streams draining the unconformity in the northern part of the project area. This gold may derive from the Mt Roe conglomerate overlying the unconformity but could also be sourced from gold in the underlying older Archean basement rocks where prospector scrapings have been observed.

Mapping at Coolyia Creek has actually identified two distinct Mt Roe conglomerate units. A lower conglomerate horizon comprises pebble to cobble sized clasts of basalt, granite and quartz immediately on the unconformity contact with the older Archean basement. The apparent surface exposure of this conglomerate varies between 50m – 300m wide. A thin interflow unit of basalt has also been mapped within this conglomerate. An upper and overlying conglomerate is composed of cobble to boulder sized clasts of granite in a quartz-feldspathic sand matrix.

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Beasley Creek

At Beasley Creek, the prospective unconformity between the older Archean basement and the overlying Fortescue Group stratigraphy has now been mapped in reasonable detail over an eastwest strike of 16km (Figure 2).

Castle has previously reported the recovery of 62 small gold nuggets proximal to the Mt Roe and Hardey conglomerates that sit above much of the unconformity surface. Four broad prospect areas have been defined.

At Beasley Central, historical alluvial and eluvial gold mining of material overlying Hardey conglomerate is evident. Drilling by previous licence holders has returned a *4m intercept grading 11.4g/t Au (RRC15) in rocks straddling the unconformity contact ( refer ASX release dated 20th December 2017 and the included Table 1 and Appendix 1 and 2)

Recently completed work collected twelve stream sediment samples from seasonal streams and small creeks draining the Mt Roe and Hardey unconformity at and between the Beasley West and Beasley Central prospects and also at Beasley East. No stream sediment samples were collected from the Beasley Central prospect itself as it has been heavily disturbed and ‘contaminated’ by previous mining activities.

These samples were also processed using the field portable super-concentrator with panning returning visible fine-grained gold in five of the samples.

Sample splits (2kg) of all concentrates were submitted to a laboratory for bottle roll cyanide extractable gold analysis with most samples returning varying levels of anomalism up to a maximum value of 166ppb Au (BSC001). This maximum assay result corresponds to a panned sample returning visual fine-grained gold at the 3km striking Beasley West target area. The sample came from one of eight streams draining conglomerates where the Company’s earlier metal detecting operations had recovered small nuggets.

It is also now apparent from this work that the Beasley Central and Beasley West prospects comprise a single 4.4km highly prospective zone of conglomerates. This zone will become a key focus of future exploration campaigns.

At Beasley East, visual gold was returned from one stream sediment sample with bottle roll assays generally lower than those seen at Beasley West.

Routine rock chip sampling across both project areas returned minimal gold values. It is recognised that given the expected nuggety nature of the mineralisation being sought, and having reviewed the work of other companies in the region, this is not considered to be an effective exploration tool and that considerably larger bulk hard rock samples are required.

NB: The results of the super-concentrator sluicing and panning operation are qualitative in nature and do not provide a reliable analytical result. These serve only to provide a preliminary indication of the presence or absence of visible gold in the field and to enable geologists to vector towards the primary source of gold.

*The historical drilling results referred to above were obtained by previous explorers. Information pertaining to the drilling, sampling and assaying techniques has been extracted from reports lodged in 1998 with Geological Survey of Western Australia (GSWA). Castle personnel have located and verified in the field the collar positions of the referred to holes.

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Figure 1: Coolyia Creek mapped geology and recent sampling

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Figure 2: Beasley Creek Western and Central targets geology and sampling

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Stephen Stone Managing Director [email protected] 0418804564

About Castle Minerals Limited

Castle Minerals is listed on the Australian Stock Exchange (ASX: CDT) and headquartered in Perth, Western Australia. In addition to its interest in the Coolyia Creek and Beasley Creek possible ‘Witwatersrand-style’ conglomerate-hosted gold projects in the Pilbara region of Western Australia, it has a large contiguous tenure position in the Upper West region of Ghana, West Africa, a country with a long history of gold exploration and mining. Its Ghana licence holdings encompass large tracts of highly prospective Birimian geological terrane, the host to many of West Africa’s multi-million-ounce gold mines. All of Castle’s ground in Western Australia and Ghana, whilst at a relatively early stage of exploration, presents a number of compelling targets that offer considerable opportunities for discoveries.

Cautionary Statement

The Coolyia Creek and Beasley Creek Projects are considered to be of early stage, grass roots exploration status. No Competent Person has done sufficient work in accordance with JORC Code 2012 to conclusively determine if gold is actually consistently present in conglomerates on the licences or to estimate in what quantities it occurs. In each case the general integrity of mapping by the GSWA has been confirmed and has then been refined by mapping by Castle’s geologists. It is possible that following further evaluation and/or exploration work that the confidence in the information used to identify and acquire interests in the areas of interest in the Pilbara may be reduced when reported under JORC Code 2012.

Competent Persons Statement

The scientific and technical information in this Report that relates to the geology of the deposits and exploration results is based on information compiled by Mr Stephen Stone, who is an Executive Director of Castle Minerals Limited. Mr Stone is a Member of the Australian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Stone is the Qualified Person overseeing Castle’s exploration projects and has reviewed and approved the disclosure of all scientific or technical information contained in this announcement that relates to the geology of the deposits and exploration results.

Forward Looking Statement

Statements regarding Castle’s plans, forecasts and projections with respect to its mineral properties and programmes are forward-looking statements. There can be no assurance that Castle’s plans for development of its mineral properties will proceed as currently expected. There can be no assurance that Castle will be able to confirm the presence of Mineral Resources or Ore Reserves, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of Castle’s mineral properties. The performance of Castle may be influenced by a number of factors which are outside the control of the Company, its Directors, staff or contractors.

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Location and assay results of stream samples collected at Coolyia Creek and Beasley Creek

Project Sample
ID
East North Mesh
Size
Visible
Gold
Present
Au ppb
Bottle
Boll
Au ppb
Tails
Coolyia Creek CCSS01 763475 7630439 -2mm No 9.95 0.06
CCSS02 763532 7630308 -2mm No 69.50 -0.5
CCSS03 763506 7630544 -2mm No 3.97 -0.5
CCSS04 763674 7630533 -2mm Yes 1.02 -0.5
CCSS05 763696 7630484 -2mm Yes 144.00 0.60
CCSS06 763650 7630330 -2mm No 70.50 -0.5
CCSS07 763868 7630567 -2mm No 109.00 0.07
CCSS08 763818 7630644 -2mm No 9.83 -0.5
CCSS09 764233 7630821 -2mm No 8.54 -0.5
CCSS10 764190 7630573 -2mm Yes -0.01 -0.5
CCSS11 764289 7631546 -2mm No 0.76 -0.5
CCSS12 764258 7631637 -2mm No 0.13 -0.5
CCSS13 764229 7631768 -2mm Yes 8.34 -0.5
CCSS14 764212 7631963 -2mm Yes 135.00 0.15
CCSS15 764188 7642307 -2mm No 1.42 -0.05
Beasley West BCSS01 532748 7483744 -2mm Yes 166.00 0.07
BCSS02 532262 7483686 -2mm Yes 2.38 -0.05
BCSS03 534312 7483507 -2mm No 14.00 0.05
BCSS04 534040 7483483 -2mm No 15.20 -0.05
BCSS05 534602 7483501 -2mm No 6.67 0.07
BCSS06 534801 7483424 -2mm Yes 25.70 -0.05
BCSS07 535046 7483323 -2mm Yes 27.30 -0.05
BCSS08 535118 7483278 -2mm No 9.72 -0.05
Beasley East BCSS09 537981 7482691 -2mm No 0.53 -0.05
BCSS10 543240 7481010 -2mm No 1.41 -0.05
BCSS11 543147 7481077 -2mm No 1.86 0.06
BCSS12 542859 7481329 -2mm Yes 7.82 -0.05

JORC Code, 2012 Edition – Table 1

Section 1: Sampling Techniques and Data

Criteria JORC Code explanation Certified Person Commentary
Sampling
techniques
Nature and quality of sampling (e.g. cut channels,
random chips, or specific specialised industry
standard measurement tools appropriate to the
minerals under investigation, such as down hole
gamma sondes, or handheld XRF instruments,
etc). These examples should not be taken as
limiting the broad meaning of sampling.
Stream sediment samples were collected from streams
draining
areas
downstream
from
prospective
conglomerate beds.

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Include reference to measures taken to ensure
sample
representivity
and
the
appropriate
calibration of any measurement tools or systems
used.
Stream sediment samples were collected from the base
of the stream bed by digging. Sample material was
sieved to - 2mm to remove coarser material.
Approximately 15 kg of sieved material was collected at
each trap site for processing.
Aspects of the determination of mineralisation that
are Material to the Public Report.
The stream sediment sample technique identifies the
presence or absence of physical gold in the sample.
The inference being that if gold is identified it would
indicate bedrock source upstream from where the
sample was collected.
Gold mineralisation in both areas is expected to be
particle gold.
In cases where ‘industry standard’ work has been
done this would be relatively simple (eg ‘reverse
circulation drilling was used to obtain 1 m samples
from which 3kg was pulverised to produce a 30g
charge for fire assay’). In other cases more
explanation may be required, such as where there
is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation
types (e.g. submarine nodules) may warrant
disclosure of detailed information.
The stream sediment sample collection method is
industry standard. The samples were processed using
a portable wet sluice to produce a concentrate. This
concentrate was panned off to reveal recovered gold.
The company employed field personnel with experience
operating similar equipment in order to ensure accurate
results were obtained.
A subsample of the bulk stream sediment sample was
collected for laboratory analysis.
Drilling
techniques
Drill type (eg core, reverse circulation, open-hole
hammer, rotary air blast, auger, Bangka, sonic,
etc) and details (eg core diameter, triple or
standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is oriented
and if so, by what method, etc).
No drilling undertaken
Drill sample
recovery
Method of recording and assessing core and chip
sample recoveries and results assessed.
No drilling undertaken
Measures taken to maximise sample recovery and
ensure representative nature of the samples.
Not applicable
Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.
Not applicable
Logging Whether core and chip samples have been
geologically and geotechnically logged to a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.
Geological mapping was used to identify prospective
conglomerate horizons was used to select streams
suitable for sampling.
Whether logging is qualitative or quantitative in
nature.
Core
(or
costean,
channel,
etc)
photography.
Geological mapping is semi quantitative in that it relies
on exposure of outcrops to direct the geologist to areas
of interest
The total length and percentage of the relevant
intersections logged.
Not applicable
Sub-
sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter,
half or all core taken.
Not applicable
If non-core, whether riffled, tube sampled, rotary
split, etc and whether sampled wet or dry.
The subsample from the bulk stream sediment sample
was collected by PVC tube sampling through the sieved
and homogenized bulk sample.
For all sample types, the nature, quality and
appropriateness
of
the
sample
preparation
technique.
The entire bulk sample was processed through the field
concentrator and panned off.

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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The entire subsample was bottle roll leached. After
bottle roll analysis the residue was washed, pulverised,
and a 50 gm subsample was taken for fire assay.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
No specific quality control measures were adopted for
the subsampling of the bulk stream sediment samples.
The process was undertaken by experienced personnel
in the field.
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including
for
instance
results
for
field
duplicate/second-half sampling.
No field duplicates were collected in the field.
Whether sample sizes are appropriate to the grain
size of the material being sampled.
Due to the coarse nature of the gold, sample size is
important to obtain a representative sample of the
material to be tested. No work has been undertaken on
the appropriate sample size however 15 kg samples are
being collected by other companies undertaking similar
exploration in the area.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
A 2 kg subsample from the bulk stream sample was
collected for laboratory analysis. The sample was bottle
rolled with the aliquant analysed for cyanide soluble
gold. In addition, after bottle roll testing the sample was
washed in acid, dried, pulverised and fire assayed for
gold. This two stage process is considered appropriate
to test for both cyanide soluble gold as well as particle
gold that may not dissolve in the cyanide solution
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
No geophysical surveys undertaken
Nature of quality control procedures adopted (e.g.
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of
accuracy (i.e. lack of bias) and precision have
been established.
No externa duplicates or blanks were submitted.
Standard internal laboratory checks were in place.
Verification
of sampling
and assaying
The verification of significant intersections by
either
independent
or
alternative
company
personnel.
Due to the early stage of exploration and the type of
work completed to date, no independent verification or
assaying has been undertaken.
The use of twinned holes. No applicable
Documentation of primary data, data entry
procedures,
data
verification,
data
storage
(physical and electronic) protocols.
Not applicable
Discuss any adjustment to assay data. No applicable
Location of
data points
Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches,
mine workings and other locations used in Mineral
Resource estimation.
The sample locations were recorded from a hand-held
GPS. Accuracy is approximately +/- 2 m, and locations
compared with recent color aerial photography
Specification of the grid system used. GDA94 zone 50 projection
Quality and adequacy of topographic control. The combination of aerial photography and GPS
readings are considered sufficiently accurate for the
stage of exploration.
Data spacing for reporting of Exploration Results. The sample spacing is non -systematic and is dictated
by the surface topography.

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Data spacing
and
distribution
Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource
and
Ore
Reserve
estimation
procedure(s) and classifications applied.
The samples are of a reconnaissance nature, and are
spaced sufficiently across the target to provide a first
pass indication of the potential of the target area.
Whether sample compositing has been applied. By nature, stream sediment samples are considered
composite samples.
Orientation
of data in
relation to
geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.
The
stream
sediment
sampling
program
was
concentrated in areas that were draining areas
downslope from mapped conglomerate units.
The deposit style being explored for is not well
understood. Further detailed work will be required
before determining the optimum orientation of samples
If the relationship between the drilling orientation
and the orientation of key mineralised structures is
considered to have introduced a sampling bias,
this should be assessed and reported if material.
Not applicable
Sample
security
The measures taken to ensure sample security. Samples were collected by contract geological
personnel employed by the company. Samples were
placed in labeled plastic bags and held securely by the
field crew until the material was processed in the field.
The concentration and panning was undertaken by field
personnel familiar with the equipment or similar
equipment and overseen by a geologist.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data.
No audits have been completed as yet.

Section 2: Reporting of Exploration Results

Criteria JORC Code explanation Certified Person Commentary
Mineral
tenement
and land
tenure status
Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.
Details of the tenements are:
Coolyia Creek
E45/4965, E45/4975.
Castle Minerals have acquired a 80% interest in
the title from the current registered holders -refer
ASX announcement 13/11/2017 “Mt Roe and
Hardey Conglomerates confirmed at Coolyia
Creek”
Current registered holders are free carried to
decision to mine and hold alluvial prospecting rights
Beasley Creek
E47/3490
Castle Minerals has acquired a 80% interest in the
tenement from the current registered holder – refer
ASX announcement 21/2/2018 “Beasley Creek
Prospectivity Enhanced“
Current registered holder is free carried to decision
to mine and hold alluvial prospecting rights
The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a license to operate in the area.
All three titles have been granted, and are in good
standing with the Department of Mines Industry
Regulation and Safety
Exploration
done by
other parties
Acknowledgment and appraisal of exploration by
other parties.
Coolyia Creek. Previous exploration work has
been restricted to regional scale exploration
programs mainly for diamonds. There is evidence
of prospector scale detecting for gold within the
tenements. No drilling has previously been
completed on the tenement

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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Beasley CreekPrevious exploration for gold,
nickel, PGE, and iron ore has been undertaken on
the tenement. In addition, scraping and treatment of
alluvial material overlying the Beasley Central
Prospect conglomerate has been completed. RC
drilling on the Beasley Central conglomerate has
also been undertaken. Former holders of the
tenement have released results of the drilling on the
ASX.
Geology Deposit type, geological setting and style of
mineralisation.
The mineralisation targeted by the company is
paleo – placer style conglomerate hosted gold.
Within the Pilbara this style of mineralisation is
currently not well understood.
Mineralisation appears to be particular gold that
accumulates on the unconformity surfaces within
sedimentary sequences within the Mount Roe
Basalt or Hardey Formation. Controls on the
concentration of gold on the unconformity surfaces
are poorly understood at the current time. There are
a number of historical and recent gold occurrences
of this style of mineralisation recorded in the
Pilbara, and recent exploration by a number of third
parties in the area is on going
Drill hole
Information
A summary of all information material to the
understanding of the exploration results including
a tabulation of the following information for all
Material drill holes:
oeasting and northing of the drill hole collar
oelevation or RL (Reduced Level –
elevation above sea level in metres) of the
drill hole collar
odip and azimuth of the hole
odown hole length and interception depth
ohole length.
There has been no previous drilling on the Coolyia
Creek Project
At Beasley Creek RC drilling has been previously
undertaken on the Beasley Central Prospect. The
results of the drilling have been previously reported
to the ASX.
If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the case.
The current program explored areas of the Beasley
Creek Project not tested by the earlier exploration
work
Data
aggregation
methods
In reporting Exploration Results, weighting
averaging techniques, maximum and/or minimum
grade truncations (e.g. cutting of high grades) and
cut-off grades are usually Material and should be
stated
The results released in this report relate to the
discovery of alluvial gold.
No weighting or averaging techniques have been
applied
Where aggregate intercepts incorporate short
lengths of high grade results and longer lengths of
low grade results, the procedure used for such
aggregation should be stated and some typical
examples of such aggregations should be shown
in detail.
Not applicable
The assumptions used for any reporting of metal
equivalent values should be clearly stated.
Not applicable
Relationship
between
mineralisatio
n widths and
intercept
lengths
These relationships are particularly important in
the reporting of Exploration Results.
No mineralisation widths have been measured or
implied.
If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
be reported.
Not applicable
If it is not known and only the down hole lengths
are reported,there should be a clear statement to
Not applicable

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Castle Minerals Limited: Coolyia Creek and Beasley Creek steam sediment sampling – June 2018

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this effect (eg ‘down hole length, true width not
known’).
Diagrams Appropriate maps and sections (with scales) and
tabulations of intercepts should be included for
any significant discovery being reported These
should include, but not be limited to a plan view of
drill hole collar locations and appropriate sectional
views.
Geological maps and photographs are presented in
the body of the report
Balanced
reporting
Where comprehensive reporting of all Exploration
Results
is
not
practicable,
representative
reporting of both low and high grades and/or
widths should be practiced to avoid misleading
reporting of Exploration Results.
All results of the gold panning and geochemical
analysis have been reported
Other
substantive
exploration
data
Other exploration data, if meaningful and material,
should be reported including (but not limited to):
geological observations; geophysical survey
results; geochemical survey results; bulk samples
– size and method of treatment; metallurgical test
results; bulk density, groundwater, geotechnical
and rock characteristics; potential deleterious or
contaminating substances.
Geological descriptions of key rock units are
provided in the report
Further work The nature and scale of planned further work (e.g.
tests for lateral extensions or depth extensions or
large-scale step-out drilling).
Further bulk stream sediment sampling will be
required at both projects prior to identifying areas
suitable for a larger bedrock bulk sampling
programme.
Diagrams clearly highlighting the areas of
possible extensions, including the main geological
interpretations and future drilling areas, provided
this information is not commercially sensitive.
Refer to diagram in body of the report

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