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- Castillo Copper (CCZ) appoints two contractors for an upcoming 18-hole drilling program at the East Zone within its BHA project in NSW
- AllState Drilling has been selected to perform the drilling program, and FieldCrew will manage the day-to-day aspects of the program
- Castillo hopes the drilling will improve its understanding of the rare earth element potential at two prospects within the East Zone
- The drilling plan follows the news that Australia has secured preferred status to supply critical minerals to the US’ electric vehicles battery program
- Castillo Copper shares last traded at 1.5 cents on August 30
Castillo Copper (CCZ) has appointed two contractors for an upcoming drilling program at the East Zone within its BHA project in New South Wales.
The company engaged AllState Drilling, a family-owned company based in Queensland, to perform the drilling program.
The program will include one diamond hole and 17 reverse circulation holes for 2100 metres, with the holes to be drilled to depths of between 100 and 160 metres.
Castillo has also appointed FieldCrew to manage the day-to-day aspects of the drilling program.
CCZ Managing Director Dennis Jensen said the company was “delighted” to have secured AllState and FieldCrew as key contractors for the program.
“Notably, AllState is a highly reputable drilling group, while FieldCrew has done considerable fieldwork across the BHA and NWQ copper projects,” Dr Jensen said.
The company said it hoped the drilling would deepen its understanding of the rare earth element (REE) potential at The Sisters and Iron Blow prospects within the East Zone. This comes after the recent news that Australia has secured preferred status for the supply of critical minerals to the US’ electric vehicle battery program.
At The Sisters prospect, two planned RC drill holes will target copper, cobalt, gold and REEs.
Over at Iron Blow, the geology team aims to test additional drill core samples from the core library to determine if there are further extensions to known mineralisation, as REEs have already been confirmed in the area.
Subject to approval from the NSW Resources Regulator, the CCZ board expects the drilling program will begin in the December quarter.
Castillo Copper shares last traded at 1.5 cents on August 30.
