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Castillo Copper Ltd - Australian metal explorer primarily focused on copper then nickel, zinc and cobalt - Says Monday incremental shallow, visible copper oxide and sulphide mineralisation was recorded in six drill-holes, with cumulative intercepts up to 12 metres at the Big One Deposit within the core Mount Oxide project in Queensland, Australia.
Managing Director Simon Paull says this was an "outstanding" result.
He adds: "Encouragingly, it continues to build a compelling case for the scalability of the Big One deposit and potential for known mineralisation to be extended at depth. Once the current campaign is complete, the board's strategic goal is to model up a JORC compliant resource for the Big One deposit then commence applying for a mining lease."
Current stock price: 1.92 pence
Year-to-date change: down from 2.45P at IPO in August
By Paul McGowan; paulmcgowan@alliancenews.com
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