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Project: | Jackaderry | |
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Deposit: | Cangai | |
Location: | Australia | |
Commodities: | Copper-Cobalt-Zinc-Gold-Silver | |
Date: | 9/3/2018 | |
Report Code: | JORC | |
Report Type: | Exploration/Drilling Update | |
Project Stage: | Pursuing Resource Increase/Upgrade | |
Report details: | 3-9-2018: Castillo Copper Ltd. announces an Exploration/Drilling Update report for its Cangai deposit at the Jackaderry project. Drilling results incl. 11m @ 5.94% Cu, 2.45% Zn, 19.13g/t Ag from 40m. Castillo Copper’s Chairman Peter Meagher commented: “As | |
Resources: | (Resource, Inf.): 3.2Mt @ 3.35% Cu | |
CP/QP: | [Overall Report]: Peter Smith (Internal) | |
ABSTRACT: | Castillo Copper’s Chairman Peter Meagher commented: “Assay results up to 10.25% copper, 6.04% zinc and 32.5g/t silver from the first five drill-holes are exceptional. The event clearly represents a demarcation point that materially distinguishes our Cangai Copper Mine project. The focus now is to expand these outstanding results and to extend the known mineralisation through commencing follow up DHEM surveys, which can optimise the remainder of the current drilling campaign. In addition, the Board is looking forward to assay results from soil and rock-chip samples east of the line of lode, as they are likely further extend the mineralised footprint.” *** Castillo Copper Limited’s (“CCZ” or “the Company”) Board is delighted to present shareholders with an overview of the highly encouraging assay results from drill-holes CC0021-25R achieved at Cangai Copper Mine (Cangai). EXCELLENT ASSAY RESULTS A clear point of difference The assay results, summarised in Table 1, confirm there is extensive massive sulphide mineralisation across most of the drill-holes completed so far in this drilling campaign at Cangai. In the Board’s view, achieving results which deliver up to 10.25% Cu, 6.04% Zn and 32.5g/t Ag from the first five drill-holes out of an extensive 39-hole campaign is a clear point of difference from many ASX-listed peers. | |
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