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Vancouver, BC / ACCESSWIRE / October 31, 2014 / CastleResources (CSE: CRI) is one of the latest new listings on the Canadian SecuritiesExchange. Concurrent with its new CSE listing, the company has de-listed fromthe TSX Venture Exchange. Castle is a Toronto-based junior mineral developmentcompany focusing on high-quality, advanced projects.
InvestmentPitch.com has produced a "video news alert"which provides a brief overview of the company. If this link is not enabled,please visit InvestmentPitch.com and enter "Castle" in the search box.
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Management's goal is to continuethe redevelopment of the past producing Granduc Copper Mine which is locatedapproximately 40 kilometres north of Stewart, British Columbia, and covers atotal land area of approximately 33,400 acres. The property is a coppervolcanogenic massive sulphides deposit that was mined between 1970 and 1984 byNewmont, then Esso Minerals Canada.
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The mine was closed in 1984 due to low copper prices. Theproperty was acquired from Bell Resources in 2010 and is 100% percent owned byCastle Resources.
Exploration and drilling completed by Castle Resources since2010 includes more than 62,000 metres and focused on updating and expanding theNI 43-101 resource. Castle has increased the resource to 1.8 billion pounds ofcopper, with gold, silver, and magnetite credits. Rehabilitation of the 17kilometre haulage tunnel was completed in August 2012. Intersected coppermineralization 600 metres below previous mine workings.
In February 2013, the company completed a Preliminary EconomicAssessment which is available for viewing on the company's website. Severalexploration targets on the property have been identified and are drill ready forfuture development.
The company currently has 201.6 million shares outstanding. Formore information, please visit the company's website castleresources.com,or contact Lenny Foreht, VP Corporate Development at 416-366-4100 or by emaillforeht@castleresources.com.
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SOURCE: Castle Resources
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.