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Castle Peak commences follow-up on drill program on high grade Apankrah target

Thursday, Nov 15, 2012

Castle Peak Mining Ltd. ("Castle Peak" or the "Company") (TSX VENTURE:CAP), is pleased to announce it has commenced an 1,100 metre ('m') follow up drill program on its high grade Apankrah target at the Company's Akorade Project in the southern Ashanti belt, Ghana, Africa (see Figure 1 Apankrah Target, Akorade Project Location Map). The program will encompass four to five holes, with the first two holes targeting down dip and down plunge of drill hole NKDDH022 announced in August, which returned (uncut) 80 grams per tonne ('g/t') gold ('Au') across the 6.0m mineralized structural zone within a 17m intersection of lower grade gold mineralization. Other drill holes that define the high grade shoot include 10.0m of 6.7 g/t Au and 9.8m of 6.8 g/t Au from holes NKDDH017 and NKDDH018 respectively.

Darren Lindsay, President and CEO, stated, "We are very excited to be working towards the further definition of a significant high grade discovery at Apankrah. Given its close proximity to several low grade producers, the Apankrah Target may be the anchor point we have been looking for to begin our resource growth.

The Company completed 3,000m of drilling in 2012 to partially define the Apankrah Shoot, a steeply plunging high grade shoot with a strike length averaging over 100m and increasing with depth and a down plunge/dip extent of over 200m and remains open (see Figure 2 Apankrah Shoot Longitudinal Section). This high grade shoot is located within the auriferous Apankrah structure which has a known strike length of greater than 350m and is open in all directions.

Source: Marketwire

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