Castillo Copper (ASX:CCZ) reports that its cobalt-focused drilling campaign is now underway at the BHA Project’s East Zone in New South Wales.
The 4-week campaign comprises 1 diamond core and 17 RC drill-holes for 2,100m across 4 prospects.
The Broken Hill Project currently consists of 4 tenements covering 801.3km-square (EL8599, EL8572, EL8434 and EL8435), prospective for cobalt-zinc. It is located within a 20km radius of Broken Hill’s ‘world-class’ silver-zinc-lead deposit.
Castillo notes that significant technological progress with advanced predictive geological modelling released by Geological Survey of NSW (GSNSW) has highlighted the ground is prospective for Broken Hill Type zinc-silver-lead (BHT) and IOCG mineralisation.
Castillo Copper’s Managing Director Dr Dennis Jensen commented: “This is an exciting time for Castillo Copper as drilling is now underway at our 100% owned BHA Project’s East Zone.
“This is an exciting time for Castillo Copper as drilling is now underway at our 100% owned BHA Project’s East Zone”
The geology team have designed a comprehensive drilling campaign and the board is optimistic the strategic intent to increase the confidence and grade of the current MRE is achievable.”
Meanwhile, the company has reiterated that a key focus for the Fence Gossan, Reefs Tanks & Tors Tanks prospects is to drill deep enough to intersect two lower potentially cobalt-rich zones that are interpreted to host ‘higher’ grade mineralisation than has been modelled to date.
Further, the board’s strategic intent for this campaign remains extending known mineralisation plus enhancing the confidence & grade of the current global MRE – 21,556t cobalt (64Mt @ 318 ppm Co) and 44,260t copper (63Mt @ 0.07% Cu).
Write to Adam Orlando at Mining.com.au
Images: Castillo Copper Ltd