- Castillo Copper (CCZ) commences drilling at the Arya Copper Prospect, which is located in the Mt Isa copper-belt
- The drilling started after the largest mobilisation effort in Castillo’s history, which included lifting the drill-rig and equipment by helicopter
- Castillo says the key focus of the program is to drill test the three targets identified by BHP in the mid-1990’s
- Castillo is up 5.41 per cent and is trading at 3.9 cents per share at 10:51 am AEDT
Castillo Copper (CCZ) has commenced drilling at the Arya Copper Prospect, which is located in the Mt Isa copper-belt.
The drilling started after the largest mobilisation effort in Castillo’s history, which included heli-lifting the drill-rig and equipment.
Castillo said the key focus of the program is to drill test the three targets identified by BHP in the mid-1990s. This includes EG01, EG02, and EG10.
Of these targets, EG01 has been interpreted as a potential massive sulphide bedrock conductor.
If the initial observations and findings from the drilling are encouraging, the program will be expanded to test the full extent of any underlying system.
Additionally, the geology team will also be undertaking a 200 metre by 200 metre mapping and rock chip sampling campaign which is designed to extend the known surface anomaly to the south.
Managing Director Simon Paull commented on the drilling program.
“Of the 22 targets that we have across the tenure in the Mt Isa region, the Arya
Copper Prospect has generated the most intrigue and interest among stakeholders,” Mr Paull said.
“The geochemistry and geophysical evidence have all provided compelling evidence the three targets are potentially among the best within our tenure. As such, the board optimistically looks forward to the initial observations as the campaign progresses.”
On the market this morning, Castillo was up 5.41 per cent and is trading at 3.9 cents per share at 10:04 am AEDT.