- Castillo Copper (CCZ) intersects up to 9.19 per cent copper from the Big One Deposit in northwest Queensland
- Furthermore, visual inspection from holes 332 to 337 identified further copper mineralisation
- Best results come from hole 326 which identified copper up to 26 metres thick
- Results are now being rushed and are expected in the next few weeks
- Shares in Castillo are up 5.13 per cent on the market and are trading at 4.1 cents at 11:46 am AEST
Castillo Copper (CCZ) has intersected up to 9.19 per cent copper from holes BO_315-317RC at the Big One Deposit.
The Big One Deposit is part of the Mt Oxide Project which lies in the Mt Isa copper-belt district in northwest Queensland.
Other results include nine metres at 1.42 per cent copper from 88 metres, three metres at 1.22 per cent copper from 65 metres and five metres at 1.06 per cent copper from 141 metres.
Furthermore, visual inspection from holes BO_322-327RC identified further copper mineralisation.
Best results come from hole 326 which identified copper mineralisation up to 26 metres thick.
Samples from holes 318 and 326 are currently being rushed and results should be received in the next few weeks.
Managing Director Simon Paull is excited by the results received so far and is looking forward to further results.
“It is encouraging there is a strong correlation between visual mineralisation and the assays as the board optimistically looks forward to receiving further results,” Mr Paull said.
“Otherwise, the progress of the drilling campaign is taking shape, especially verification of the underlying copper system at the Big One Deposit is likely to be larger than our geology team’s initial expectations.”
Shares in Castillo were up 5.13 per cent on the market, trading at 4.1 cents at 11:46 am AEST.