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Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull
Managing Director, Simon Paull
Source: The Market Herald
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  • Castillo Copper (CCZ) is set to target further extensions to the mineralised zone at the Big One deposit at Mt Oxide
  • A planned drilling campaign will target extensions at depth under a supergene ore layer along the main lode line
  • Other targets to the north and south of the lode will also be tested for mineralised extensions
  • Castillo still needs to seek approval for the next phase of drilling, and also needs to appoint a drill contractor
  • The company is currently working on publishing a detailed review of the nearby Arya prospect, with a view to further expansion at the site
  • Castillo Copper is trading 3.85 per cent higher today at 2.7 cents per share

Castillo Copper (CCZ) is set to target further extensions to the mineralised zone at the Big One deposit at Mt Oxide.

Big upside at Big One

Historical workings at Big One consisted of three open pits along a 600-metre line of lode.

Drilling in the 1990s intercepted promising grades of shallow supergene copper ore. The next phase of drilling will aim to test for mineralised sulphides beneath the supergene ore layer.

Exterior to the main lode line are two other targets – a sizeable gossan to the north, and several southern areas which show elevated copper mineralisation at surface.

Gossans can be an indicator of what lies beneath the surface, and are often associated with massive sulphide deposits.

Further field exploration and drilling will be undertaken to verify historical reports of gossan mineralisation.

Likewise, the southern areas of suspected mineralisation will be probed to identify possible extensions to Big One’s footprint.

Castillo Copper Managing Director Simon Paull says there’s big upside at Big One.

“The main focus of the expanded drilling program is to hit all the main targets along the line of lode, particularly to test for extensions to known mineralisation at depth,” Simon said.

“In addition, there are now targets north and south of the strike zone which are highly prospective for underlying copper mineralisation.”

The drilling will be aimed at getting a better understanding of the deposit’s underlying geology, and to identify the viable mineralised zones within the porphyry dykes and a suspected fault splay.

Next steps

Castillo still needs to seek approval for the next phase of drilling, and also needs to appoint a drill contractor.

Once those approvals and contracts are in place, the company can continue to expand the promising prospect.

The company is also working on publishing a detailed review of the nearby Arya prospect, with a view to further expansion at the site.

Castillo Copper is trading 3.85 per cent higher today at 2.7 cents per share at 12:09 pm AEST.

CCZ by the numbers
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