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CASTILLO COPPER LIMITED - Corporate Spotlight

Castillo Copper (CCZ), has embarked on an exciting journey to begin to drill IOCG Target... Castillo Copper (CCZ), has embarked on an exciting journey to begin to drill IOCG Target Recommended by BHP as part of its twin drilling programs at its Mt Oxide pillar in Queensland’s copper-belt.More

Corporate Spotlight

Castillo Copper (CCZ), has embarked on an exciting journey to begin to drill IOCG Target Recommended by BHP as part of its
twin drilling programs at its Mt Oxide pillar in Queensland’s copper-belt.
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CCZ FINALISES BIG ONE DRILLING CAMPAIGN

CCZ FINALISES BIG ONE DRILLING CAMPAIGN

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Castillo Copper (ASX:CCZ) finalises drilling campaign at Big One

Mining

ASX:CCZ
Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald
Managing Director, Simon Paull
Source: Castillo Copper

  • Castillo Copper (CCZ) has finalised its latest drilling campaign for the Big One Deposit within the Mt Oxide Project in northwest Queensland
  • The campaign will comprise 26 holes drilled over 2828 metres and aims to collect detailed assays, density and geotechnical measurements
  • The upcoming work will factor in a recent geophysical survey to extend the known mineralisation and build on prior results from the deposit
  • Once the expanded work at Big One is complete, CCZ will move its focus to the Arya and Sansa prospects, where it has identified prime test drill targets
  • CCZ's drilling crew is expected to deploy to Big One within one to two weeks

Castillo Copper (CCZ) has finalised its latest drilling campaign for the Big One Deposit within the Mt Oxide Project in northwest Queensland.


The campaign will comprise 26 drill holes over 2828 metres, including 108 metres of HQ diamond coring in two holes, aimed at collecting detailed assays, density and geotechnical measurements.


Comparatively, Castillo's 2020 program totalled 21 reverse circulation drill holes for 1467 metres.


The company says the upcoming drilling will factor in a recent geophysics survey that comprised six 500 to 700-metre lines across 1200 metres of strike.


In this way, CCZ hopes its latest program will extend the known mineralisation and build on prior drilling results from the deposit.


Previous intercepts include 44 metres at 1.19 per cent copper from surface, including 14 metres at 3.55 per cent from 27 metres, three metres at 10.88 per cent from 37 metres and 12.6 per cent from 37 metres.


Arya and Sansa prospects


Once the expanded campaign at Big One is complete, CCZ's will move its focus to the Arya and Sansa prospects.


In preparation for this phase, Castillo's geology team are reviewing all key data points to ensure the highest probability of success.


Across the two prospects are several inferred bedrock conductors, which CCZ consider to be prime test drill targets.


Additionally, surface soil and rock chip copper anomalies reportedly support two shallower conductors.


Castillo Copper Managing Director Simon Paull commented on the work ahead.


"Reconciling geophysics findings with legacy drilling and geochemical data should enable CCZ’s geology team to design effective drilling campaigns for the Big One Deposit, Arya and Sansa Prospects with a high degree of confidence," he said.


Next steps


Looking forward, Castillo's geology team is working to ensure logistics are in place so the company's drilling crew can deploy to site within one to two weeks and work at Big One can commence.


Concurrently, the company is finalising the design of its drilling program planned for the Arya and Sansa prospects.


Read the Full Article on The Market Herald here

CCZ RECEIVES BIG ONE SURVEY PRELIM DATA

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Castillo Copper (ASX:CCZ) receives Big One survey preliminary data

Mining

ASX:CCZ
Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald
Managing Director, Simon Paull
Source: Castillo Copper

  • Castillo Copper (CCZ) has received preliminary interpretations from the inaugural induced polarisation (IP) survey at the Big One Deposit in Queensland
  • The recent IP survey consisted of six lines to identify massive new sulphide bedrock conductors along the strike of the known mineralisation
  • One of the lines identified a significant untested bedrock conductor 200 metres north of a previously identified high-grade discovery
  • This line also hosts three additional prospective anomalies which boost the exploration potential of Big One
  • The geophysical consultant will now prepare a 3D model of the IP survey data to identify targets for an upcoming drilling program

Castillo Copper (CCZ) has received preliminary interpretations from the inaugural induced polarisation (IP) survey at the Big One Deposit.


Big One is part of the Mt Oxide Project which lies in the Mt Isa copper-belt district in northwest Queensland.


The recent IP survey consisted of six lines, measuring between 500 and 700 metres in length, to identify massive new sulphide bedrock conductors along the strike of the known mineralisation.


Additionally, Castillo Copper's geology team wanted further insight into several underexplored anomalies.


One of the lines identified a significant untested bedrock conductor 200 metres north of a high-grade discovery.


This line also hosts three additional prospective anomalies which boost the exploration potential of Big One.


"Overall, the geophysics campaign has successfully identified a possible extension to known mineralisation beyond the line of lode at the high-grade Big One Deposit," Managing Director Simon Paull said.


"More importantly, however, it has delivered several new high priority structural targets for the next phase of drill-testing that enhance the overall exploration potential," he added.


The geophysical consultant will now prepare a 3D model of the IP survey data to identify targets for an upcoming drilling program.

This drilling program will be finalised shortly and the team will mobilise to site.


Read the Full Article on The Market Herald here

VIDEOS & MEDIA

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Castillo Copper (ASX:CCZ) finalises drilling campaign at Big One




Castillo Copper Finalised drilling logistics for Mt. Oxide - The Market Herald Live, October 2020



Latest Investor Updates and Project Updates for Castillo Copper with Ged Hall - September 2020





Investor Updates with Castillo Copper, Non-Exec Director Gerrard Hall - Ayra Prospect, Mt. Oxide Pillar  - 12/06/20





The Market Herald Live: Interpreted 130m thick massive sulphide drilling target at Arya prospect within Mt Oxide pillar - 10/06/20





Video Update with Simon Paul, MD Castillo Copper - 13th May 2020




April Updates with Gerrard Hall, Castillo Copper - April 2020




Castillo Copper, Strategy & Copper in 2020





CCZ STARTS DRILLING AT QLD IOCG PROJECT

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Castillo Copper (ASX:CCZ) starts drilling at Queensland IOCG project

Mining

ASX:CCZ    MCAP $54.64M 
Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald
Managing Director, Simon Paull
Source: The Market Herald 

  • Castillo Copper (CCZ) has started drilling at the Big One deposit, which is part of its Mt Oxide project in Queensland
  • A comprehensive reverse circulation (RC) drilling campaign will focus on a strike zone of around 580 by 120 metres to a depth of 190m below surface
  • The zone runs parallel to known mineralisation grading up to up to 28.4 per cent copper, with the best economic intercept of 3 metres at 12.25 per cent
  • The campaign's main goal is to probe the supergene copper mineralisation at depth to see if it transitions to underlying sulphides
  • Upon completion of the campaign, CCZ should have considerable insights about the scalability of the Big One Deposit

Castillo Copper (ASX:CCZ) has commenced drilling at the Big One deposit, which is part of its Mt Oxide project in Queensland.


The Big One

Castillo will be hoping the name says it all.


A 4,385-metre reverse circulation (RC) drilling campaign, consisting of 35 drill holes will focus on a strike zone of around 580 by 120 metres to test for mineralisation up to 190m below surface.


The program will target a zone parallel to known mineralisation. The campaign's main goal is to probe the supergene copper mineralisation at depth to see if it transitions to underlying sulphides.


The previous drilling intersected up to 28.4 per cent copper, with the best high-grade economic intercept of 3 metres at 12.25 per cent.


Two diamond drill holes will also be drilled at acute angles to target shallow supergene mineralisation at vertical depths ranging from around 26 to 52 metres.


The next steps

Upon completion of the campaign, CCZ should have considerable insights about the scalability of the Big One Deposit. 


If the parallel zone is as rich as the main zone, the find will provide significant economies of scale when it comes time to mine.


The shallow, high-grade copper resource had previously been explored by BHP. The mining giant was likely to pull the trigger on the development when copper prices crashed in the 1990s.


Now, Castillo can capitalise on BHP's bad luck.


Results are expected in coming weeks as core samples are analysed.


Read the full article on The Market Herald

CASTILLO COMPLETES ELDORADO REVIEW

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Castillo Copper (ASX:CCZ) completes Eldorado review

Mining

ASX:CCZ    MCAP $39.46M 
Castillo Copper (ASX:CCZ) - Managing Director, Simon Paull - The Market Herald
Managing Director, Simon Paull
Source: The Market Herald


  • Castillo Copper's (CCZ) geology team has completed a review of the Eldorado prospect at the Mt Oxide Project in Queensland
  • The geology team has interpreted Eldorado to be primarily prospective for structurally controlled copper and gold mineralisation
  • Up to 5400ppm (parts per million) copper and up to 35ppm gold has been identified 
  • The team will now undertake a site visit to determine the accuracy of this interpretation 
  • The company's next steps include beginning drilling at the Mt Oxide Project, and providing updates for the Broken Hill and Mkushi Projects 
  • Castillo is up 7.69 per cent and shares are trading for 4.2 cents each

Castillo Copper's (CCZ) geology team has completed a review of the Eldorado prospect at the Mt Oxide Project in Queensland. 

The geology team has interpreted Eldorado to be primarily prospective for structurally controlled copper and gold mineralisation. 

The team will now undertake a site visit to determine the accuracy of this interpretation. 


After reviewing and analysing historical soil samples, Castillo verified several anomalous geochemical zones within the Grid A and Eldorado soil grids. 


Both of these grids have elevated copper-gold readings that require follow-up work.


Up to 5400ppm (parts per million) copper was returned from Grid A and up to 35ppm gold was identified at Eldorado. 

"The geological review has provided Castillo with invaluable insights into ten viable targets across the Mt Oxide Project," Managing Director Simon Paull commented. 


"Furthermore, this clearly delivers a significant pipeline of exploratory work ahead, on top of the targeted drilling campaign which is slated to get underway at the Big One Deposit and Arya Prospect shortly," he added. 


Read the full article on The Market Herald here: https://themarketherald.com.au/castillo-copper-asxccz-completes-eldorado-review-2020-10-06/

CCZ FINALISES DRILL TARGETS

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14th July 2020 - The Market Herald


  • Castillo Copper (CCZ) has finalised all targets for its upcoming drilling program at the Ayra prospect and Big One Deposit in WA
  • The aim of these programs is to determine the scalability of both Ayra and Big One, as well as outline how deep the mineralisation extends
  • Drilling will begin at the Ayra prospect, then move to the Big One Deposit once final approvals have been received 
  • Simultaneously, Castillo Copper is undertaking desktop reviews on the Valparaisa and El Dorado prospects
  • Castillo Copper is up 5.26 per cent on the market this morning and shares are trading for four cents each

Castillo Copper (CCZ) has finalised all targets for its upcoming drilling program at the Ayra prospect and Big One Deposit in WA.


The aim of these programs is to determine the scalability of both Ayra and Big One as well as outline how deep the mineralisation extends. 


Ayra prospect

On July 1, Castillo Copper announced it will drill 14 holes to target a potential massive sulphide conductor and near-surface targets. 

Previous work done by other companies has confirmed high-grade copper mineralisation at surface, returning up to 18,400 parts per million copper. 


Once a drilling contractor has been secured and all regulatory approvals are in place, drilling will begin at Arya. 


Big One Deposit

Once drilling has been completed at Ayra, work will begin at the Big One Deposit, where up to 28.4 per cent copper has been intersected. 


However, work can only begin once final approvals have been received, but these are expected shortly. 

A 35-hole reverse circulation (RC) drill program will kick-off the work, with aims to build on previous knowledge. 

Additionally, a two-hole diamond drill program will be completed, focusing on shallow supergene mineralisation targets. 


"Behind the scenes, our team is working at a frenetic pace to ensure all the logistics are in place so that we can move ahead with the inaugural Mt Oxide pillar drilling campaign," Managing Director Simon Paull commented. 


"For Ayra and Big One Deposit, our objective with the upcoming drilling campaign is to extend known mineralisation and determine potential scalability," he said. 


"As such, one of the key focuses is to test how far high-grade supergene ore extends from surface along the strike extent and if this transitions into underlying sulphides at depth," he added. 


Simultaneously, Castillo Copper is undertaking desktop reviews on the Valparaisa and El Dorado prospects. 

Castillo Copper is up 5.26 per cent on the market this morning and shares are trading for four cents each at 10:40 am AEST. 


Read the full article on the Market Herald - 14th July 2020 

EXPANDED DRILLING TARGETS

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Mt. Oxide - Expanded Drilling Targets at Big One Deposit

ASX Announcement 3 June 2020 


  • Continuing a review of all relevant historical reports1 related to the Big One Deposit, within the Mt Oxide pillar, CCZ’s geology team has expanded the upcoming RC drilling campaign to include the following targets: 

❖ Along the line of lode at depth below known shallow supergene ore mineralisation, which is 600m long, and includes three historic open pit workings1 

❖ A sizeable gossan2 , based on historic surface observations that is circa 200m north from the line of lode 

❖ Several areas south from the line of lode where field work observations show elevated copper mineralisation at surface3 


  • This drill program is designed to verify the four factors underpinning the Big One Deposit’s upside1 which complement the supergene mineralised porphyry dyke: 

❖ Strongly altered hanging wall mineralisation containing malachite / cuprite nodules4 

❖ Footwall fault gouge and elevated altered sediments4 

❖ Gossan mineralisation2 , and 

❖ Mineralised sulphides beneath the supergene ore layer 


  • The best economic intercepts from previous drilling in 1993 (including up to 28.4% Cu4 ) targeted shallow high-grade supergene ore from surface, comprised: 

❖ B07: 3m @ 12.25% Cu from 42m incl: 2m @ 17.87% Cu from 43m; and 1m @ 28.4% Cu from 44m 

❖ B05: 8m @ 2.33% Cu from 44m incl: 6m @ 3.00% Cu from 45m; and 5m @ 3.28% Cu from 45m 

❖ B06: 4m @ 2.20% Cu from 44m incl: 2m @ 3.19% Cu from 46m and 1m @ 3.63% Cu from 47m 

❖ B25: 6m @ 1.55% Cu from 66m incl: 5m @ 1.79% Cu from 66m and 2m @ 2.08% Cu from 66m4 


  • The Board will provide a detailed update on plans for the Arya prospect, selected drilling contractor and status quo on regulatory approvals in due course


Castillo Copper’s Managing Director Simon Paull commented: “As noted in our mid-January release, there is a lot of upside potential from progressing plans to drill the Big One Deposit. The main focus of the expanded drilling program is to hit all the main targets along the line of lode, particularly to test for extensions to known mineralisation at depth. In addition, there are now targets north and south of the strike zone which are highly prospective for underlying copper mineralisation. The Board is extremely eager to continue exploring the Mt Oxide project as the ongoing geological review has uncovered some excellent targets to test-drill.” 


Castillo Copper Limited (“CCZ”) is pleased to announce expanded drilling targets for the Big One Deposit (refer Appendix A), within the Mt Oxide pillar, following a final review of all relevant historic geology reports1 .


Click here to view the full announcement 

TARGET IDENTIFIED

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Large mineralised system, with IOCG targets, identified at Mt Oxide pillar 

ASX Announcement 20 May 2020 


  • Detailed work on Flapjack (an IOCG target), within the Mt Oxide pillar, has interpreted it to be part of a larger mineralised system that comprises the Crescent1 (IOCG) and Johnnies2 (shearhosted copper/supergene ore) prospects 
  • This is a significant development which further enhances the exploration upside and potential scale for the Mt Oxide pillar 
  • Flapjack, which is within a zone of structurally controlled ENE trending haematitic-quartz veins, is on a circa 10km alteration trend that follows fault lines that closely passes Johnnies2 then connects with the IOCG target zone in the Crescent prospect1 
  • Historic reports3 on the Flapjack prospect verify the presence of gold within the haematitic-quartz veins and a distinct chlorite alternation which is a potential indicator for IOCG mineralisation 
  • Encouragingly, high-grade surface assays for coincident goldcopper occurrences provide further support to the presence of potential IOCG mineralisation: 

❖ Rock chip: up to 1.37ppm Au and 606ppm Cu3 

❖ Stream sediment: up to 820ppb Au and 50ppm Cu3 

❖ Soil: up to 81ppb Au and 292ppm Cu3 

  • Around 600m south-west of Flapjack’s soil-grid is a 250m by 150m sub-surface anomaly, discovered by an aeromagnetic GEOTEM survey and on the fault line, which is a future primary drill target, subject to follow up field work verification3 
  • While the current focus is progressing the Big One Deposit and the Arya prospect drilling campaign, discovering a large mineralised system, comprising Flapjack, Crescent and Johnnies, will generate a significant number of future drill targets


Castillo Copper’s Managing Director Simon Paull commented: “As we wind up the current geological review on the eight prospects across the Mt Oxide pillar, we continue to be surprised to the upside by the findings. Having a large relatively under-explored mineralised system, comprising three prospects that are known IOCG and shear-hosted copper targets, still leaves plenty of work ahead to extend these areas materially. Our teams are now working at a rapid pace to secure the necessary approvals to commence drilling at the Arya prospect and Big One Deposit.” 


Castillo Copper Limited (“CCZ”) is delighted to announce a large mineralised system has been identified at the Mt Oxide pillar which captures the Flapjack, Crescent and Johnnies prospects.


LARGE MINERALISED SYSTEM 

A closer review of the Flapjack prospect has verified it is within a zone of structurally controlled ENE trending haematitic-quartz veins. More significantly, based on interpretations by CCZ’s independent geology consultant (through analysing historic geophysics and geochemical data3 ), the Flapjack and Crescent prospects, which are circa 6km apart, are on the same fault system (Figure 1).


This is a significant finding as the Flapjack and Crescent prospects are both prospective IOCG targets. Further work, specifically targeting the trajectory of this fault, will be required to determine the extent and scale of prospective IOCG mineralisation, allowing test-drill targets to be formulated. 


Incrementally, factoring in Johnnies, a shear-hosted copper / supergene ore target, proximity to the fault line, there is anecdotal evidence all three prospects are sub-components of a larger mineralised system. Holistically, this significantly enhances Mt Oxide pillar’s exploration upside, especially IOCG potential, through providing further targets to investigate along the prospective mineralised trend.


FIGURE 1: FAULT INTERPRETATION LINKING FLAPJACK & CRESCET PROSPECTS  

Click here to view the full announcement

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