- Castillo Copper (CCZ) has intersected shallow, visible copper oxides and sulphides across six drill holes at the Big One deposit in Queensland
- Significantly, the company intersected 12 cumulative metres of black copper oxides and malachite
- These observations highlight the potential for extensions to the known mineralisation at Big One
- Castillo will now complete drilling at the Big One deposit and move onto the Arya Prospect
- Company shares are up 2.78 per cent on the market and are trading at 3.7 cents
Castillo Copper (CCZ) has intersected shallow, visible copper oxide and sulphide mineralisation across six drill holes at the Big One deposit.
Big One is part of the Mt Oxide Project which lies in the Mt Isa copper-belt district in northwest Queensland.
After a thorough review of the samples, Castillo interpreted that two to three zones of copper mineralisation are evident.
Additionally, 12 metres of black copper oxides were intersected, a further 10 metres of black copper oxides, malachite, and chalcocite were intersected, and seven metres of malachite, pyrite and chalcocite were intersected.
These observations highlight the potential for extensions to the known mineralisation at Big One.
Further, the observations complement the results achieved during the recently completed seven-hole drilling program.
So far, results for four of the holes have been received, while the full reports are being finalised and are expected shortly.
“Confirming shallow, visible copper oxides and sulphides across six drill-holes to intercept widths up to 12 metres is an outstanding result,” Managing Director Simon Paull commented.
“Encouragingly, it continues to build a compelling case for the scalability of the Big One deposit and potential for known mineralisation to be extended at depth,” he said.
“Once the current campaign is complete, the board’s strategic goal is to model up a JORC-compliant resource for the Big One deposit then commence applying for a mining lease,” he added.
Castillo will now complete drilling at the Big One deposit and then move onto the Arya Prospect.
Company shares are up 2.78 per cent and are trading at 3.7 cents at 10:39 am AEDT.