Castillo Copper provides copper and lithium assets update

Operational overview

Since the start of financial year 2022, Castillo Copper (CCZ) has seen significant advances on several fronts in progressing its copper operations in Queensland and Zambia.

Concurrently, its geology team is conducting due diligence on the Litchfield and Picasso Lithium Projects, located in the Northern Territory and Western Australia, respectively.

Arya Prospect, North-West Queensland Copper Project

Due to the diligent efforts of the team, pioneering drilling has progressed at the Arya Prospect, overcoming challenging operational conditions.

Encouragingly, interest in the Mt Isa copper-belt continues to grow, with Rio Tinto recently acquiring contiguous ground on the eastern boundary of the NWQ Copper Project which is proximal to the Arya Prospect.

Litchfield Lithium Project, Northern Territory

With the completion of the desktop due diligence on the Litchfield Lithium Project, the geology team are now waiting for over 650 surface sample assays to be returned from laboratories in Adelaide and Vancouver. Based on discussions with the laboratories, the results should be received imminently, which will enable CCZ’s geology team to determine the potential for contiguous mineralisation with Core Lithium’s proximal Finniss Lithium Project.

Picasso Lithium Project, Western Australia

Members of CCZ’s geology team have completed a visit to the Picasso Lithium Project, where they collected samples and assessed the extent of pegmatite outcropping along the eastern boundary. A full update with the team’s findings will be published shortly.

Luanshya Project, Zambia

With the completion and interpretation of the recently completed induced polarisation (IP) survey at the Luanshya Project, where the Zambian geology team interpreted 14 potential targets, work is now focused on formulating the inaugural drilling campaign.

Mkushi Project, Zambia

Work on the IP survey at the Mkushi Project, which is focusing on known surface copper anomalies, is now in progress. Upon completion, a geophysical interpretation report will be published which will determine the next course of action.

Castillo Copper’s Managing Director, Simon Paull, commented: “Castillo’s Board would like to sincerely thank the team on site at the Arya Prospect for all their diligent hard work over the past few weeks progressing our pioneering drilling campaign forward. Conditions have been challenging with sweltering heat, brush fires and intermittent thunderstorms resulting in a number of down days. Moving ahead, the Board intends to release a full progress report on drilling at the Arya Prospect, which is anticipated to be within the next week.”

Read the article online at: https://www.globalminingreview.com/exploration-development/10112021/castillo-copper-provides-copper-and-lithium-assets-update/