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- Castillo Copper (CCZ) sets out its objectives for 2022, following the chief geological consultant’s visit to the NWQ Copper project in Queensland
- The company plans to prioritise geological modelling of an inaugural JORC compliant resource, as well as a third infill drilling campaign at the project
- Within the project area, CCZ will continue drilling at the Arya prospect, and undertake a full assessment of the Eldorado prospects potential to host copper mineralisation
- Shares in CCZ are up 1.43 per cent to 3.6 cents
Castillo Copper (CCZ) has set out its objectives for the new year, following the chief geological consultant’s visit to the NWQ Copper project in northwest Queensland.
According to the company, the consultants visit, the Big One deposit has provided fresh insights.
For 2022, the company said it will prioritise geological modelling of an inaugural JORC compliant resource, as well as a third infill drilling campaign at the project.
The plans for this work follow from recent and historical drilling campaigns which intersected shallow copper mineralisation.
Additionally, CCZ has noted a bedrock conductor north of the line of lode, which is larger and of a different character than the IP anomaly drilled in 2020, that is yet to be drill-tested.
Within the project area, drilling is set to continue at the Arya prospect, while further exploratory work is scheduled to fully assess the potential of the Eldorado prospect to host copper mineralisation.
The company board is also planning to review the timeline to secure a mining lease and consult with potential off-take partners in the Mt Isa region, to understand the logistics and costs to process third-party ore.
Shares in CCZ are up 1.43 per cent to 3.6 cents.
