Castillo Copper Limited says it has confirmed the existence of high-grade copper mineralisation at its Mt Oxide project in North West Queensland.
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Castillo told the ASX it was the result of 24 assayed rock chips, taken from excavated ore and unexplored areas across the Big One Deposit in Mt Oxide, 150km north-west of Mount Isa.
Teams from Castillo and Depco Drilling are targeting drilling to commence in October 2020 and the geology team will re-visit the two sites (Big One and Arya prospects) to ensure targets are correctly aligned.
Simon Paull, Managing Director of Castillo Copper said confirmation high-grade rock chip assays were reconcilable with the previous drilling campaign was excellent news ahead of the drilling campaign.
"Our drilling team is working closely with the landowner to ensure all logistics are in place so work can get underway on schedule in mid-October," Mr Paull said.
Castillo said local landowners had been supportive in facilitating logistical support, including arranging to source adequate water supplies during the drilling campaign, securing third-party earth moving contractors to clear access tracks to site and prepare drill pads and recommending where to accommodate team members during the campaign, which could take 4-6 weeks.
The project is also within the proximity of several historic and currently operating copper mines including Lady Annie and Capricorn Copper.
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Derek Barry
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.
