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- Castillo Copper’s (CCZ) geology team verifies historical assay results from geochemical sampling at the Picasso Lithium Project in Western Australia
- Castillo sent 33 samples to the lab, targeting areas where granite and pegmatite outcrops were exposed, along with photos of pegmatite outcropping from within the east quadrant
- Multiple occurrences of pegmatite outcropping were noted within the tenure, with the potential to host lithium mineralisation
- The company says ongoing due diligence will continue at the Picasso Project, with surface sampling campaigns set to begin once assay results are returned
- Castillo Copper is trading 5.88 per cent up at 3.6 cents at 10:40 am AEST
Castillo Copper’s (CCZ) geology team has verified assay results from historical geochemical sampling at the Picasso Lithium Project in Western Australia.
The company said preliminary due diligence showed the surface occurrences aligned with pegmatite outcropping mapped by the Geological Society of Western Australian (GSWA), confirming 69 mapped pegmatites.
“Straight out of the gates, the preliminary due diligence has hit a high note at the Picasso Project, with multiple historical surface occurrences being confirmed and photographic evidence there is significant pegmatite outcropping with the potential to host lithium mineralisation,” Castillo Copper Managing Director Simon Paull said.
Thirty-three samples were taken, which predominantly targeted areas where granite and pegmatite outcrops were exposed. These comprised two soils, one stream sediment and 30 rock chips, along with numerous photos of pegmatite outcropping from within the east quadrant, all of which were then sent for analysis.
Multiple occurrences of pegmatite outcropping were noted within the tenure, with the potential to host lithium mineralisation. This is thought to provide numerous targets for integrated exploration.
“The Board is delighted with these initial findings and looks forward to receiving the assays results back from the laboratory,” Mr Paull said.
The company said ongoing due diligence would continue on the Picasso Project and it would begin surface sampling campaigns once assay results had been returned.
Castillo Copper was trading 5.88 per cent up at 3.6 cents at 10:40 am AEST.
