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Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Says its geological team re-tested diamond core from the BH1 and BH2 drill holes at The Sisters Prospect within its BHA project in Australia. Says the team found "compelling" evidence for high-grade cobalt-zinc mineralisation.
"The preliminary results from analysing The Sisters Prospect's diamond core has delivered Castillo Copper an excellent outcome. We now have compelling evidence, subject to final assays, there is high-grade cobalt-zinc mineralisation apparent and a prime target for future test drilling," Chief Executive Dennis Jensen says.
"Furthermore, the board believes that, once all the assays are in from The Sisters Prospect, there will be sufficient data to potentially prove up a primary global cobalt mineral resource estimate that complies with the Joint Ore Reserves Committee 2012 code."
Current stock price: 1.26 pence, up 12% on Monday
12-month change: down 53%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
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