viewCastillo Copper Ltd

Castillo Copper’s first batch of assays reveal 10.25% copper at Cangai

Extensive massive sulphide mineralisation has been intersected across most holes.

Additional assay results remain pending

Castillo Copper Ltd (ASX:CCZ) has received assays from the first five drill holes of its 39-hole program at the Cangai Copper Mine in New South Wales.

Intersections include 11 metres at 5.94% copper, 2.45% zinc and 19.13 g/t silver from 40 metres including 1-metre grades of up to 10.25% copper, 6.04% zinc and 32.5 g/t silver.

The drill results confirm extensive massive sulphide mineralisation across the majority of holes completed.

READ: Castillo Copper strikes shallow massive sulphides in first holes of new drilling at Cangai project

Castillo’s chairman Peter Meagher said: “Assay results up to 10.25% copper, 6.04% zinc and 32.5 g/t silver from the first five drill-holes is extraordinary.

“The event clearly represents a demarcation point that materially distinguishes our Cangai Copper Mine project from numerous peers.

“Moving forward, the focus now is to leverage these outstanding results to extend the known mineralisation through commencing follow up DHEM surveys, which can optimise the remainder of the current drilling campaign.

“In addition, the board is looking forward to assay results from soil and rock-chip samples east of the line of lode, as they are likely [to] further extend the mineralised footprint.”

Strong credits for zinc-silver

The assay results highlight strong credits for zinc-silver, which supports the primary copper focus.

Furthermore, gold assays are still pending and the geology team expects them to be consistent with the high-grade nature of the deposit.

Overall, the results clearly highlight that Cangai is a high-grade deposit, with multiple base-metals prevalent within its mineralised footprint.

Quick facts: Castillo Copper Ltd

Price: 0.025 AUD

Market: ASX
Market Cap: $20.76 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Castillo Copper Ltd named herein, including the promotion by the Company of Castillo Copper Ltd in any Content on the Site, the Company...



Castillo Copper now has eight 'highly attractive' drilling targets to go...

Castillo Copper Ltd's (ASX:CCZ) Ged Hall tells Proactive they've identified a sizeable IOCG target that further adds to the exploration upside of the Mt Oxide pillar project in northwest Queensland. He says of the four Iron-Oxide Copper Gold (IOCG) targets identified - Crescent, Flapjack,...

on 28/4/20

2 min read