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Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull
Managing Director, Simon Paull
Source: Castillo Copper
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  • Castillo Copper (CCZ) has identified up to 14 drill targets at its Luanshya Project in Zambia’s copper-belt following an induced polarisation (IP) survey
  • A consultant geophysicist noted several zones of high chargeability with associated copper anomalism within a six-kilometre zone of copper surface anomalism
  • Castillo says there is now enough data to map out an inaugural drilling campaign for the project to test the targets
  • Negotiations with drilling contractors will soon get underway to help formalise a program timeline
  • Castillo Copper are trading up 2.38 per cent at 4.3 cents

Castillo Copper (CCZ) has identified up to 14 drill targets at its Luanshya Project in Zambia’s copper-belt.

The chargeable zones were identified during a recent induced polarisation (IP) survey within a six-kilometre zone of copper surface anomalism.

A consultant geophysicist who interpreted the survey results noted there were several zones of high chargeability with associated copper anomalism, suggesting there are potential bodies of disseminated copper sulphide mineralisation.

The geophysicist also highlighted the high-chargeability zones are coincident with a previously identified trendline that hosts operating mines and deposits. This company said this suggests that any underlying mineralisation could be structurally controlled, with the potential for mafic sources of copper anomalism in the region.

Castillo added there was now enough data to map out an inaugural drilling campaign for the project to test the targets.

CCZ’s Managing Director Simon Paull said the interpretation results were welcome news and highlight the exploration potential across the soil anomaly.

“With the global copper market in the midst a strong upcycle, due to perceived tight supplies, the board is moving forward to expedite developing the Zambia copper assets,” Mr Paull said.

Negotiations with drilling contractors will soon get underway to help formalise a program timeline.

Castillo Copper were trading up 2.38 per cent at 4.3 cents each in morning trade on Monday.

CCZ by the numbers
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