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The latest announcement is out from Castile Resources Ltd ( (AU:CST) ).
Castile Resources Limited has completed the drilling of exploration hole 25P38D001, with core samples sent for analysis. The company is pioneering the use of Ambient Noise Tomography (ANT) as a novel targeting technique for identifying IOCG-like formations, in collaboration with Odyssey Geophysics. This innovative approach aims to improve the precision of exploration efforts by identifying promising drilling targets and avoiding less viable ones. Castile plans to expand the use of ANT technology across the Rover Mineral Field, aiming to conduct multiple surveys simultaneously to prioritize over 100 potential targets for drilling.
More about Castile Resources Ltd
Castile Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in targeting Iron-Oxide-Copper-Gold (IOCG) formations, utilizing innovative geophysical techniques to enhance exploration efficiency.
Average Trading Volume: 100,219
Technical Sentiment Signal: Sell
Current Market Cap: A$22.32M
See more insights into CST stock on TipRanks’ Stock Analysis page.