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- Castillo Copper (CCZ) finds potential metal and graphite mineralisation at the Arya Prospect located in Mt Isa, Queensland
- Of the three drill holes completed, from two drill pads, intersected thick horizons of black carbonaceous siltstone/ schist
- The standout was drill hole AR_002RC, reaching a depth of 238 metres
- Castillo will continue the drilling campaign until the end of the month and resume in 2022
- On the market this morning, Castillo Copper is in the grey and trading at four cents per share
Castillo Copper (CCZ) has announced initial findings from the drilling campaign currently underway at the Arya Prospect located in Mt Isa, Queensland.
Of the three drill holes completed from two drill pads intersected thick horizons of black carbonaceous siltstone/ schist.
Around 200 metres of dark grey and black carbonaceous siltstone/ schist was intersected, with occurrences of scattered base-metal sulphides and fine-grained graphite mineralisation.
The standout was drill hole AR_002RC, reaching a depth of 238 metres.
All samples have now been sent to the laboratory for analysis for base/speciality metals and total graphitic carbon.
Castillo will continue the drilling campaign until the end of the month and resume in 2022.
Once the assays are returned, the geology team will conduct a full review and chart the next targets to focus on.
Additionally, the team intends to drill-test the sizeable magnetic anomaly near EG01, EG02 and EG10, as this could potentially be the primary source of base metal mineralisation.
Managing Director, Simon Paull, said the findings from this drilling campaign are “quite remarkable”.
“This is an exciting development, particularly given strong prevailing demand for battery related minerals such as copper, cobalt, and graphite,” he said.
“The board looks forward to reviewing the assay results and remains committed to
continued drilling at the Arya Prospect.”
On the market this morning, Castillo Copper was in the grey and trading at four cents per share at 10:04 am AEDT.
