Castillo Copper Limited (ASX:CCZ) reports that it has intersected “significant” visible copper mineralisation from its current 26-hole RC drill campaign at the Big One Deposit, within its Mt Oxide Project in NW Queensland.
Hole BO_318RC intersected visible copper mineralisation, in two distinctive zones – 11m from 89-100m and 34m from 153-187m (apparent thickness). Notably, massive copper sulphide mineralisation, chalcopyrite, and chalcocite were clearly observed.
Seven RC holes completed
To date, seven drill holes have been completed in the 26-hole campaign. All seven completed drill-holes, through visual inspection, appear to have intersected copper mineralisation, with key intercepts shown below:
Mt Oxide project
The Mt Oxide Project is located within the Mt Isa copper-belt in Queensland, Australia. Significant prospects include the Big One Deposit, Sansa Prospect, and Arya Prospect.
CCZ recently commenced a comprehensive drilling campaign across the three key prospects.
At the Big One deposit, the company commenced 26 drill-holes for 2,828m, with the focus on intersecting new targets off the 1,200m strike event to extend known copper mineralisation.
What’s next?
All samples from drill-holes BO_318 – 321RC are currently with the laboratory for follow-up analysis, while results from BO_315 – 317RC are expected to be received soon.
Drilling continues at Big One, with a further 19 holes to be completed, and CCZ plans to finalise logistics, access, cultural heritage, and targets for the drilling campaign at Arya.
“Hitting copper mineralisation seven times from seven starts is an outstanding way to progress the drilling campaign at the Big One Deposit”
Management statements
Castillo Copper Managing Director Simon Paull said: “Hitting copper mineralisation seven times from seven starts is an outstanding way to progress the drilling campaign at the Big One Deposit.
Moreover, the result from drill-hole 318RC is excellent, throwing off two zones of visible mineralisation totalling 45m and confirms massive copper sulphides are apparent.
In addition, 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.”
Images: Castillo Copper Limited