Business
Castle Peak Mining Ltd. Provides Third News Release on Corporate Developments Since its TSX Venture Exchange Trading Halt 90 Days Ago
Vancouver, British Columbia--(Newsfile Corp. - May 17, 2019) - Castle Peak Mining Ltd. (TSXV...
About this update from Akwaaba Mining Ltd
[{"type":"text","content":"Castle Peak Mining Ltd. Provides Third News Release on Corporate Developments Since its TSX Venture Exchange Trading Halt 90 Days AgoVancouver, British Columbia--(Newsfile Corp. - May 17, 2019) - Castle Peak Mining Ltd. (TSXV: CAP) (\"Castle Peak\" or the \"Company\")  hereby provides a third news release on corporate developments since its TSX Venture Exchange trading halt 90 days ago.The Company is pleased to announce that it has concluded the NI 43-101 technical report (\"technical report\") on the Kunsu PL property, which has been authored by Prosper Mackenzie Nude, PhD., MAIG, a member of the Australian Institute of Geoscientists with registration number 7381. Following the approval of the technical report by the TSX Venture Exchange the Company has filed the technical report with signature date of 3rd May, 2019 on Sedar.Finally the Company is pleased to announce the latest field progress update on the ongoing follow-up exploration work. This work commenced on the 22nd February, 2019 and has covered the 5.8 km Induced Polarization (IP) geophysical survey at the North Grid zone, followed by 882 meters of trenches excavated on the geophysical defined targets. This involved 737 samples, comprising 668 trench samples and 69 Quality Control-Quality Assurance samples, submitted to the ALS laboratories in Kumasi, Ghana for Au analysis by Fire Assay and AAS finish. The Company is pleased to report that the current trench results returned significant Au grade (> 100 ppb Au) intersections hosted within quartz vein lodes. Notable are trenches GKUTR004, GKUTR005 and GKUTR006 which are on strike length of 300m within the West-North Grid anomaly zone, and trenches GKUTR009 and GKUTR010 on 100m strike length within the East-North Grid anomaly zone; mineralization is open ended west of GKUTR004. A 300m lateritic zone, inferred at this stage to be masking mineralization and Au expressions, separates the West-North Grid and the East-North Grid anomaly zones. A summary of results from trench samples of significance Au grades (>0.1g/t Au) is presented in Table 1. Table 1: Results from the trench intersections with Au grades >0.1g/t Trench ID Line Total Length (m)  From (m)  To (m)   Intercept Width (m) [Au (g/t)] Remarks GKUTR004 L1000 79.2 13 33 20 0.35 Including 2.36 g/t @ 19m, & 1.08g/t @ 27m 53.7 64.7 ...