Posted in | News | Copper | Mining Equipment

Castle Resources Mobilizes Fifth Drill Rig to Granduc Copper Project

Castle Resources is a junior mineral development firm based in Toronto and focuses on advanced and high-quality projects.

It has mobilized the fifth drilling rig to the Granduc, which is a copper project located near Stewart in B.C.

The CEO and President of Castle, has commented that the aim of the drilling program at the North zone is to indicate the potential of exploration discovered by SRK in its NI 43-101 resource estimate report and upgrade it into a resource category. The company considers that the North Zone could signify the considerable future resource benefit depending on the historical drilling information of Esso and Newmont.

Castle has purchased a mining claim in the Skeena mining division, B.C. in association with the Granduc copper project development. With reference to this purchase, the company has paid an amount of $20,000 as cash and provided a total of 94,118 castle’s common shares. The company has funded a 2% NSR on the purchased claim. The common shares given in association with the claim purchase will be dependent on a four month regulatory hold phase, which is starting from the issue date.

The objective of the management is to keep on redeveloping the 100% owned historical Granduc Copper Mine and commence new drilling activities. It is also promptly developing the Elmtree gold project towards viability in 2011.

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 18). Castle Resources Mobilizes Fifth Drill Rig to Granduc Copper Project. AZoMining. Retrieved on July 21, 2024 from https://www.azomining.com/News.aspx?newsID=4755.

  • MLA

    Scanlon, Joel. "Castle Resources Mobilizes Fifth Drill Rig to Granduc Copper Project". AZoMining. 21 July 2024. <https://www.azomining.com/News.aspx?newsID=4755>.

  • Chicago

    Scanlon, Joel. "Castle Resources Mobilizes Fifth Drill Rig to Granduc Copper Project". AZoMining. https://www.azomining.com/News.aspx?newsID=4755. (accessed July 21, 2024).

  • Harvard

    Scanlon, Joel. 2019. Castle Resources Mobilizes Fifth Drill Rig to Granduc Copper Project. AZoMining, viewed 21 July 2024, https://www.azomining.com/News.aspx?newsID=4755.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.