- Castillo Copper (CCZ) has received preliminary interpretations from the inaugural induced polarisation (IP) survey at the Big One Deposit in Queensland
- The recent IP survey consisted of six lines to identify massive new sulphide bedrock conductors along the strike of the known mineralisation
- One of the lines identified a significant untested bedrock conductor 200 metres north of a previously identified high-grade discovery
- This line also hosts three additional prospective anomalies which boost the exploration potential of Big One
- The geophysical consultant will now prepare a 3D model of the IP survey data to identify targets for an upcoming drilling program
- Shares in Castillo Copper are up 8.05 per cent and are trading at 4.7 cents
Castillo Copper (CCZ) has received preliminary interpretations from the inaugural induced polarisation (IP) survey 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.
The recent IP survey consisted of six lines, measuring between 500 and 700 metres in length, to identify massive new sulphide bedrock conductors along the strike of the known mineralisation.
Additionally, Castillo Copper’s geology team wanted further insight into several underexplored anomalies.
One of the lines identified a significant untested bedrock conductor 200 metres north of a high-grade discovery.
This line also hosts three additional prospective anomalies which boost the exploration potential of Big One.
“Overall, the geophysics campaign has successfully identified a possible extension to known mineralisation beyond the line of lode at the high-grade Big One Deposit,” Managing Director Simon Paull said.
“More importantly, however, it has delivered several new high priority structural targets for the next phase of drill-testing that enhance the overall exploration potential,” he added.
The geophysical consultant will now prepare a 3D model of the IP survey data to identify targets for an upcoming drilling program.
This drilling program will be finalised shortly and the team will mobilise to site.
Shares in Castillo Copper are up 8.05 per cent and are trading at 4.7 cents at 11:21 am AEST.