TORONTO, ONTARIO--(Marketwire - Nov. 6, 2007) - Castillian Resources Corporation (Castillian) (TSX VENTURE:CT) has intersected 38.5 meters grading 0.64% nickel, 0.34% copper, and 0.02% cobalt at the Mangabal South Deposit. This intersection includes 3.15 meters grading 1.06% nickel, 0.64% copper and 0.03% cobalt and also includes 9.85 meters grading 1.32% nickel, 0.43% copper and 0.04% cobalt in diamond drillhole CRMS-07-045 (estimated true widths are given in the table below).
Drillhole CRMS-07-041 intersected 25.7 Meters grading 0.51% Nickel, 0.24% Copper, and 0.02% cobalt including 5.55 Meters grading 0.94% Nickel, 0.47% Copper and 0.03% cobalt (estimated true widths are given in the table below).
David Gower, P.Geo., President & CEO of Castillian stated, "The delineation drilling on the Mangabal South deposit demonstrates good continuity and mineralization now extends 450 meters down the plunge of the zone. The deposit remains open down plunge to the southwest and has been tested to a shallow vertical depth of only approximately 165 meters from surface. The company is commencing the resource calculation with an independent contractor and is targeting having an initial NI 43-101 resource estimate by year-end. Given the current back log of pending assay data which totals 26 drill holes presently, the resource estimate may be delayed by several weeks while waiting for assays."
Assay results for five recently drilled holes from the Mangabal South Deposit including holes CRMS-07-041 and CRMS-07-045 are summarized in the following table and locations are shown in Longitudinal Section below (see releases dated May 16, April 24, July 4, July 24, Sept 18, and Oct 4, 2007 for previously released drill results):
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TRUE Ni Cu Co
HOLE # Azim Dip Depth FROM TO WIDTH WIDTH % % %
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CRMS-07-041 0 90 130 65.70 91.40 25.70 16.71 0.51 0.24 0.02
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incl 73.95 79.50 5.55 3.61 0.94 0.47 0.03
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incl 77.05 79.50 2.45 1.59 1.21 0.59 0.04
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CRMS-07-042 315 45 259.00 211.55 231.00 19.45 19.45 0.40 0.29 0.01
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incl 211.55 216.00 4.45 4.45 0.62 0.43 0.02
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CRMS-07-045 0 90 125.00 59.00 97.50 38.50 25.03 0.64 0.34 0.02
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incl 66.30 86.30 20.00 13.00 0.91 0.44 0.03
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incl 66.30 69.45 3.15 2.05 1.06 0.64 0.03
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and 76.45 86.30 9.85 6.40 1.32 0.43 0.04
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incl 76.45 82.50 6.05 3.93 1.65 0.45 0.06
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CRMS-07-047 315 80 80.25 18.25 44.10 25.85 19.90 0.56 0.14 0.02
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incl 29.65 40.55 10.90 8.39 0.79 0.18 0.03
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incl 29.65 33.60 3.95 3.04 1.22 0.28 0.04
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and 37.95 40.55 2.60 2.00 1.22 0.29 0.05
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CRMS-07-050 315 45 200.00 177.00 187.50 10.50 10.50 0.55 0.31 0.01
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incl 184.00 187.00 3.00 3.00 0.91 0.50 0.02
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See Figure 1 for pierce point location.
Assays are currently pending for twenty-six additional drill holes on the Mangabal South deposit and will be reported as results become available. Castillian is currently drilling with two drill rigs on the Mangabal South Deposit.
Quality Control
The company employs a QA/QC protocol on all aspects of the analytical procedures. Core samples are sawn and one half of the NQ core is restored to the core box for future reference and one half of the core is sent for analysis. Samples are taken in approx. 1.0-metre intervals or less. Sample preparation is completed at the SGS Lakefield preparation lab in Goiania, Brazil and assayed at ALS-Chemex lab in Vancouver, Canada or SGS Lakefield Lab in Belo Horizonte, Brazil using multi-acid digest/ ICP-AES and AAS techniques. A blank sample is inserted every 40th sample and standard samples representing a range of grades are inserted at intervals of 1 in 20 samples. Five percent of pulps are re-analyzed at SGS Laboratory Services in Belo Horizonte, Brazil or ALS Chemex Lab in Vancouver, Canada. This is the same QA/QC protocol that was employed by Falconbridge (now Xstrata) in operating the project.
The Quality Control and all aspects of the exploration program is supervised by Castillian Exploration Manager, Joel Hrominchuk, P.Geo., who is a Qualified Person as defined under National Instrument 43-101. Mr. Hrominchuk has reviewed the scientific and technical information in this press release.
David Gower, P.Geo., President and CEO of Castillian and a Qualified Person as defined by NI 43-101 has reviewed the content of this release.
About Castillian Resources
Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" with approximately 87.8 million shares issued and outstanding. Castillian has partnered with Xstrata Nickel to explore the approximately 153,000 ha Mangabal nickel-copper project in Brazil. The company is earning an interest in the Las Aguilas Nickel-Copper-PGM Project in Argentina from Marifil Mines Ltd. and has a 100% interest in the Kagera Project which comprises over 1,600 square kilometers in the highly mineralized Kabanga Nickel Belt in Tanzania and rights to acquire 90% of the Pederson deposit, an advanced gold exploration project in Bolivia that is currently under force majeure.
Forward Looking Statements
This document may contain or refer to forward looking information based on current expectations, including, but not limited to, mineralization projections, estimates regarding the timing for resource modeling and the preparation of a 43-101 compliant technical report and the impact of additional drills on the progress of the program. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.
To view Figure 1, Mangabal South Deposit Map, please visit the following link: http://www.ccnmatthews.com/docs/ct1106.pdf
FOR FURTHER INFORMATION PLEASE CONTACT:
Castillian Resources Corporation Julian Bharti Manager, Investor Relations (416) 861-5907 Email: info@castillian.ca Website: www.castillian.ca
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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