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Castlemaine Goldfields Ltd, Britannia Exploration Results Update & Mako Mineral Resource Increase

HIGHLIGHTS:

- The JORC Inferred Resource for the Mako Lode in the Llanberris compartment has increased by 25% to 160,000 tonnes at 9.5g/t Au (ranging between 6 and 11 g/t Au) for 47,700 ounces of gold,

- The updated Resource includes for the first time a hangingwall lode known as the Tiger Up-Dip Lode and which is now being accessed for mining, and

- Diamond drilling of the adjacent Britannia – Mako exploration target is approximately 45% complete, with five areas emerging as having resource potential.

Australian gold producer Castlemaine Goldfields Limited (ASX Code:CGT) announces an updated Mineral Resource within the Ballarat gold mine for the high grade Mako Lode currently being mined, and also positive exploration results from the Britannia compartment drilling program.

Updated Mako Resource:

An updated geological model has been completed following the addition of data from 20 diamond drill holes and with knowledge gained from underground detailed mapping of gold-bearing quartz veining and associated geological structures from three locations within the Mako resource that have now been accessed for production.


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