FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Castillo takes aim at Zambia targets

25 October 2021
ASX: CCZ
Rueben Hale

Castillo Copper has set its sights on as many as 14 drill targets within a five to 10-kilometre trend of copper mineralisation at the Luanshya project in Zambia’s rich copper belt.

A post-inductive polarisation survey has confirmed an associated copper anomalism across the 6-kilometre trend, identified in August.

Most encouragingly, the zone coincides with a previously identified five to 10-kilometre-wide northwest-southwest trendline hosting past and present mines and deposits.

The company said results highlight the potential for mafic sources of copper anomalism in the region.

“The geophysicists’ interpretations on the Luanshya Project is welcomed the news and highlight the exploration potential across this 6km soil anomaly,” managing director Simon Paull said.

“With the global copper market in the midst of a strong upcycle, due to perceived tight supplies, the Board is moving forward to expedite developing the Zambia copper assets.

This provides geographic exploration diversity across our copper asset portfolio, whilst we concurrently progress due diligence on the Litchfield & Picasso Lithium Projects.”

The company will progress updates at the Mkushi Project then analyse the results for incremental targets for test-drilling.

Meanwhile, work will commence on the inaugural drilling campaign at the Luanshya project.

In addition, ongoing due diligence for the Picasso and Litchfield Lithium projects continues, including the return of assay results for surface sampling campaigns.

CCZ’s Australian Stock Exchange-listed shares were trading at 4.3c (8:46 am GMT+ 8 hours).

COMPANY OVERVIEW

Castillo Copper is an Australian-based explorer primarily focused on copper across Australia and Zambia. We are embarking on a strategic transformation into a mid-tier copper group underpinned by our four high-quality assets: NWQ Copper: New discovery at the Big One Deposit within the Mt Isa copper-belt district of Queensland, with a further nine high-grade targets including the Arya Prospect Zambia – Zed Projects: Four high-quality prospective assets across Zambia’s copper-belt – the second largest copper producer in Africa Broken Hill: A large tenure footprint proximal to the world-class Broken Hill silver-zinc-lead deposit Cangai: One of Australia’s highest grading historic copper mines with a JORC compliant resource (3.2Mt @ 3.3%), up to 14.45% Cu and significant upside potential Castillo Copper is dual listed on the Australian Stock Exchange and London Stock Exchange under the ticker “CCZ”.

COMPANY INFORMATION

ASX: CCZ

Website

https://castillocopper.com/
https://www2.asx.com.au/markets/company/ccz

FREE DAILY STOCK MARKET NEWS

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

You have Successfully Subscribed!