Castillian Nickel Spin Out Starts Diamond Drill Program
Castillian Resources Corp. ("Castillian" or the "Company") (News - Market indicators) is pleased to announce that Kibaran Nickel Limited an ASX listed company that trades under the symbol "KNL" ("Kibaran") has started a 3,000 metre drill program at its Kagera Nickel Project located in Tanzania. In October 2010, Castillian and Kibaran (formerly Kagera Nickel Limited) entered into an agreement whereby Kibaran acquired a 100% interest in the Kagera Nickel Project from Castillian (See Press Release dated October 28, 2010). Pursuant to this agreement, Castillian acquired 5,000,000 common shares of Kibaran, to be held in escrow, and 22,500,000 Kibaran performance shares to be converted into common shares of Kibaran pending receipt of certain positive drill results on the property. 
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Keywords :   Canada | Diamond | Gold | Market | Nickel | Tanzania |

The Kagera Nickel Project is located in western Tanzania. The key tenements are located approximately 10 kilometres northeast of Xstrata Nickel and Barrick Golds' Kabanga Nickel Deposit, one of the world's largest undeveloped high grade nickel sulphide deposit, which is currently undergoing feasibility studies. Total measured and indicated resources at Kabanga are reported at 37.4 million tonnes grading 2.59% nickel with an additional 16 million tonnes of inferred resources at 2.9% nickel (source: Xtrata Nickel website). 

The 3,000 metre Diamond drill program will initially focus on two highly prospective targets outlined by airborne and ground electromagnetic surveys that are closest to the boundary with the adjacent Kabanga property.

"The Kagera Project is located in a highly prospective belt that hosts world class nickel deposits," commented Dr. Bill Pearson, P.Geo., President & CEO of Castillian. "Castillian has excellent exposure to the potential upside of the project through its long term share ownership and potential performance shares.

About Kibaran Nickel Limited

Kibaran Nickel is focused on exploring the highly prospective Kagera Nickel project which is adjacent to the Kabanga Nickel Projects which are among the largest undeveloped, high grade nickel sulphide deposits in the world.

About Castillian Resources

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT", which has gold and base metal properties in Canada and South America. Castillian's flag ship property is the Hope Brook Gold Project located in southwestern Newfoundland, where it is carrying out a 15,000 metre drill program.

Cautionary Note Regarding Forward-looking Information

Data and Statistics for these countries : Canada | Tanzania | All
Gold and Silver Prices for these countries : Canada | Tanzania | All

Castillian Resources Corp.

EXPLORATION STAGE
CODE : CT.V
ISIN : CA1484043049
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Castillian Res. is a gold and cobalt exploration company based in Canada.

Castillian Res. holds various exploration projects in Argentina, in Bolivia, in Canada and in Tanzania.

Its main exploration properties are MANGABAL in Brazil, HOPE BROOK and PURE GOLD PROPERTY in Canada, SAN LUIS in Argentina and ACHACHUCANI (PEDERSON) in Bolivia.

Castillian Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 1.7 millions as of today (US$ 1.3 millions, € 1.1 millions).

Its stock quote reached its highest recent level on August 19, 2011 at CA$ 9.50, and its lowest recent point on February 13, 2015 at CA$ 0.01.

Castillian Res. has 56 940 000 shares outstanding.

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Annual reports of Castillian Resources Corp.
Annual Report 2006
Nominations of Castillian Resources Corp.
6/22/2011Appoints Two Independent Directors
Financials of Castillian Resources Corp.
5/2/2011CATCH THE WIND REPORTS YEAR-END FINANCIAL RESULTS FOR 2010
4/13/2011Re-Files September 30, 2010 Interim Financial Statements to ...
Project news of Castillian Resources Corp.
6/4/2013(Hope Brook)Ryan Gold Converts 10% Interest in Hope Brook Into Castillia...
1/17/2013(Hope Brook)Intersects 1.51 G Au/T Over 14.0 Metres in Connector Zone at...
11/1/2012(Hope Brook)Completes Acquisition of 100% Interest in Hope Brook Gold Pr...
6/28/2011(Hope Brook)to Complete Titan 24 Survey at Hope Brook, Newfoundland
5/30/2011(Hope Brook)Nickel Spin Out Starts Diamond Drill Program
4/26/2011(Hope Brook)Hope Brook Camp Connects to Newfoundland Power Grid
4/8/2011(Hope Brook)Intersects 2.78 Grams Gold Per Tonne Over 19.8 Metres in Pit...
3/25/2011(Hope Brook)Intersects 4.56 Grams Gold Per Tonne Over 8.9 Metres in Hang...
12/1/2010(Hope Brook)Confirms Near Surface Zone Extends 500 Metres Along Strike F...
Corporate news of Castillian Resources Corp.
6/25/2013and Ridgemont Iron Ore Announce Approval of Plan of Arrangem...
5/29/2013and Ridgemont Iron Ore Announce Interim Order, Shareholder M...
5/3/2013and Ridgemont Iron Ore Sign Definitive Agreement for Propose...
4/25/2013Adopts Advance Notice Policy
4/17/2013Strengthens Management Team With Justin Reid Appointed Execu...
4/11/2013and Ridgemont Iron Ore Announce Proposed Merger
2/15/2013to Implement Share Consolidation
2/6/2013Announces Completion of Option Obligations by Ryan Gold
12/11/2012(Hope Brook)Intersects 2.14 g Au/t and 0.45% Cu Over 29.6 Metres at Hope...
11/14/2012Sells Shares of Kibaran Resources for Proceeds of AUD 540,00...
10/24/2012Announces $2,000,000 Option Agreement With Ryan Gold
10/1/2012(Hope Brook)Hope Brook Indicated Mineral Resource Increases 102% to 590,...
9/19/2012Provides Corporate Update; Plans to Release Updated Mineral ...
7/14/2011Commences Exploration at Canadian Creek Property, Yukon
6/15/2011CATCH THE WIND TO HOLD FIRST QUARTER 2011 RESULTS CONFERENCE...
6/6/2011(Hope Brook)Intersects 1.60 Grams Gold Per Tonne Over 16.9 Metres in Nea...
5/16/2011CATCH THE WIND SIGNS SALES AGREEMENT WITH ILLINOIS INSTITUTE...
4/19/2011CATCH THE WIND TO HOLD FOURTH QUARTER 2010 RESULTS CONFERENC...
3/28/2011Global Acquires Remaining 30% Interest in Global Minerals Sl...
3/2/2011Announces $10 Million Bought Deal Private Placement of Commo...
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