Join our daily newsletter At The Bell to receive exclusive market insights
- Castillo Copper (CCZ) has finalised drill targets at the Arya prospect within the Mt Oxide pillar in Queensland
- 14 holes will be drilled to test for copper mineralisation near surface and potential massive sulphides at depth
- Castillo Copper will now plan the final drill design for the Big One Deposit and continue with its listing on the London Stock Exchange
- Company shares are up a steady 15.4 per cent on the market and are trading for three cents each
Castillo Copper (CCZ) has finalised the drill targets for the Arya prospect within the Mt Oxide pillar in Queensland.
Of the planned 14 holes, three will target a potential massive sulphide conductor, EG01, which is 130 meters thick and 426 metres deep.
The remaining 11 will test near-surface targets, EG02 and EG10, which are located 25 metres below surface and are 25 metres thick.
“The countdown to drill the Arya prospect, within the Mt Oxide pillar, has now begun,” Managing Director Simon Paull commented.
“Having secured all necessary regulatory approvals, our focus moves to logistics which includes appointing a drilling contractor, support teams and ensuring clear access to site,” he said.
“The drilling program has been exceptionally well designed, and our clear objective is to test for shallow supergene copper mineralisation and potential massive sulphides at depth,” he added.
Previous work done by BHP and other parties has confirmed high-grade copper mineralisation at surface, returning up to 18,400 parts per million (ppm) copper.
Additionally, BHP identified EG01, EG02, and EG10 but due to other factors at the time it did not follow-up with any additional programs.
Castillo Copper will now plan the final drill design for the Big One Deposit, and continue with its listing on the London Stock Exchange.
Company shares are up a steady 15.4 per cent and are trading for three cents each at 12:17 pm AEST.
