CASTILLIAN POSITIVE TAILINGS RESULTS HAVE POTENTIAL TO INCREASE NI 43-101 RESOURCE ESTIMATE AT HOPE BROOK < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
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CASTILLIAN INITIATES TECHNICAL WORK FOR PRELIMINARY ECONOMIC ASSESSMENT AT HOPE BROOK GOLD PROJECT, NEWFOUNDLAND< ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
April 17, 2012, Toronto, Ontario: Castillian Resources Corp. (“Castillian” or the “Company”) (TSXV: CT; OTCQX: CTIIF) is pleased to report that it has retained the services of AGP Mining Consultants Inc. to supervise the technical work required to form the basis of a Preliminary Economic Assessment (PEA) for the Hope Brook Gold Project in southwest Newfoundland. The technical work will lay the foundation as the Company continues to establish Hope Brook as a potentially viable gold operation.
As recommended in the independent technical report entitled “Mineral Resource Estimate Technical Report, Hope Brook Gold Project, Newfoundland and Labrador, Canada” (the
“Technical Report”) (see the press release issued by Castillian on April 5, 2012), such technical work will include metallurgical testing, acid base accounting and preliminary geotechnical and environmental studies, together with detailed systematic sampling of the historic tailings deposits to assess gold grades.
Dr. Bill Pearson, P.Geo., President & CEO of Castillian, commented: “We believe there is potential to improve metallurgical recovery from the levels reported for the historic mine plant.