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Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull
Managing Director, Simon Paull
Source: Castillo Copper
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  • All seven holes drilled so far at Castillo Copper’s (CCZ) Big One deposit have intersected copper, including visible mineralisation up to 34 metres thick
  • The company is in the early stages of a 26 reverse circulation drill effort within its wholly owned Mt Oxide copper project in Queensland
  • CCZ has intersected visible copper mineralisation in two distinctive zones of 11 metres from 89 to 100 metres and 34 metres from 153 to 187 metres
  • Castillo affirms these finds could indicate the presence of a larger underlying system than initially anticipated
  • Castillo Copper shares were up 15.8 per cent and trading at 4.4 cents at 1:25 pm AEST

All seven holes drilled so far at Castillo Copper’s (CCZ) Big One deposit have intersected copper, including visible mineralisation up to 34 metres thick.

The company is undertaking a 26 reverse circulation drill program at the deposit, which is situated with CCZ’s wholly owned Mt Oxide copper project in the Mt Isa copper-belt of Queensland.

Drill-holes BO_318RC delivered particularly encouraging results for the company, intersecting visible copper mineralisation in two distinctive zones of 11 metres from 89 to 100 metres and 34 metres from 153 to 187 metres.

CCZ said all samples from this drill were currently with the laboratory for analysis.

Castillo affirms the finds verify material extensions to known mineralisation and indicate a potentially larger underlying system than initially thought.

Castillo Copper’s Managing Director Simon Paull said hitting mineralisation in all seven holes so far was outstanding progress.

“The board is delighted there is clear evidence that known copper mineralisation has been extended and looks forward to releasing interpreted insights from upcoming assays results,” he said.

The drilling campaign is set to continue at the Big One Deposit with a further 19 drill holes still to come.

Castillo Copper shares were up 15.8 per cent and trading at 4.4 cents at 1:25 pm AEST.

CCZ by the numbers
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