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Castillo greenlit for Broken Hill

21 September 2022 12:31
ASX: CCZ
The famed mining town of Broken Hill

Castillo Copper is ready to get the rig moving at the Broken Hill Alliance project’s east zone having locked in approval for a 2100-metre drill campaign near the historic site.

An 18-hole campaign will target cobalt, copper, gold and silver across three prospects, with drilling testing the Sisters prospect for cobalt and copper — and rare earth elements after an exciting find late last month.

Castillo has made it clear cobalt is the focus, with a key objective to intersect two cobalt-rich zones interpreted to host higher grade mineralisation than previously modelled.

“The Board’s key objective from this upcoming campaign is to extend known mineralisation across the four prospects undergoing drill-testing as well as boost the confidence and grade of the current cobalt-copper MRE,” managing director Dennis Jensen said.

Castillo have its drilling and logistics teams readying to mobilise.

CCZ’s Australian Stock Exchange-listed share price was trading at 1.6c today (12:01 pm UTC+ 8 hours).

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