Castle Peak is pleased to announce that it has successfully closed the first tranche of the previously announced offering of 12,000,000 units at a price of $0.25 per Unit for gross proceeds of $3,000,000. The First Tranche represented 5,470,000 Units sold to Grizal Enterprises Ltd. for gross proceeds of $1,367,500. The second tranche of 6,530,000 Units also priced at $0.25 per Unit for gross proceeds of $1,632,500 was [...]
Castle Peak announces that it has entered into a memorandum of understanding with Beijing Donia Resources Co., Ltd. to provide the framework for a proposed agreement whereby Beijing Donia and its designated business partners intend to make a strategic investment in Castle Peak by acquiring securities which would give the Investors a 30.5% equity interest in the Company on a fully-diluted basis for gross proceeds to the [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/01/12 -- Castle Peak Mining Ltd. (TSX VENTURE: CAP) ('Castle Peak' or the 'Company') reports further assay results which indicate a broad anomalous gold halo encompassing higher grade gold structures. An additional 36 metres of sampling was completed on drill hole NKDDH016 on the Apankrah target. The previously mineralized interval was expanded from 16 metres ('m') of
Castle Peak announces that it has entered into an agreement with Euro Pacific Canada Inc. to proceed with a private placement on a "best-efforts" agency basis for gross proceeds of up to $3.0 million. Under the terms of the Offering, the Company will offer for sale 12 million units at $0.25 per Unit. Each Unit will consist of one common share of the Company and one-half of one share purchase warrant (each whole warrant, a [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/03/12 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE: CAP) reports the final drill results for the 2011 Phase I drill evaluation program completed on December 20, 2011. The final hole of the Phase I program returned 16 metres ('m') of 3.3 grams per tonne ('g/t') gold ('Au') from the Apankrah target on the Nkwanta concession. This hole was a
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 12/20/11 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE: CAP) reports auger sampling exploration results on the Enyinase concession; which is host to the inferred intersection between a mineralized north-south structural corridor and the high potential north-east Birimian-Tarkwaian structural corridor. Additionally, an initial follow up drill hole
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/15/11 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE: CAP) is pleased to report initial diamond drill results from Dansuom target located on the POW concession and complete drill results from the AA Veins target on the Asuogya-Ayiem trend from its Phase I target evaluation drill program at the Company's Akorade project in the southern Ashanti
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/24/11 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE: CAP) is pleased to announce that Hon. Mike Hammah (MP), Minister of Lands and Natural Resources of the Republic of Ghana, has consented to the grant of a reconnaissance license for the Great Yorkshire concession to a wholly owned subsidiary of Castle Peak Mining Ltd. Terms of the grant are
Castle Peak is pleased to announce it has initiated drilling on the prospective POW concession after completing construction of the access road leading to the target area earlier this month. The Company will complete the remaining 2,200m of the current 7,500m drill program at the Dansuom Structure, which has produced encouraging trench results including 18m @ 1.0 grams per ton ('g/t') gold ('Au'), 3.4m @ 4.3 g/t Au, and [...]
Castle Peak, has arranged a non-brokered private placement offering to raise gross proceeds of $3 million. Under the terms of the private placement, the Company will offer for sale 8,571,428 million units at $0.35 per Unit. Each Unit will consist of one common share of the Company and one-half of one share purchase warrant, where each Warrant will allow the subscriber to purchase one additional common share of the Company [...]
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/15/11 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company'), (TSX VENTURE: CAP), is pleased to report it has identified +16 kilometers ('km') of VTEM conductors coincident with the 9,500 metre ('m') Asuogya-Ayiem geochemical anomaly previously defined by soil and auger sampling at the Company's Akorade project in the southern Ashanti belt in Ghana, West Africa (see
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/18/11 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE: CAP) is pleased to report results for additional diamond drill holes completed on the Nkwanta concession and the initial drill test on the large Asuogya-Ayiem anomalous trend at the Company's Akorade project in the southern Ashanti belt in Ghana, West Africa. The additional holes on Nkwanta
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