- Junior explorer Castillo Copper (CCZ) has highlighted eight important drilling targets at its Mkushi Project in Zambia from an infill soil sampling campaign
- The campaign tested 702 infill samples and goes hand in hand with a major soil sampling campaign from January
- Altogether, Castillo has confirmed eight target areas with copper anomalism and extended strike lengths ranging from 1.5 kilometres to 4.2 kilometres
- The company now plans to take on an induced polarisation survey in the area to delineate potential targets
- Once the IP survey is done, Castillo can then refine the test-drilling targets
- Shares in Castillo are trading 4 per cent lower this afternoon and are currently worth just under 5 cents each
Castillo Copper (CCZ) has highlighted eight important drilling targets at its Mkushi Project in Zambia from an infill soil sampling campaign.
The campaign tested 702 infill samples and was designed to help the company better understand the copper mineralisation within the Mkushi boundaries.
The sample testing goes hand-in-hand with a soil sampling campaign from January. Across the two campaigns, Castillo has collected 1899 samples from Mkushi.
Altogether, Castillo said the results have confirmed eight target areas with significant copper anomalism and extended strike lengths ranging from 1.5 kilometres to 4.2 kilometres.
The confirmed targets are in line with some northeast-southwest structures in the area that host the Mushiwemba Copper Mine, owned by Shi & Yan Mining Development Group.
Castillo Managing Director Simon Paull said the next phase of its work in Zambia will be geophysics for its Luanshya and Mkishi properties, with continued active drilling going on at its Big One deposit.
“Importantly, we are getting solid results out of Zambia and now have eight priority targets across the Mkushi Project that we could be test-drilling in 2021,” Simon said.
Castillo’s U.K.-based Director Ged Hall said the Zambia work has been steady.
“We continue to make good progress in Zambia, as the soil anomaly results are highly encouraging since they extend mineralisation along strike from a known operating copper mine,” Ged said.
Looking ahead, Castillo said it now plans to take on an induced polarisation (IP) survey to identify geophysical anomalies and delineate potential targets at Mkushi.
Once the IP survey is done, Castillo can then refine the test-drilling targets.
As for its Big One drilling program, the company said it plans to release an update from the deposit soon.
Shares in Castillo Copper are down 4 per cent this afternoon and trading for 4.8 cents each. The company has a $48.57 million market cap.