Join our daily newsletter At The Bell to receive exclusive market insights
- Castillo Copper (CCZ) completes a thorough surface sampling program at the Litchfield Lithium Project in the Northern Territory
- The sampling was undertaken in two phases, with the first phase focusing on pegmatite dykes and 156 samples collected
- A further 501 samples were collected across four grids within four separate zones as part of the phase two program
- Results are pending for all samples and once received should provide insight into whether mineralisation continues from Core Lithium’s nearby Finnis Lithium Project into Litchfield
- Shares in Castillo are up 2.38 per cent on the market and are trading at 4.3 cents at 12:03 pm AEDT
Castillo Copper (CCZ) has completed a thorough surface sampling program at the Litchfield Lithium Project in the Northern Territory.
The sampling was undertaken in two phases with the first focusing on pegmatite dykes with 156 samples collected.
A further 501 samples were collected across four grids within four separate zones as part of the phase two program.
The sampling highlighted four target zones where previous comprehensive surface sampling has been undertaken and along the western boundary from Core Lithium’s (CXO) Finnis Lithium Project.
Results are pending for all 657 samples collected and once received, should provide key insights if mineralisation continues from Finnis into Litchfield.
As Castillo is only the third company to have reviewed Litchfield, Managing Director Simon Paull was pleased to have the opportunity.
“The depth of the surface sampling program conducted by the Vendor Group’s geology consultant is impressive, especially as it covers our main area of interest within the tenure,” Mr Paull said.
“Favourable assay results should make the case for the Litchfield Lithium Project significantly more compelling and hasten our due diligence efforts.”
Shares in Castillo were up 2.38 per cent on the market and were trading at 4.3 cents at 12:03 pm AEDT.
