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Redcastle Resources Limited (ASX:RC1)

ALERT: Price-sensitive ASX Announcement for RC1
Current share price for RC1 : $0.130 -0.07 (-35%)+
Announcement
Release
2 Feb 2026 1:05PM
Price at Release
$0.200
Full Release
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Summary
Redcastle Resources Limited has reported assay results from the recent reverse circulation (RC) drilling at Morgan’s Castle East (MCE) and Sligo within their Redcastle Project Area in Western Australia. The drilling at MCE confirmed a broad, low-grade gold system with isolated higher-grade values, but the current spacing is insufficient to define high-grade continuity. The mineralised system at MCE is open to the east and at depth to the north. Further assessment is required once the 1m split samples from 4m composites are received. Limited drilling at Sligo did not yield results consistent with historical data, although one drill hole may have identified an aquifer. Future exploration work at MCE may include re-sampling and increased drilling density, while at Sligo, detailed geological mapping will be the focus before any more drilling is considered.
Key Points
  • Assay results received for RC drilling at MCE and Sligo.
  • 23 RC holes for 2,279m completed, with MCE having 19 holes for 1,843m.
  • Drilling at MCE confirms a broad, low-grade gold system with potential higher-grade values.
  • MCE gold system is open to the east and at depth to the north.
  • Limited drilling at Sligo did not produce consistent mineralised intercepts.
  • Further exploration at MCE may include re-sampling and additional drilling density.
  • Detailed geological mapping planned for Sligo; no further drilling planned immediately.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.