Castillian Resources

Castillian drills 0.78% Ni, 0.50 Cu at Las Aguilas


2007-10-10 08:32 ET - News Release

Mr. David Gower reports

CASTILLIAN INTERSECTS 60.87 METERS GRADING 0.78% NICKEL, 0.50% COPPER INCLUDING 12.6 METERS GRADING 1.19% NICKEL, 0.75% COPPER AND SIGNIFICANT PGM NEAR SURFACE AT LAS AGUILAS, ARGENTINA

Castillian Resources Corp. has released additional assay results from drilling at the Las Aguilas nickel-copper-PGE deposit (see news release in Stockwatch dated Sept. 17 for previously released drill results).

Assays for five holes are listed in the mineralized intercepts from the Las Aguilas East deposit table, including hole LA07-004 which intersected 60.8 metres grading 0.78 per cent nickel, 0.50 per cent copper, 0.05 per cent cobalt, including 12.6 metres grading 1.19 per cent nickel, 0.75 per cent copper and 0.07 per cent cobalt (see the Las Aguilas East deposit table).

In addition, very interesting results are noted in drill hole LA07-014, which intersected 10.2 metres grading 0.58 per cent nickel, 0.38 per cent copper, 0.03 per cent cobalt, and high precious metal values of 0.56 gram per tonne (g/t) platinum, 0.54 g/t palladium and 0.27 g/t gold (1.37 g/t Pt+Pd+Au), which suggests potential for an excellent precious metal byproduct credit. Drill hole LA07-013 also intersected two significant intervals with greater than 1.0 g/t Pt+Pd+Au (Las Aguilas East deposit table).

Quelle: stockwatch

Gestern übrigens sehr positive Erwähnung bei RSR...
Sollte bald wieder ein Aufschwung erfolgen!!

;-))

David Gower, PGeo, president and chief executive officer of Castillian, stated: "The delineation drilling on the Mangabal South deposit demonstrates good continuity and mineralization now extends 450 metres down the plunge of the zone. The deposit remains open down plunge to the southwest and has been tested to a shallow vertical depth of only approximately 165 metres from surface. The company is commencing the resource calculation with an independent contractor and is targeting having an initial National Instrument 43-101 resource estimate by year-end. Given the current back log of pending assay data which totals 26 drill holes presently, the resource estimate may be delayed by several weeks while waiting for assays."

Assay results for five recently drilled holes from the Mangabal South deposit including holes CRMS-07-041 and CRMS-07-045 are summarized in the following table and locations are shown in longitudinal section attached (see news issued in Stockwatch dated May 16, April 24, July 4, July 24, Sept. 18 and Oct. 4, 2007, for previously released drill results).


                                                  True    Ni    Cu     Co
Hole        Azim Dip  Depth   From     To  Width  width     %     %      %

CRMS-07-041    0  90    130  65.70  91.40  25.70  16.71  0.51  0.24   0.02
incl                         73.95  79.50   5.55   3.61  0.94  0.47   0.03
incl                         77.05  79.50   2.45   1.59  1.21  0.59   0.04
CRMS-07-042  315  45 259.00 211.55 231.00  19.45  19.45  0.40  0.29   0.01
incl                        211.55 216.00   4.45   4.45  0.62  0.43   0.02
CRMS-07-045    0  90 125.00  59.00  97.50  38.50  25.03  0.64  0.34   0.02
incl                         66.30  86.30  20.00  13.00  0.91  0.44   0.03
incl                         66.30  69.45   3.15   2.05  1.06  0.64   0.03
and                          76.45  86.30   9.85   6.40  1.32  0.43   0.04
incl                         76.45  82.50   6.05   3.93  1.65  0.45   0.06
CRMS-07-047  315  80  80.25  18.25  44.10  25.85  19.90  0.56  0.14   0.02
incl                         29.65  40.55  10.90   8.39  0.79  0.18   0.03
incl                         29.65  33.60   3.95   3.04  1.22  0.28   0.04
and                          37.95  40.55   2.60   2.00  1.22  0.29   0.05
CRMS-07-050  315  45 200.00 177.00 187.50  10.50  10.50  0.55  0.31   0.01
incl                        184.00 187.00   3.00   3.00  0.91  0.50   0.02

Assays are currently pending for 26 additional drill holes on the Mangabal South deposit and will be reported as results become available. Castillian is currently drilling with two drill rigs on the Mangabal South deposit.

Quality control

The company employs a QA/QC protocol on all aspects of the analytical procedures. Core samples are sawn and one half of the NQ core is restored to the core box for future reference and one half of the core is sent for analysis. Samples are taken in approximately 1.0-metre intervals or less. Sample preparation is completed at the SGS Lakefield preparation lab in Goiania, Brazil, and assayed at ALS-Chemex lab in Vancouver, Canada, or SGS Lakefield Lab in Belo Horizonte, Brazil, using multiacid digest/ICP-AES and AAS techniques. A blank sample is inserted every 40th sample and standard samples representing a range of grades are inserted at intervals of one in 20 samples. Five per cent of pulps are reanalyzed at SGS Laboratory Services in Belo Horizonte, Brazil, or ALS Chemex Lab in Vancouver, Canada. This is the same QA/QC protocol that was employed by Falconbridge (now Xstrata) in operating the project.

The quality control and all aspects of the exploration program is supervised by Castillian exploration manager, Joel Hrominchuk, PGeo, who is a qualified person as defined under National Instrument 43-101. Mr. Hrominchuk has reviewed the scientific and technical information in this press release.

David Gower, PGeo, president and chief executive officer of Castillian, and a qualified person as defined by National Instrument 43-101 has reviewed the content of this release.

We seek Safe Harbor.

Quelle: stockwatch

"...The company is commencing the resource calculation with an independent contractor and is targeting having an initial National Instrument 43-101 resource estimate by year-end..."

Das kann man sich ruhig auf der Zunge zergehen lassen - wird noch eine schöne Party bis Ende des Jahres werden!

;-))  

Danielle Giovenazzo, PhD, P.Geo., Exploration Manager for Castillian said; "More than half of the drill holes completed to date have assays pending, however it is very encouraging that we are intersecting well mineralized ultramafic rocks outside of the area that was drilled by previous workers and that the deposits both remain open at depth and along strike. We have learned a lot about the mineralization since commencing the program in July and this is helping us better target the ongoing drilling."

Since the program started in early July a total of 56 drill holes totalling 8,755 meters of drilling have been completed, of which assay results have only been received for 24 drill holes. Thirty two (32) drill holes have assays pending and these will be reported on a continual basis as the data is received. The project is on track and it is expected that an initial, independent, NI 43-101 compliant resource estimate will be completed by year-end. Turn around time for assay results has been much longer than expected due to high volumes at the laboratories, so it is possible completion of the resource estimate could be delayed for several weeks due to pending assay results. It is possible that the deposit will not be closed off at the end of this drill campaign.

The Las Aguilas Deposit contains a historical resource of 2.2 million tonnes grading 0.52 % Ni, 0.51 % Cu and 0.04 % Co at a 0.3% Ni cut-off grade. The resource occurs in two sulfide deposits (Las Aguilas East and West Deposits), as defined by Fabricaciones Militares in 1986, which intermittently carried out various geological, geophysical and surface drilling exploration campaigns from 1972 until 1986. This resource estimate has not been confirmed by Castillian and predates the establishment of NI 43-101 standards and is provided for information only. Las Aguilas is located 40 km NE of the city of San Luis and about 200 km East of city of Mendoza and is an option - joint venture with Marifil Mines Ltd. (TSX:MFM - News; see press release dated March 5, 2007).

Quality Control

The company employs a diligent QA/QC protocol on all aspects of the analytical procedures. Core samples are sawn and one half of the NQ core is restored to the core box for future reference and one half of the core is sent for analysis. Samples are taken in approx. 1.0 -metre intervals or less when in the mineralized zone, and at 1.5 metres or less when in disseminated sulphides (less than2% sulphides). Sample preparation is completed at the ALS-Chemex lab preparation lab in Mendoza, Argentina and assayed at ALS-Chemex lab in Vancouver, Canada, using multi-acid digest/ ICP-AES for the base metals and A.A. when Ni and Cu are over the detection limits. Platinum, palladium and gold values are determined by 30 gram fire assay with ICP-AES finish. A blank sample is inserted every 40th sample and standard samples representing a range of grades are inserted at intervals of 1 in 20 to 30 samples.

The quality control and all aspects of the exploration program are supervised by Castillian exploration managers, Danielle Giovenazzo, Ph.D., PGeo, and Fernando Tallarico, Ph.D., PGeo, both of whom meet the criteria for a qualified person as defined under National Instrument 43-101.

David Gower, PGeo, President and Chief Executive Officer of Castillian, who is a qualified person as defined by NI 43-101, has reviewed this release.

About Castillan Resources

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" with approximately 87.8 million shares issued and outstanding. Castillian has partnered with Xstrata Nickel to explore the approximately 153,000 ha Mangabal nickel-copper project in Brazil. The company is earning an interest in the Las Aguilas Nickel-Copper-PGM Project in Argentina from Marifil Mines Ltd. and has the right to purchase a 100% interest in the Kagera Project which comprises over 1,600 square kilometers in the highly mineralized Kabanga Nickel Belt in Tanzania and rights to acquire 90% of the Pederson deposit, an advanced gold exploration project in Bolivia which is currently under force majeure.

Forward Looking Statements

This document may contain or refer to forward looking information based on current expectations, including, but not limited to, mineralization projections, estimates regarding the timing for resource modeling and the preparation of a 43-101 compliant technical report. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

Table 1: Mineralized intercepts from the Las Aguilas East Deposit. Width in the table represents core length of the intersection, true width is expected to be 70% or more of the core width.




--------------------------------------------------
CT            From         To Width   Ni%   Cu%   Co% Pt ppm Pd ppm Au ppm
--------------------------------------------------
LA07-015    No significant mineralization
--------------------------------------------------
LA07-016     58.26      65.10  6.84 0.57  0.22  0.03    0.27   0.30   0.05
--------------------------------------------------
LA07-017    131.00     132.10  1.10 0.36  0.19  0.02    0.27   0.24   0.03
--------------------------------------------------
LA07-018     46.55      48.61  2.06 0.53  0.40  0.02    0.07   0.31   0.03
           --------------------------------------------------
            86.70      97.65 10.95 0.42  0.27  0.03    0.11   0.10   0.03
           --------------------------------------------------
           106.15     112.65  6.50 0.42  0.43  0.03    0.11   0.10   0.04
--------------------------------------------------
LA07-019    132.90     160.46 27.56 0.46  0.34  0.02    0.34   0.38   0.17
--------------------------------------------------
including  143.47     148.46  4.99 0.56  0.34  0.02    0.27   0.46   0.23
--------------------------------------------------
LA07-020     29.93      34.00  4.07 0.46  0.19  0.02    0.47   0.34   0.07
--------------------------------------------------
LA07-021    173.70     200.90 27.20 0.66  0.39  0.03    0.32   0.39   0.14
--------------------------------------------------
including  178.76     183.80  5.04 0.73  0.32  0.03    0.30   0.44   0.06
--------------------------------------------------
including  186.50     200.90 14.40 0.78  0.49  0.03    0.38   0.46   0.19
--------------------------------------------------
also       191.96     200.90  8.94 0.92  0.53  0.04    0.28   0.41   0.09
--------------------------------------------------
LA07-024    149.54     151.64  2.10 0.57  0.25  0.03    0.18   0.29   0.03
--------------------------------------------------
           161.19     164.19  3.00 0.35  0.13  0.02    0.15   0.14   0.02
--------------------------------------------------
           196.71     198.17  1.46 0.57  0.64  0.04    0.05   0.18   0.04
--------------------------------------------------


To view "FIGURE 1: Location Map of Las Aguilas drill holes" please view the following link: www.ccnmatthews.com/docs/ct1114a.pdf

To view "FIGURE 2. Vertical longitudinal section of the Las Aguilas East deposit" please view the following link: www.ccnmatthews.com/docs/ct1114b.pdf



Contact:
Julian Bharti
Castillian Resources Corporation
Manager Investor Relations
(416) 861-5902
Email: info@castillian.ca
Website: www.castillian.ca


--------------------------------------------------
Source: Castillian Resources Corp.

ja ja, ist wieder im Visier von RSR - Castillian ist ein guter Explorer - jetzt mengen die da wieder mit rum...

Stand heute 0,06 (-39% zu gestern)

Man muss ja selbst beim derzeitigen Crash weit gehen, um einen ähnlichen Müll zu finden.

Heute über 2 Mio.Vol. in Can.

Seit einigen Tagen ist das Volumen gestiegen, bin heute mal mit ner Kleinen Posi rein.
News konnte ich aber nicht finden,

Es stehen über 1 Mio. im Bid
und nur 300.000 im Ask.
derzeit +23 %

Dann schau ma mal

Bin zu 0,07 C$ rein und der Riecher war richtig, derzeit +70 %
leider wie immer in so einem Fall zu wenig Eingekauft da keine News zu finden sind, aber
EGAL :-)

Ist ja ganz schön ruhig hier. komisch dass der kurs unter 20ct dümpelt. Trotz dem mega PP zu 20ct und ohne Warrants auch noch, das soll man verstehen...
Ich habe nochmal zugekauft ich denke mit ein bisschen Geduld wird das schon

Bald gibt es Strom in Hope Brook und zwar genug um eine Kleinstadt zu versorgen! :-)



Castillian's Hope Brook hooks up to Nfld. power grid

2011-04-26 07:35 ET - News Release

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.
Here is a sample of this item:

Dr. Bill Pearson reports

CASTILLIAN'S HOPE BROOK CAMP CONNECTS TO NEWFOUNDLAND POWER GRID

Newfoundland and Labrador Hydro have connected Castillian Resources Corp.'s Hope Brook camp to the power grid. This is the same power line that originally supplied power to the old Hope Brook mine site. This is expected to result in a cost savings of at least $100,000 per year. Prior to being connected to the provincial power grid, Castillian transported approximately 90 to 100 barrels of diesel each month by boat in order to power the generators and drill rigs. Going forward, the company will only require diesel fuel for its two drill rigs.

At the time the mine operated, the line was a three-phase transmission line operating at 138 kilovolts and was tapped from a substation on the Burgeo Road about 32 km east of Hope Brook. Following the mine's decommissioning, the line was reconfigured for single-phase service to several local communities. Newfoundland and Labrador Power advises that the line the camp is connected to is capable of powering a small town.

Dr. Bill Pearson, P.Geo., President & CEO of Castillian, commented: "We have now completed a series of holes across the full 500m strike length below the historic workings. These holes have confirmed that the Mine Zone is open downdip and along strike. Furthermore most of the deeper historic holes appear not to have been drilled long enough to fully test the target zone and hence the Mine Zone potential remains wide open. During 2011 we will be drilling additional step-out holes both downdip and along strike to further test this potential."

Hole HB11-023 tested the downdip extension of the Mine Zone below the 4800 level, which was the lowest level previously mined at approximately 340m below surface as shown in Figure 1, a longitudinal section. Figure 2 is a geological cross section showing this new hole.

Drilling of the downdip extension of the Pit Zone is continuing using the track mounted diamond drill. To date an additional 8 holes totaling 1446.0m have been completed in this zone with assay results for these holes pending as shown in Table 1. This drilling is designed to provide data for a National Instrument 43-101 resource estimate which the Company expects to be prepared later in 2011.



Table 1: Summary of Significant Drilling Results, Hope Brook Gold Project,
                              April 27, 2011

--------------------------------------------------
                                                       Gold
                               Core    True          (highs
               From      To  Length   Width    Gold  cut to  Copper
Hole(i)          (m)     (m)     (m)     (m)   (g/t) 30 g/t)     (%)    Zone
--------------------------------------------------
                                 Mine Zone
--------------------------------------------------
HB11-023      417.00  446.20   29.20    21.9   11.44    2.50    0.52      MZ
--------------------------------------------------
   incl.     440.30  446.20    5.90     4.4   54.26   10.03    2.35      MZ
--------------------------------------------------
HB11-026     assays pending                                            HW/MZ
--------------------------------------------------
                                 Pit Zone
--------------------------------------------------
HB11-018     assays pending                                               PZ
--------------------------------------------------
HB11-019     assays pending                                               PZ
--------------------------------------------------
HB11-020     hole abandoned                                               PZ
--------------------------------------------------
HB11-021     assays pending                                               PZ
--------------------------------------------------
HB11-022     assays pending                                               PZ
--------------------------------------------------
HB11-024     assays pending                                               PZ
--------------------------------------------------
HB11-025     assays pending                                               PZ
--------------------------------------------------
HB11-029     assays pending                                               PZ
--------------------------------------------------
HB11-030     assays pending                                               PZ
--------------------------------------------------

(i)    Main zone hole is NQ core size; Pit Zone holes are BTW core size
(ii)   Horizontal width which is shown for historical longitudinal sections
      in Figure 1 is very close to true width.
(iii)  PZ = Pit Zone, HWZ = Hangingwall Zone and MZ = Mine Zone
      incl. = including; tr = trace


Table 2: Collar Coordinates and Orientations of Drill Holes, Hope Brook Gold
                          Project, April 27, 2011

--------------------------------------------------
Hole              UTM            Mine Grid
----------------------------------------------
                                               Elev.               Az   Dip
Hole        Easting Northing  Easting Northing    (i)     Length  (ii)  (ii)
--------------------------------------------------
HB11-018     417754  5287557    11203     5024   5110      108.2   325   -45
--------------------------------------------------
HB11-019     417790  5287500    11200     4956   5116      210.0   325   -48
--------------------------------------------------
HB11-020    Hole abandoned
--------------------------------------------------
HB11-021     417804  5287568    11250     5005   5111      157.5   325   -50
--------------------------------------------------
HB11-022     417832  5287614    11300     5026   5112      192.9   325   -45
--------------------------------------------------
HB11-023     418225  5287639    11660     4816   5151      660.5   320   -65
--------------------------------------------------
HB11-024     417841  5287603    11302     5009   5107        178   318   -65
--------------------------------------------------
HB11-025     417893  5287614    11351     4989   5105      180.7   325   -47
--------------------------------------------------
HB11-026     418249  5287713    11699     4866   5143      476.7   322   -59
--------------------------------------------------
HB11-027     418249  5287713    11699     4866   5143      455.4   322   -67
                                                         (still
                                                      drilling)
--------------------------------------------------
HB11-029     417946  5287627    11401     4969   5105      204.4   325   -45
--------------------------------------------------
HB11-030     417900  5287657    11381     5020   5109      214.3   345   -45
--------------------------------------------------
HB11-031     417981  5287578    11402     4909   5110       82.1   325   -48
                                                         (still
                                                      drilling)
--------------------------------------------------

(i)    Elevations have 5000 m added to actual measurements to conform to
      historical practice.
(ii)   All measurements are in metres except Azimuth (Az) and Dip which are
      measured in degrees.


SAMPLING, ASSAYING AND QUALITY CONTROL

The core (NQ 47.6 mm and BTW 42.0 mm) is logged, photographed and then sawn in half with one-half sent to the laboratory for analysis and the other half retained and stored on site. All core samples were prepared and assayed at ALS Chemex with sample preparation done in Sudbury and analytical work in Vancouver. All locations of ALS Chemex are ISO 9001:2000 certified. The entire sample received is weighed and crushed to greater than or equal to 70% passing 2mm (10 mesh); a sample split of up to 1000g is then pulverized to greater than or equal to 85% passing 75 microns (200 mesh) to produce a homogenized sample. A 50g aliquot is used for fire assaying with an atomic absorption (AA) finish to determine gold concentration. Internal quality control includes the use of blanks, duplicates and standards in every batch of samples. The Company also conducts internal check assaying using certified external reference standards and blanks. Regular external check assays are performed at a second certified Canadian commercial laboratory. Castillian also inserts external reference standards as well as blank granite drill core in each sample batch as a further external check.

Mr. Dan Lee, P.Geo. Chief Geologist and Project Manager for Hope Brook and Dr. Bill Pearson, P.Geo., President and CEO of Castillian, both of whom are qualified persons as defined by National Instrument 43-101 ("NI 43-101"), have reviewed and approved the scientific and technical content of this press release.

ABOUT CASTILLIAN

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" which has gold and base metal properties in Canada and South America. Castillian's flag ship property is the Hope Brook Gold Project located in southwestern Newfoundland where it is carrying out a 15,000 metre diamond drill program.

Cautionary Note Regarding Forward-looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the diamond drill program at the Hope Brook project and its anticipated results, the exploration program and anticipating timing and costs with respect to the exploration program and the completion of a NI 43-101 compliant resource estimate, future financial or operating performance of the Company, its subsidiaries and its projects, statements regarding exploration prospects, the identification of mineral reserves and resources, exploration expenditures, timing of future exploration, requirements for additional capital. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

To view the first figure associated with this release, please visit the following link: media3.marketwire.com/docs/ct0427fig1.pdf.

To view the second figure associated with this release, please visit the following link: media3.marketwire.com/docs/ct0427fig2.pdf.

SOURCE: Castillian Resources Corp.

Castillian Resources Corp. Sabina Srubiski Investor Relations Manager 416-309-2957 ssrubiski@castillian.ca Castillian Resources Corp. Bill Pearson President & CEO 416-861-2968 info@castillian.ca www.castillian.ca
Copyright (C) 2011 Marketwire. All rights reserved.

Zurzeit geht es noch sehr ruhig zu hier, das wird sich aber bald ändern!

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