NEWFOUNDLAND – Toronto’s Castillian Resources has filed a new 43-101 technical report on the former Hope Brook gold mine near Port aux Basques. The original deposit was discovered in 1983 and mined from 1987 though 1991 by BP Resources Canada. In 1991 Royal Oak Mines purchased the property and mining continued until mid-1997. Castillian optioned the Hope Brook project in 2010.
The Hope Brook property has an indicated resource of 5.5 million tonnes grading 1.65 g/t Au and an inferred resource of 13.2 million tonnes at 1.73 g/t Au. The categories contain 290,000 and 740,000 oz of gold, respectively. Roughly 75% of the mineralized material is within a shell defined by a 0.05 g/t Au cut-off grade.
Castillian says the report recommends 20,000 metres of additional diamond drilling to upgrade resources and 5,000 metres of drilling to test potential new zones and extensions. Metallurgical tests, regional exploration and completion of a preliminary economic assessment are also needed.
Visit Castillian.ca for more information, a map and images from Hope Brook.