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Castillo Copper find a triple threat

2 August 2022
ASX: CCZ
Tim Cornish

Castillo Copper’s metallurgical test work has revealed beneficiation upgrades as high as twelvefold for cobalt at Broken Hill alongside enhancements of 30 times copper and a huge 190 for gold in outback New South Wales.

Results demonstrated a copper-cobalt-gold resource easily liberated from the drill core which could form a very promising concentrate.

The best outcomes showed up at 2500 ppm for cobalt, 16,000 ppm copper and 3.87 grams per tonne of gold from a drill core at The Sisters Prospect in the eastern area of Broken Hill.

Located near the world’s largest zinc-silver-lead deposit, remarkable cobalt intercepts lead to an initial inferred mineral resource estimate of 21,556 tonnes of the essential battery metal and Castillo will remain focused on increasing confidence in the resource.

The company said surprisingly strong copper-gold upgrades provided intriguing new avenues.

“The board was pleasantly surprised upon learning of the exceptional metallurgical results, especially nearly 4 g/t gold and 1.6 per cent copper which provide new dynamics to follow up,” managing director Dennis Jensen said.

Next up for Castillo is determining the full extent of Broken Hill cobalt with its geology team busy finalising drilling targets across the site.

CCZ’s Australian Stock Exchange-listed share price has risen 7.69 per cent today, selling at 1.4c (8.42 am 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

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