Castillo Copper Ltd - Perth, Australia-based exploration company focused on copper across Australia and Zambia - Says several rounds of preliminary metallurgical test-work on BH1 drill holes at The Sisters Prospect, near Broken Hill, within its BHA project in Australia produced excellent results for cobalt-copper-gold.
Results showed that cobalt upgraded to up to 2,500 parts per million from a head grade of 200 parts per million. Upgrades copper to 16,000ppm post-test-work from 520ppm head-grade and gold to 3.87 grammes per tonne Au from 0.02 grammes per tonne.
Dennis Jensen, managing director of Castillo Copper, comments: "The board was pleasantly surprised upon learning of the exceptional metallurgical results, especially nearly 4 g/t gold and 1.6% copper which provide new dynamics to follow up. However, the board's current prime focus is to increase the confidence in the inferred cobalt resource with a highly targeted drilling campaign across several prospects, with planning to be finalised shortly."
Current stock price: 0.80 pence
12-month change: down 61%
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Castillo Coppe. (CCZ)