- Castillo Copper (CCZ) describes results from an induced polarisation (IP) survey undertaken at its Mkushi copper project in Zambia as “outstanding”
- The survey covered 40 pre-selected IP lines across 54 kilometres to test soil geochemical anomalism for potential disseminated copper mineralisation across three areas
- The company says the geophysical survey highlights multiple zones of high chargeability coincident with known copper soil anomalies, culminating in the identification of several disseminated copper sulphide targets for drill testing
- Castillo says its board of directors is now seeking a strategic partner to further develop its Zambian assets
- CCZ shares down 4.17 per cent down to 2.3 cents
Castillo Copper (CCZ) has described results from an induced polarisation (IP) survey undertaken at its Mkushi copper project in Zambia as “outstanding”.
The company said the geophysical survey highlighted multiple zones of high chargeability coincident with known copper soil anomalies, culminating in the identification of several copper targets for drill testing.
The survey covered 40 pre-selected IP lines across 54 kilometres to test soil geochemical anomalism for potential disseminated copper mineralisation across three areas.
Castillo said geophysicist interpretations point to potential bodies of disseminated copper sulphide mineralisation and prime prospects for drilling.
“The IP survey results from the Mkushi project are outstanding, especially as they throw off numerous potential targets to test-drill for copper mineralisation,” Castillo CEO Dr Dennis Jensen said.
“More significantly, it complements the results from the Luanshya project, which has 14 identified primary targets.”
Given the multiple prospects for drilling, Dr Jensen said the company’s board was actively seeking a strategic partner to further develop its Mkushi and Luanshya projects in Zambia.
CCZ shares ended the day’s trading session 4.17 per cent down to 2.3 cents.