Highlights:
Resumption of drilling at Castlemaine:-
- 16,000 metre diamond drilling program planned across the Castlemaine goldfield.
- Follows geological model validation and target prioritisation.
- 3,273.5 metres drilled in December quarter.
- Chewton Anticline results evidence structural continuity, also visible gold in several intersections.
- Detailed structural analysis on the Chewton Anticline prospect has begun.
- Clear focus on Castlemaine.
Successful capital raising concluded to fund drilling program:-
- Cash at December 31, 2007 of $5.3m.
- Significant and positive changes to share register.
Resource estimation on track:-
- Chewton Anticline prospect in-fill holes completed in quarter and step out holes in progress.
- Inaugural resource estimation for Chewton Anticline prospect on track for completion after concluding March 2008 quarter drilling.
Tarnagulla and Sebastian farm-out discussions commenced:-
- Tarnagulla farm-out deal under negotiation.
- Positive discussions commenced regarding Sebastian Project farm-out
Broadcaster: Castlemaine Goldfields Limited (ASX: CGT)
Audio webcast Link:
http://abnnewswire.net/alnk/QD556PJ0
Listen to the Audio stream and view the announcement for Castlemaine Goldfields Limited (ASX: CGT) below.
http://abnnewswire.net/vlnk/37C9VJA7
About Castlemaine Goldfields Limited
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Castlemaine Goldfields Limited
