Redcastle Resources Limited announced the results of the recently completed RC drilling program at the company's Redcastle Gold Project. The Company successfully completed a 41 hole program for 2,774m with several shallow grade results achieved. This drilling was designed to step out along strike from the most recent results.

The program was affected by heavy rainfall. The results listed here include some 4m composite results from the later holes. The Redcastle Reef target has now been tested over a strike length of 700m, whilst the Queen Alexandra target has been tested over approximately 200m, with the deepest hole now at 150m.

This target remains open in all directions. The Redcastle Reef mineralisation is somewhat more complicated structurally, and more detailed analysis of the data is required prior to planning the next phase of drilling. The aim now is to continue the exploration program to extend the strike length of the near surface known mineralisation, and to complete further RC drill holes to test the extent of gold mineralisation at other targets.

Planning for this work has already commenced. Infill auger sampling programme shall commence shortly. This program is designed to better define the surface targets prior to a significant RC drilling program early next year.

Queen Alexandra: The drilling has now tested the Queen Alexandra target over a strike length of approximately 200m, with the mineralisation open in all directions. Only one hole has been drilled to a depth of 150m (RRC151) which intersected narrow high grades in the northern most shoot. The southernmost shoot lies approximately 25m to the south, with minor gold mineralisation located in between.

The holes to date have been drilled on sections 40m apart, with holes generally spaced 20m apart. This is shown in the map and sections below. The drilling results to date appear to define two parallel high-grade plunging shoots immediately below the historic workings.

Further drilling is required to better define the size and geometry of these shoots, and to explore along strike for extensions. Redcastle Reef: RC drilling to date has tested this target over a strike length of approximately 700m. The holes are on lines up to 40m apart, with holes generally 20m apart.

The holes are plotted on the map above. The geometry of the mineralisation as now defined by drilling highlights structural complexity that will require more detailed interpretation prior to the next phase of drilling. Nevertheless, several high grade (10-250g/t Au) zones have been intersected by the drilling to date.

Drill access in some areas of this target are somewhat hampered by the relatively hilly terrain.