- Castillo Copper (CCZ) has finalised drilling logistics and can now begin work at its Mt Oxide Project in Queensland
- Work is on track to start by mid-month, starting with the Big One Deposit then moving to the Arya Prospect
- Members of the geology and logistic teams recently visited Arya to outline the ideal access route and drill targets
- 14 holes will be drilled at Arya to target near surface and deep geophysical anomalies
- Castillo is up 2.44 per cent on the market with shares trading for 4.2 cents
Castillo Copper (CCZ) has finalised drilling logistics and can now begin work at its Mt Oxide Project in Queensland.
Work is on track to start by mid-month, beginning at the Big One Deposit then moving to the Arya Prospect.
Members of the geology and logistic teams recently visited Arya to outline the ideal access route and drill targets.
14 holes, for 3432 metres, will be drilled at Arya to target near surface and deep geophysical anomalies.
Three holes will target a massive sulphide bedrock conductor which spans an area of 1500 metres by 450 metres and reaches a depth of roughly 426 metres.
The remaining 11 holes will target several anomalous peaks at shallower depths.
Additionally, a contract with Depco Drilling has been formalised with payment consisting of script and voluntarily escrowed for a period of time.
“It’s pleasing to report all logistics to commence the drilling campaign at the Mt Oxide Project are now in place. In particular, we are delighted our drilling contractor has agreed to be partly compensated in scrip,” Managing Director Simon Paull said.
“Work is slated to commence at the high-grade Big One Deposit, then move on to the Arya Prospect where there is three principles interpreted targets including a sizeable potential massive sulphide conductor that is 130 metres thick,” he added.
Castillo is up 2.44 per cent on the market with shares trading for 4.2 cents each at 1:01 pm AEDT.