Castillo Copper earmarks NWQ Copper Project as core asset
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Castillo Copper Limited, a base metal explorer primarily focused on copper across Australia and Zambia, has announced that NWQ Copper Project, which is located in Mount Isa’s copper-belt, has been classified as a core asset.
As such, the company’s board will be embarking on a campaign to deepen its understanding of the 20+ prospects across the tenure (excluding the Big One Deposit) ahead of engaging with potential strategic partners.
Highlights:
- The board has endorsed the geology team’s recommendation to classify the NWQ Copper Project in Mt Isa’s copper-belt as a core asset. The status of Cangai Copper Mine, BHA Project, and Zambia is still under review.
- With over 20 prospects across the tenure, a key focal point has been to deepen the board’s understanding of their prospectivity (excluding the Big One Deposit which has been drilled) in readiness of engaging potential strategic partners.
- As part of this process, the geology team recently conducted field trips to the Boomerang and Josephine Prospects (structurally controlled copper mineralisation potential) to identify future exploration targets:
- Assayed rock chip samples returned anomalous surface readings up to 0.46% Cu at the Boomerang Prospect
Ged Hall, Chairman of Castillo Copper, commented: “With over 20 prospects across the NWQ Copper Project, which is now earmarked as a core asset, the geology team has considerable work ahead to fully assess the collective exploration potential. This is critical information to have mapped out as the Board channels its efforts into aligning with a strategic development partner.”
Read the article online at: https://www.globalminingreview.com/mining/24102023/castillo-copper-earmarks-nwq-copper-project-as-core-asset/
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