IN BRIEF: Castillo Copper to drill Arya prospect at September-end

Castillo Copper Ltd - metals explorer in Australia and Zambia - With all arrangements finalised ...

Alliance News 17 September, 2021 | 9:36PM
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Castillo Copper Ltd - metals explorer in Australia and Zambia - With all arrangements finalised with all providers and contractors ready to mobilise to the Arya prospect, a drilling crew will be sent to the prospect in the final week of September, with work set to start shortly after.

The primary suphide target is the EG01 anomaly, estimated to be around 130 metres thick, 1,500 metres long, 450 metres wide and 100 to 200m below surface. 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.

"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," says Managing Director Simon Paull.

Current stock price: 1.73 pence

Year-to-date change: down 16%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Castillo Copper Ltd 2.09 GBX -0.48 -
Castillo Copper Ltd 0.04 AUD 2.38 -

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