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Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald
Managing Director, Simon Paull
Source: Castillo Copper
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  • Castillo Copper (CCZ) begins a comprehensive drilling program at the Mt Oxide Project in Queensland
  • Both reverse circulation and diamond drilling will be carried out across the Big One, Arya and Sansa prospects
  • Drilling will test new and existing target to extend the known copper mineralisation as well as test multiple bedrock conductors
  • To manage the program, Castillo appoints David Drakeley from geology consultancy, FieldCrew Group
  • Castillo is down 7.14 per cent with shares trading at 3.9 cents at 10:40 am AEST

Castillo Copper (CCZ) has begun a comprehensive drilling program at the Mt Oxide Project in Queensland.

Both reverse circulation (RC) and diamond drilling will be carried out across the Big One, Arya and Sansa prospects.

A total of 26 holes, for 2828 metres, will be drilled at the Big One Deposit to test new and existing targets to extend the known copper mineralisation.

To ensure optimal results, the program was re-designed following a recent induced polarisation survey and geophysics review.

Simultaneously, a downhole electromagnetic (DHEM) survey is being undertaken to enable further insights into the density of the copper mineralisation.

Once Castillo completes drilling at Big One, the drill rigs will move to the Arya and Sansa prospects where multiple bedrock conductors have already been identified.

The logistics and geology teams are finalising access, drill program design and site preparation to allow for immediate start.

To manage this work, Castillo has appointed David Drakeley from geology consultancy company FieldCrew Group.

"Over the next few months the board's core focus is to maximise exploration efforts across our flagship Mt Oxide Project," Managing Director Simon Paull said.

"More pointedly, with a plethora of high-quality drivable targets, shored up by ample funding, the board's strategic intent to transform CCZ into a mid-tier copper group is set to gain considerable momentum."

Castillo was down 7.14 per cent with shares trading at 3.9 cents at 10:40 am AEST.

CCZ by the numbers
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