FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

Ayra’s massive potential takes shape

17 November 2021
ASX: CCZ
Rueben Hale
Grade Control RC Drilling

With just three drill holes completed so far, CCZ has uncovered 200 metres of exciting base metal and super fine-structured graphite showings while drilling into the Arya prospect’s ominous sulphide anomaly.  

The successful start will provide the first pixels, bringing into view the giant target’s width, length, and depth-first considered in Queensland’s rich Mt Isa copper belt by BHP during the mid-1990s.  

The most anticipated AR_002 reverse circulation hole, reaching a depth of 238 metres below the site’s sun-baked surface, struck dark grey and black carbonaceous siltstone and schist at just under 40 metres short of the final ascent.   

The telling matter revealed scattered copper and cobalt sulphides and graphite mineralisation, leaving further upside on the table with all instances remaining open depth.   

Promisingly, the AR_001RC also fared well with scattered chalcopyrite observed to be hosing copper sulphide mineralisation.    

“The preliminary findings from the drilling campaign are quite remarkable, as over 200m of carbonaceous siltstone and schist, exhibiting occurrences of base metal sulphides and fine-grained graphite mineralisation, was intersected,” managing director Simon Paull said.   

“This is an exciting development, particularly given prevailing solid demand for battery-related minerals such as copper, cobalt, and graphite.    

“The Board looks forward to reviewing the assay results and remains committed to continued drilling at the Arya Prospect.”       

Samples have been dispatched to the laboratory for comprehensive analysis for base and speciality metals, plus total graphitic carbon.   

Meanwhile, drilling will continue through to the end of the month before resuming early in the new year, with the next exploration phase targeting known electromagnetic anomalies EG01, EG02 & EG10.   

The geology team are also planning to drill test the significant magnetic anomaly to the south of EG01, EG02 & EG10 as this may be a primary source of base metal mineralisation.      

CCZ’s Australian Stock Exchange-listed shares opened today at 4c (7.30am UTC+ 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!