Castle Peak Mining Ltd. (TSX-V: CAP) is a Canadian-based true explorer focused on creating long term value through the definition of a pipeline of economic deposits focusing on strong grades. The Company holds a strategic land package in Ghana's prolific Ashanti gold belt, which has yielded past production of >150 million ounces putting Ghana as the second largest gold producer in Africa. Within 50 kilometres of Castle Peak's Akorade Project there are five producing gold projects which account for nearly 50 million ounces in gold reserves and resources.
The Company recently published a preliminary mineral resource estimate of 275,000 tons at 8.6 g/t Au for a total of 76,000 contained ounces. The current resource models a single shoot on the Apankrah Structure, with a target to increase the resource base to 250,000 ounces on at least four other known structures within the Apankrah Target Area. Castle Peak is now moving forward to complete preliminary metallurgical analysis in an effort to initiate a preliminary economic assessment for developing Apankrah.
The Company has also built a solid approach to understanding the two key structural trends on its 225 square kilometer land package. Castle Peak's staged development of the higher grade Apankrah Target Area with eventual expansion to potentially larger deposits within key structural corridors provides a solid strategy for increasing shareholder value and attracting potential partnership interest.
Castle Peak Mining (TSXV:CAP) CEO Darren Lindsay interview with Proactiveinvestors
Darren Lindsay, President & CEO of Castle Peak Mining (TSX-V:CAP) tells Proactiveinvestors that CAP is focused in on what it believes are the two best opportunities it holds in the southern Ashanti gold belt. Darren says the company has very specific "high quality" targets that it wants to investigate in these two areas. If it can double or triple the resource base through the proving-up process, "that will make all the difference for us, given that it is quite high grade," Lindsay said.
Darren Lindsay, BSc (Honours), PGeo, President, Chief Executive Officer & Director
Mr. Lindsay is a professional geoscientist registered with the Association of Professional Engineers and Geoscientists of British Columbia (APEGBC) and has over 15 years experience in exploration geology for precious and base metals in North and South America. He has worked for both junior and senior companies, including Newmont Mining Corporation, Miramar Mining Corporation, BHP Minerals Canada Ltd, Inmet Mining Corporation, and Kodiak Exploration Limited, undertaking management roles of increasing responsibility including supervision of large scale exploration and feasibility level projects. Recently, Mr. Lindsay played a key role on the teams involved with the expansion and feasibility level studies of the multi-million ounce Madrid and Doris gold deposits in Hope Bay, Nunavut, and the identification and evaluation of the key project, the Magino Gold Project, for Prodigy Gold Incorporated.
Paula Rogers, CA, Chief Financial Officer
Mrs. Rogers is a Chartered Accountant who has 15 years of experience working for Canadian-based international public companies in the areas of treasury, mergers and acquisitions, financial reporting, and tax, and is currently Director and Audit Committee Chair for Timmins Gold Corp. Prior to joining Castle Peak Mining Ltd. as Chief Financial Officer in September 2010, she was Vice-President, Treasurer of Goldcorp Inc. and previously Corporate Treasurer of Wheaton River Minerals Ltd. from 2004 until its 2005 merger with Goldcorp. Paula was responsible for financing the remarkable growth of both Goldcorp and Wheaton during her six year tenor and successfully raised over $4 billion in bank credit facilities, convertible notes and project financing for the companies. She has also held senior finance roles at Finning International Inc. including Assistant Treasurer, Corporate Reporting Manager and Tax Manager over a period of nine years. Paula holds a Bachelor of Commerce from the University of British Columbia and completed her CA articling at Deloitte and Touche.
Clive Arthur, M.Sc, BSc, Vice President Exploration
Mr. Arthur is a commercially astute economic geologist with over 30 years experience in the mining industry ranging from grassroots exploration, advanced evaluation and mine development for both precious and base metals. He has worked for major and junior companies throughout Africa and in Central Asia, Eastern Europe and Russia and is familiar with the complete range of prospecting techniques, mine evaluation, engineering and extraction methods. He specializes in project evaluation and feasibility studies and has a thorough understanding of the business of exploration and mining.
Henry Sowah, BSc, MBA, Exploration Manager
Mr. Sowah is a native Ghanaian with more than 8 years experience in the mining industry, three of which were spent working on properties relating to Castle Peak Mining. He was the Tenament Administrator for the Company in 2007, and earlier the Project Geologist at Prince of Wales in 2005. He spent nearly three years as the Database Manager with Etruscan Resources Ghana Ltd., supervising all exploration programs for quality adherence. Mr. Sowah began his career as a student with Ashanti GoldFields and later as a geologist with Ghana Geological Survey. He holds a Bachelor of Science in Geological Engineering from Kwame Nkrumah University of Science and Technology, and a Master of Business Administration in Project Management from the Ghana Institute of Management and Public Administration.
Marlo Hamer-Jackson, Investor Relations Manager
Mrs. Hamer-Jackson has worked in the mining industry for more than 10 years. Before joining Castle Peak Mining, she served as Manager, Investor Relations and Corporate Communications with the Augusta Group of Companies, which included Augusta Resource Corporation, Riva Gold Corporation, Ventana Gold Corporation, and Wildcat Silver Corporation. Earlier in her career, she helped manage the global communications programs at Placer Dome Inc. and later Goldcorp Inc. Mrs. Hamer-Jackson holds a Bachelor of Business Administration from Simon Fraser University, is a member of the Canadian Institute of Investor Relations, and has completed the Canadian Securities Course with honours.
Brian Lock, Chairman
Mr. Lock has over 30 years of experience in the operations, feasibility, design engineering and construction of numerous precious metals and base metal mining projects around the world. Earlier in his career, Mr. Lock held senior positions with a major international mining consortium and two major engineering companies. In 1985, he founded Proton International Engineering Corp., a Canadian engineering and construction company devoted to the development of small- and medium-sized mining projects. Additionally, Mr. Lock has managed and/or served as a director of several Canadian public and private companies. He was an officer of Frontier Pacific Mining Corporation since early 2006 until it was taken over by Eldorado Gold in 2008, and is presently a Director of Canaco Resources Inc., Scorpio Gold Corporation and San Marco Resources Inc.
Peter Hawley, Director
Mr. Hawley has 33 years mining-industry experience that spans grassroots exploration through to development and production. He has worked extensively as a consulting geologist to a large number of intermediate and senior mining companies including Teck Corp., Noranda Inc., Placer Dome Inc. and Barrick Gold Corp. Mr. Hawley is also experienced in private and public company financing and corporate administration, and is currently Chairman, Director of Scorpio Mining Corporation, Director of Scorpio Gold Corporation, Abitex Resources Inc., Chimata Gold Corporation and Maxtech Ventures Inc.
Randal Gindi, Director
Mr. Gindi is a founder of Castle Peak and has been involved in the mining industry since 2001. Mr. Gindi is also a principal in multiple real estate corporations focused on property development and management, and has previously been involved as a principal in the management and merchandising of several retail department stores.
Allan Green, Director
Mr. Green is President and owner of Consellior SAS, a French company active in strategic advisory services to public and private companies. He is an active investor in both public and private sectors and has developed strong relationships within European financial institutions.
Jurgen Eijgendaal, Director
Mr. Eijgendaal is currently the Managing Director of Ghana Manganese Company Ltd. He is also the Managing Director of Nsuta Gold Mining Ltd., a 90% Grizal Enterprises Ltd owned (10% Government of Ghana) gold exploration Company with exploration activities immediately north of Castle Peak's land position. Prior to joining GMC, Mr. Eijgendaal worked in South Africa as Managing Director of an underground chromite ore mine. During his more than 14 years in Ghana, Mr. Eijgendaal has served as the President of the Ghana Chamber of Mines for two terms between 2006 and 2010, and is a former member of the Board of Directors of the Ghana Railway Development Authority. Mr. Eijgendaal holds a Master of Arts degree from the University of Leiden and currently resides in Ghana.