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- Castillo Copper (CCZ) uncovers “compelling” cobalt assays for the Fence Gossan and Ziggy’s Hill prospects at its BHA project’s East Zone in NSW
- The company says the assays come from relatively shallow historic drilling within the project’s defined target area
- Castillo suggests they provide incremental evidence of a potentially extensive cobalt system
- The company says are were several stand-out historic intercepts, especially from Fence Gossan, which align with earlier results from the project’s Tors and Reef Tank prospects
- Castillo says the assays will be codified and factored into a block model and mineral resource estimate (MRE)
- CCZ shares last traded at 2.3 cents on April 12
Castillo Copper (CCZ) has uncovered what it calls compelling cobalt assays for the Fence Gossan and Ziggy’s Hill prospects at its BHA project’s East Zone in New South Wales.
The company said the assays came from relatively shallow historic drilling within the project’s defined target area.
Castillo suggested they provided incremental evidence of a potentially extensive cobalt system.
The company said there were several stand-out historic intercepts, especially from Fence Gossan, which aligned with earlier results from the project’s Tors and Reef Tank prospects.
Castillo said the assays would be codified and factored into a block model and mineral resource estimate (MRE).
The company also dispatched diamond drill cores from five holes – including at The Sisters and Iron Blow prospects – to a laboratory to test for cobalt, zinc and platinum-group elements (PGE).
Assays relating to The Sisters (holes BH1 and BH25) were significant, according to Castillo, and would also feature in the block model and MRE.
“The Fence Gossan prospect assays are outstanding and provide the board with increased confidence there is potentially a significant underlying cobalt system within the BHA project’s East Zone,” CEO Dr Dennis Jensen said.
“In addition, the board looks forward to receiving the assays for 180 metres of diamond core from five drill holes, as it will clarify, firstly, the cobalt potential at The Sisters prospect and, secondly, if the north-west quadrant is prospective for cobalt, zinc, and PGE mineralisation.”
CCZ shares last traded at 2.3 cents on April 12.
