Peak Mining Ltd. (TSX-V: CAP) is a Canadian-based exploration company
focused on creating long term value through the definition of a
pipeline of high potential prospects through to economic deposits.
The Company holds a strategic land package in Ghana's prolific
Ashanti gold belt, which has yielded past production of >150
million ounces making Ghana the second largest gold producer in
Africa. Within 50 kilometres of Castle Peak's Akorade Project there
are a number of current and past producers.
The Company currently carries a preliminary mineral resource estimate of 275,000 tons at 8.6 g/t Au for a total of 76,000 ounces. The current resource models a single shoot on the Apankrah Structure. In addition to this structure, there are at least four other known structures within the target area with the potential to substantially increase the resource base. Castle Peak has completed initial metallurgical testing indicating an overall recovery of 97% with a large portion of the contained gold reporting to a gravity concentrate (85%).
The experienced management team and exploration group have built a systematic approach to understanding the two key structural trends on the 225 square kilometer land package. The focus is discovery and definition of +1,000,000 ounces that can be a satellite to an existing site or could be built into a standalone mine.
Castle Peak Mining Ltd. commenced trading on the TSX Venture Exchange on March 9th, 2011.