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Castillo Copper identifies multiple targets at Mt Oxide

Castillo’s geology team’s preliminary interpretations from reviewing the reports have surpassed expectations.

Castillo Copper Ltd - Castillo Copper identified multiple targets at Mt Oxide
Further Mt Oxide updates will be released over the coming weeks

Castillo Copper Ltd (ASX:CCZ) has generated a number of prospects through reviewing geological data at its Mt Oxide Project near Mt Isa in Queensland.

Work to date infers that Mt Oxide’s mineralisation is consistent with mines and deposits across Mt Isa’s globally renowned mining province.

A snap-shot of the prospects’ current status quo follows:

  • Wall, Pancake & Johnnies: copper-zinc-lead-gold-silver observations in outcrop consistent with Mt Isa style mineralisation;
  • Crescent: new prospect – visible gold in stream sediments; silver noted in outcrops & stream sediments;
  • High-grade Big One Deposit: Preliminary drilling program formed targeting massive sulphides below supergene ore;
  • Arya prospect: Preliminary drill targets formulated to test the massive sulphide anomaly; and
  • High-grade Boomerang Mine: geophysics / soil sampling needed to build on known 800m copper strike.

Work by the geology team will continue with further details on Mt Oxide’s prospects expected over the coming weeks

Fast-tracking Mt Oxide’s development

Castillo’s managing director Simon Paull said: “The geological interpretations from the new data delivers us the ability to look at the Mt Oxide pillar from a truly macro perspective.

“It’s an extremely exciting position for CCZ moving forward, as we now have five mineralisation styles within the tenure boundaries and, critically, evidence of Mt Isa style signature.

“Factoring in known prospects, fast-track developing the Mt Oxide pillar is now central to our plans to transform CCZ into a mid-tier copper group.”

Proactive caught up with Castillo in January for an update.

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ASX:CCZ
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Market Cap: $9.08 m
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Castillo Copper's Ged Hall updates on key assets and progress on London dual...

Ged Hall works with London stockbroker SI Capital and is also a non-exec director at Castillo Copper Ltd's (ASX:CCZ). He discusses how the two came to work together as well as updates on what Castillo's doing as far as the Mt Oxide project in Queensland, Australia. 

on 21/2/20

2 min read