FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Castillo moves on massive Queensland copper target

14 September 2021 12:41
ASX: CCZ

Castillo Copper is mobilising crews to test-drill a 130-metre thick sulphide target at the Arya prospect, part of the aptly named Big One deposit, in the famous Lachlan Fold belt in Queensland’s historic Mt Isa region.

The company has managed to remain focused on the exciting deposit, while maintaining momentum in Zambia, finalising operational requirements to enable drilling into the shallow 130m thick, 1,500m long, and 450m wide target in coming weeks.

Castillo said it had appointed locally experienced operator Down Force Drilling given the nature of operating in such a challenging environment and the importance of the task.

It also said the highly-anticipated completed assays would arrive any day, which it is confident will assist with detailed planning ahead of getting drilling underway.

“The board is delighted to confirm mobilisation to the Arya Prospect during the last week of September 2021,” managing director Simon Paull said.

“Further, we look forward to shortly receiving the full assays and key interpretation work for the Big One deposit.

“Moving forward, the Board’s goal is to concurrently progress developing the Queensland and Zambia projects while bringing in third parties for the New South Wales assets.”

The company’s Australian Stock Exchange-listed shares had risen 6.45 per cent today, trading at 3.3c (11:16 am GMT+ 8 hours).

The Market Bull Logo

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!

Share This