Castillo Copper (ASX:CCZ) reports it has finalised targets for the upcoming drilling campaign at the Broken Hill Alliance (BHA) Project’s East Zone across four prospects in New South Wales.
Castillo notes that the campaign comprises one diamond core and 17 reverse circulation (RC) drillholes for 2,100m with depths ranging from 100m to 160m.
The objective of the campaign is to extend known mineralisation primarily for cobalt then copper, rare earth elements, and gold.
In turn, the geology team are targeting to use fresh assay data to refine the geological model which should facilitate updating the current global Mineral Resource Estimate (MRE) – 21,556t cobalt (64Mt @ 318 ppm Co) and 44,260t copper (63Mt @ 0.07% Cu).
A key goal is to increase the confidence of the current MRE and enhance the cobalt grade. To potentially achieve this objective, the drilling at Fence Gossan, Reefs, and Tors Tanks prospects has been designed to penetrate deep enough to intersect two lower cobalt-rich zones.
Commenting on the drill program, Castillo Copper Managing Director Dennis Jensen said: “The board’s strategic intent with the upcoming drilling campaign is to extend known cobalt mineralisation as well as enhance the confidence and grade of the current MRE.
“The board’s strategic intent with the upcoming drilling campaign is to extend known cobalt mineralisation”
Further, with the geology team having undertaken extensive due diligence across the East Zone, the board is confident the targets selected for test-drilling should significantly deepen our understanding of the underlying system.”
Castillo Copper is an Australian-based explorer primarily focused on copper across Australia and Zambia. It has a large tenure footprint proximal to Broken Hill’s ‘world-class’ deposit that is prospective for cobalt-zinc-silver-lead-copper-gold and platinoids.
Images: Castillo Copper Ltd
