CALGARY, Oct. 27 /CNW/ -- Castle Resources Inc. has today announced highlights of drill results on Stratabound's 100%-owned Elmtree Gold project. Castle can acquire a 60% interest in the property by:

-  Spending $2,500,000 on drilling and exploration before June 1, 2012,
including a minimum of $750,000 before June 1, 2010, and an additional
$750,000 before June 1, 2011
-  Paying Stratabound $100,000 and 200,000 shares of Castle upon signing
of the agreement (received)
-  Making additional payments of $50,000 to Stratabound on June 1, 2010
and June 1, 2011
Castle can acquire another 10% by paying Stratabound $1,000,000 within 90
days of earning the initial 60%.
The verbatim text of Castle's press release follows:
"Castle Resources Announces 29 Meters of 2.43 g/t Gold at Surface from
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Elmtree Gold Project in New Brunswick
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-  Moving Elmtree gold project toward Preliminary Economic Assessment
Toronto, Ontario, October 27, 2009: Castle Resources Inc. (TSX.V: CRI)
("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.