Visible Copper Apparent In New Drill Holes on Big One Deposit RC Drill Program
Castillo Copper Limited (ASX:CCZ)has obtained promising early results in its RC drilling campaign at Big One Copper Deposit in Queensland.
During 4Q 2020, the contractor completed 20 drill-holes at the Big One Deposit, comprising six from the 200 series and 14 from the 300 series. To date, partial assays for visible copper has been received for the 200 series, with up to 4.1% Cu confirmed. For the 300 series, visible copper mineralisation has been noted for six drill-holes – BO_301-06RC.
Managing Director, Simon Paull, said the full assay results for all twenty drill-holes, which includes interpretations and relevant observations, is expected back from the laboratory, in two to three batches, shortly.
“Having completed 20 drill-holes of the current drilling campaign, the Board is delighted about the potential of the Big One Deposit,” Mr Paull said.
“Further, the Board is optimistic 2021 will be a transformative year and that significant value can be created for shareholders as the Mt Oxide Project is developed.”
Mr Paull said that with geological interpretations of current and historic data suggesting a shallow, high-grade scalable copper system apparent at Big One Deposit, the Board has prioritised forward plans for 1H 2021 which include:
- Undertaking a comprehensive geophysical survey to identify potential massive sulphide bedrock conductors that would extend known mineralisation and provide incremental test-drill targets along the strike extent.
- Finish the current RC drilling campaign as soon as practical then move onto the Arya Prospect.
- Start work on modelling up a JORC compliant resource at Big One Deposit and then, subject to the results of modelling, apply for a fresh mining lease.
