Castillo Copper Ltd to resume aggressive exploration of flagship Mt Oxide Project
The company now has a combined total of 21 targets at the Mt Oxide Project site that feature in forward exploration plans.
’s () () () geology team plans to return this month to the flagship Mt Oxide Project within the Mt Isa copper belt in Queensland following the wet season.
Within the next few weeks, a geophysical survey will be undertaken at the Big One Deposit that will focus on extending known mineralisation and uncovering additional anomalies.
Once these results are known, the drilling team will complete the campaign at Big One then move across to the Arya Prospect to test several sizeable bedrock conductors.
Recent forensic work by the geology team has identified several more anomalies within proximity to Arya and the bedrock conductors will be tested.
“Pipeline of copper-focused exploration”
Managing director Simon Paull said: “Behind the scenes, our geology team has been flat out readying for a resumption of exploration work at the flagship Mt Oxide Project.
“The board is targeting to have drilling teams back to site as soon as practical to complete work at the Big One Deposit then commence at the Arya Prospect.
“Holistically, with 21 targets across the Mt Oxide Project, CCZ now has a significant pipeline of copper-focused exploratory work ahead, coinciding with an impending global supply deficit.”
More recently, the Queensland Government’s Department of Resources granted the final key tenement (EPM 27440) – directly north of the Big One Deposit that expands the core Mt Oxide Project footprint by around 23% to 980 square kilometres.
Within the newly granted ground are five well-profiled targets (Crescent, Pancake, Flapjack, The Wall and Johnnies) that are prospective for IOCG, Mt Isa style and shear-hosted copper mineralisation.
New targets
Ongoing forensic work by CCZ’s geology team identified an incremental 11 targets across the Mt Oxide Project which are prospective for various styles of copper-gold mineralisation.
As such, on a combined basis, there are now 21 viable targets across the Mt Oxide Project for copper mineralisation which delivers a pipeline of development work ahead and enhances forward exploration potential.
Once the geophysical survey has been complete and reconciled, the next phase of the drilling campaign will commence.
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