Castle Resources Announces 29 Meters of 2.43 g/t Gold at Surface From Elmtree Gold Project in New Brunswick

Posted on: Tue, 27 Oct 2009 09:37:00 EDT


Symbols: CRI
TORONTO, ONTARIO, Oct 27, 2009 (MARKETWIRE via COMTEX) --
CRI | Quote | Chart | News | PowerRating -- Castle Resources Inc. (TSX VENTURE: CRI | Quote | Chart | News | PowerRating) ("Castle" or the "Company")
is pleased to announce drill results from its Phase I (3,135 metre)
diamond drill program at the Elmtree Gold Project near Bathurst, New
Brunswick. The company has recently completed its Phase II (1,986
metre) drill program and is awaiting results.

Drill Highlights at the West Gabbro Zone Include:

- 29 metres of 2.43 g/t Au, incl. 20 metres of 3.19 g/t Au

- 18.5 metres of 1.27 g/t Au, incl.3 metres of 4.58 g/t Au

Phase I drilling results have successfully delineated the West Gabbro
Zone and has confirmed mineralization intersected at depth under the
main core of the West Gabbro Zone resource. Drilling to the west
found that the West Gabbro Zone narrows and drilling to the east
confirms that there is no fault-offset extension of the West Gabbro
Zone.

"The drill program was designed not only to test along strike and
down dip in the West Gabbro Zone, but to gain a better understanding
of known mineralization and we have successfully achieved these
goals," said Mr. Stephen Shefsky, President & CEO of Castle Resources
Inc. "Drilling at the West Gabbro Zone has more clearly defined the
shape of the gold deposit and we are now in the process of advancing
the deposit towards a Preliminary Economic Assessment."

The Company began drilling in early August and finished the Phase I
program in September. A total of 3,135 metres were drilled in 16
holes and 732 samples were sent for analyses and all analyses have
been received. Two of the 16 holes were designed to replicate older
Lacana drilling results as recommended by Mercator Geological
Services in their NI 43-101 compliant technical report dated February
12, 2008.


Highlights of drilling results
---------------------------------------------------------------------------
downhole
Hole From to thickness g/t Au Comments
---------------------------------------------------------------------------
includes 115g g/t Ag, 1.88% Zn,
ELM09-52 17.5 19 1.5 1.70 1.96% Pb
---------------------------------------------------------------------------
ELM09-52 126.5 128.5 1.5 3.52
---------------------------------------------------------------------------
ELM09-52 175.5 177.5 2 1.30
---------------------------------------------------------------------------
ELM09-52 188 191.5 3.5 1.05
---------------------------------------------------------------------------
replicated Lacana hole ME85-001
includes a higher grade section
of 3.19 g/t Au across 20 m
ELM09-54 29 58 29 2.43 (downhole thickness)
---------------------------------------------------------------------------
ELM09-56 81.5 83.5 2 1.74
---------------------------------------------------------------------------
ELM09-57 174 176 2 1.25
---------------------------------------------------------------------------
includes a higher grade section
of 4.58g/t Au across 3 m
ELM09-58 237.5 256 18.5 1.27 (downhole thickness)
---------------------------------------------------------------------------
ELM09-61 25 30.5 5.5 1.58 replicated Lacana hole ME86-022
---------------------------------------------------------------------------
ELM09-66 209 211 2 1.15
---------------------------------------------------------------------------
ELM09-67 233 235 2 1.60
---------------------------------------------------------------------------

The Elmtree Gold Property (85 claims, 1,375 hectares) hosts at least
three gold-bearing zones, the higher grade West Gabbro Zone, original
Discovery Zone and the larger tonnage, lower grade South Gold Zone.
In 2008, a NI 43-101 compliant resource estimate reported 525,000
indicated tonnes in the West Gabbro Zone grading 2.45 g/t gold;
1,556,000 inferred tonnes in the West Gabbro Zone grading 2.01 g/t
gold; 2,367,000 indicated tones in the South Gold Zone grading 0.74
g/t gold; 583,000 tonnes in the Discovery Zone grading 1.15 g/t gold
only, as well as 117,000 inferred tonnes in the Discovery Zone
grading 1.77 g/t gold, 44.36 g/t silver, 0.78% lead and 2.17% zinc.

In addition, the Phase II program at the Elmtree Gold Project has
recently been completed. Ten holes were drilled (1,986 metres)
testing the South Gold Zone & Discovery Zone at depth and infilling
previously unexplored areas. The goal of this Phase II program is to
further define mineralization and test the relationship between the
South Gold Zone and Discovery Zone. Assays are pending and results
are expected in November.

Brad Leonard, P. Geo., Castle's Exploration Manager, is the Qualified
Person responsible for the scientific and technical work discussed as
defined under National Instrument 43-101 and has reviewed this press
release.

About Castle Resources

Castle Resources Inc. is a Toronto-based junior mineral exploration
company focusing on high-quality, advanced exploration gold projects.
Management's goal is to quickly advance the new Elmtree option and to
seek additional opportunities to continue to add value for
shareholders. For more information please visit the Castle Resources'
website at www.castleresources.com

Disclaimer

Certain statements contained in this news release may contain
forward-looking information within the meaning of Canadian securities
laws. Such forward-looking information is identified by words such as
"estimates", "intends", "expects", "believes","may", "will" and
include, without limitation, statements regarding the company's plan
of business operations (including plans for progressing assets),
estimates regarding mineral resources, projections regarding
mineralization and projected expenditures. There can be no assurance
that such statements will prove to be accurate; actual results and
future events could differ materially from such statements. Factors
that could cause actual results to differ materially include, among
others, metal prices, risks inherent in the mining industry,
financing risks, labour risks, uncertainty of mineral resource
estimates, equipment and supply risks, title disputes, regulatory
risks and environmental concerns. Most of these factors are outside
the control of the company. Investors are cautioned not to put undue
reliance on forward-looking information. Except as otherwise required
by applicable securities statutes or regulation, the company
expressly disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new information,
future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this
release.


Contacts:
Castle Resources Inc.
Stephen Shefsky
President & CEO
416-366-4200

Castle Resources Inc.
Lenny Foreht
Corporate Development
416-364-2266


SOURCE: Castle Resources Inc.

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