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Castillo Copper Ltd.
Summary
| Project: | Jackaderry | |
|---|---|---|
| Deposit: | Cangai | |
| Location: | Australia | |
| Commodities: | Copper-Cobalt-Zinc-Gold-Silver | |
| Date: | 5/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-5-2018: Castillo Copper Ltd. announces an Exploration/Drilling Update report for its Cangai deposit at the Jackaderry project. Drilling results incl. 6m @ 2.69% Cu, 0.39% Zn, 9.2g/t Ag from 1m. Castillo Copper Limited’s (“CCZ” or “the Company”) Board i | |
| Resources: | (Resource, Inf.): 3.2Mt @ 3.35% Cu | |
| CP/QP: | [Overall Report]: Peter Smith (Internal) | |
| ABSTRACT: | Castillo Copper Limited’s (“CCZ” or “the Company”) Board is pleased to announce the first round of drilling at Cangai Copper Mine (CCM) has concluded, with the focus now shifting to the next campaign. DRILLING CAMPAIGN UPDATE Phase I of the drilling program, which comprised 18 holes along the line of lode (Figure 1) targeting deeper sulphide mineralisation, has successfully concluded with assays confirming extensive mineralisation outside the JORC modelled zone. Castillo Copper’s Chairman Peter Meagher commented: “The first round of drilling at Cangai Copper Mine, which specifically targeted deeper sulphide mineralisation, has been highly successful, evidenced by some encouraging assays, which demonstrated extensive mineralisation, that also produced assays over 3% copper. Moving forward, the next drilling campaign, which is set to commence once regulatory approval is secure, has been designed specifically to determine the extent of high-grade supergene ore mineralisation near legacy workings. Further, in an encouraging development, metallurgical test-work and JORC modelling of the stockpiles will be fasttracked, as several prospective customers are showing interest in signing offtake agreements for the discarded ore.” | |
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