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Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald
Managing Director, Simon Paull
Source: The Market Herald
  • Junior miner Castillo Copper (CCZ) has confirmed the presence of more high-grade copper across its Big One deposit in Queensland
  • The copper was revealed in assay results from 24 rock chip samples taken from excavated ore and unexplored areas across the deposit
  • The best results show up to 33.2 per cent copper, while the average across the 24 samples was 6.7 per cent copper
  • This is in line with previous drilling at Big One, which struck results of up to 28.4 per cent copper
  • Castillo plans to kick off a drilling program at the deposit on October 12
  • Shares in Castillo Copper are trading just over two per cent higher this morning, worth 4.7 cents each

Junior miner Castillo Copper (CCZ) has confirmed the presence of more high-grade copper across its Big One deposit in Queensland.

The copper was revealed in assay results from rock chip samples taken from excavated ore and unexplored areas across the deposit.

Altogether, 24 rock chip samples were assayed. The best results showed 33.2 per cent copper, 32.1 per cent copper, and 26.6 per cent copper in some samples, while the average across the 24 samples was 6.7 per cent copper.

Importantly, the Castillo said these assays are consistent with previous drilling results, which struck hits of up to 28.4 per cent copper. Other significant results from this previous drilling included an eight-metre hit grading 2.33 per cent copper from 44 metres, which itself included a six-meter zone grading three per cent copper from 45 metres and a five-metre zone grading 3.28 per cent copper from 45 metres.

Castillo Managing Director Simon Paull said the company's drilling team is now working with the area's landowner to get a drilling program underway in mid-October.

"Securing confirmation that high-grade rock chip assays are reconcilable with the previous drilling campaign is excellent news on the eve of the campaign getting underway," Simon said.

The company's U.K. director, Ged Hall, said the new assays are a great validation of the high-grade ore seen at the Big One deposit.

"It gives the team tremendous confidence to see these results spread across the tenure and including target areas that will be drilled soon," Ged said.

Castillo plans to kick off the next drilling campaign on October 12. Before the program starts, however, the company's geology team will re-visit the sites to make sure the drill targets are correctly aligned in order to ensure optimal outcomes.

Shares in Castillo Copper are trading a slight 2.17 per cent higher this morning, worth 4.7 cents each at 10:16 am AEST.


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