Sign up Australia
Proactive Investors - Run By Investors For Investors

Castillo Copper backs up January results with further drilling success

The board is encouraged by the section of highly mineralised sulphide zones at Cangai.
Map of New South Wales
The drilling program clearly implies there is significant potential for resource upgrades

Castillo Copper Ltd (ASX:CCZ) has delivered promising results from drilling at its Cangai Copper mine in New South Wales, part of the company’s Jackaderry Project.

Drilling logs confirmed that 7 out of 8.5 drill-holes intersected sulphide mineralisation.

The best intersection was 30 metres thick and came from an untested area between two known JORC modelled lodes.

Results backup promising data from mid-January

The company has intersected highly mineralised sulphides ranging from disseminated and breccia sulphides on the outer zones.

These trended to semi-massive/massive veins within the core of the shear zone.

The results come on the back of promising drill sections identified in mid-January.

READ: Castillo Copper drill results validate high-grade Sandfire-like copper deposit

Armstrong buoyed by intersection of highly mineralised zones

The drilling program has also confirmed the veracity of the current JORC model and clearly implies there is significant potential resource size upside.

Alan Armstrong, executive director, said: “The board is highly encouraged by the progress of the drilling campaign to date, particularly the news that highly mineralised sulphide zones have been intersected.

"Our objective is to re-open Cangai Copper Mine and so far the evidence suggests we are on track to achieve this goal.”

Objectives for balance of drilling program

After reviewing the results from recent drilling, the company aims to develop a large bulk open pit resource at Cangai.

The focus will be on gathering further evidence over the balance of the drilling campaign to increase the current JORC compliant copper-zinc-gold-silver resource. 

View full CCZ profile View Profile

Castillo Copper Ltd Timeline

Related Articles

September 30 2017
The firm owns 45% of the property, while joint venture partner Agnico Eagle has the rest (55%).
July 10 2017
Find out more from Lithium Power International Ltd at the Proactive's CEO Sessions.
Graphite concentrate
March 22 2018
Hayes noted that Bunyu North product samples have returned excellent first-stage processing results.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use