ARYA PROSPECT: 130m thick, 1,500m long & 450m wide29 Sep 2021 12:17
14 September 2021
CASTILLO COPPER LIMITED
("Castillo" or the "Company")
On track to test-drill 130m thick sulphide target at Arya Prospect
Further to the announcement on 10 August 2021, Castillo Copper Limited (LSE and ASX: CCZ), a base metal explorer primarily focused on copper across Australia and Zambia, is pleased to announce that the drilling crew will mobilise to the Arya Prospect in the final week of September 2021, with work set to commence shortly thereafter.
Highlights
-- Arrangements finalised with all providers and contractors for the geological team to mobilise to the Arya Prospect during the last week of September 2021, to commence site preparations
-- Castillo has appointed Down Force Drilling(1) , an experienced operator in providing drilling solutions in challenging environments, as the lead drilling contractor
-- The primary sulphide target is the EG01 anomaly - interpreted to be approximately 130m thick, 1,500m long & 450m wide and 100-200m below surface:
o The secondary targets, EG02 and EG10, are 25m below surface and are interpreted to be approximately 25m thick, with dimensions of 160m by 50m and 270m by 280m respectively(2)
-- Recent re-interpretation work by Castillo's geophysicist consultant has confirmed all three targets deliver significant exploration potential(2)
-- To ensure drilling commences on schedule, the rig, key supporting equipment and personnel will be transported to the site by helicopter for this inaugural campaign
-- Castillo's geology team, having liaised with the laboratory, now expect to have all assays and key interpretation work for the Big One Deposit available by next week
Simon Paull, Managing Director of Castillo Copper, commented: "The Board is delighted to confirm mobilisation to the Arya Prospect during the last week of September 2021. Further, we look forward to shortly receiving the full assays and key interpretation work for the Big One Deposit. Moving forward, the Board's goal is to concurrently progress developing the Queensland and Zambia projects, while bringing in third parties for the New South Wales assets."
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