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Castillo Copper soil samples reveal five new copper prospects in Zambia

Exploration in Zambia represents the third pillar in Castillo’s three pillar strategy to build itself into a mid-tier copper company.

Castillo Copper Ltd - Castillo Copper soil samples reveal five new copper prospects in Zambia
Pillar I: Cangai Copper Mine (NSW), Pillar II: Mt Oxide Project (QLD), Pillar III: Zambia projects

Castillo Copper Ltd’s (ASX:CCZ) has received results from 1,126 soil samples collected from the Mkushi Project in Zambia.

Samples have discovered five new anomalous areas with strike lengths ranging from 2-7 kilometres along a 20.5-kilometre aggregate strike length.

Notably, 28 of the samples returned copper values over 250ppm.

Notably, the geology team found no evidence of prior pitting, trenching or drilling in the new anomalous zones, which were identified in the field using a portable XRF analyser.

Castillo now plans to review the results in-depth and then configure a geophysics campaign for the Mkushi Project.

It also plans to commence preparations for a field trip to conduct soil sampling at the Luanshya Project in Zambia.

Working towards a drilling program

Castillo’s managing director Simon Paull said: “The completion of the soil sampling campaign at the Mkushi project has delivered excellent early results for our priority Zambia pillar.

“Our geology team has captured a significant data set that has uncovered an aggregate 20km of new strike and five priority copper targets that potentially extend the known high-grade shear zone from SYG’s mining operations into the Mkushi project.

“Once our geology team have closely reviewed the results, then a ground geophysics program will performed, which will then enable test-drill targets to be formulated.

“The Board is delighted that our strategic intent to transform CCZ into a mid-tier group, through developing the three copper pillars, is now making solid progress.”

Quick facts: Castillo Copper Ltd

Price: 0.015 AUD

Market: ASX
Market Cap: $12.38 m

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on 21/2/20

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