Castle Peak Mining has started on the newly named Akorade project, which comprises all seven of the company's adjoining mineral concessions in the southern Ashanti belt in Ghana.

Initial drilling is taking place on the Apankrah mine structure on the Nkwanta property, where artisanal miners have historically exploited approximately 120m of this structure down to depths of 40m.

Earlier grab sampling programs sampling along strike of the Apankrah mine structure returned values ranging from 0.02 grams per ton (gpt) to 38.6gpt gold.

Preparatory work for drill evaluation is now underway on the Nana structures, a target defined by part of the Apankrah Main soil anomaly (2,000m x 400m) located to the northwest.

The Nana structures have also been exploited by artisanal workers with excavations on the order of 100m in strike length.

The two sub parallel structures, approximately 50m apart, that define this target have returned grab samples from previous sampling programs that ranged from <0.01gpt to 163gpt gold.

The company continues work on the airborne geophysical survey (magnetics, VTEM, radiometrics) over the entire land package, and has completed 1,188km of the planned 3,425km survey.