Total
0
Shares
CCZ geology team. Source: Castillo
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • 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.

CCZ by the numbers
More From The Market Herald
icetana Limited, ICE - CEO, Matthew Macfarlane

" icetana Limited (ASX:ICE) signs Memorandum of Understanding with Threat Protect (ASX:TPS)

icetana Limited (ICE) has signed a memorandum of understanding with Threat Protect Australia (TPS).
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
APM (ASX:APM) - CEO, Michael Anghie

" APM Human Services (ASX:APM) expands, acquiring Lifecare

APM Human Services International (APM) has acquired physiotherapy and home care group Lifecare for $68 million.

" Celamin (ASX:CNL) secures commitments to raise $3.2m

Celamin Holdings (CNL) has secured binding commitments to raise $3.2 million at 7.5 cents per share. The company will issue up to 42.6...