CCZ 0.00% 0.6¢ castillo copper limited

Si Capital Interview, page-36

  1. 10,296 Posts.
    lightbulb Created with Sketch. 2644

    Nice work @seals - good comment and GL @scorpion75. Thanks too @DavidW all comment greatly appreciated.

    It was not until I took the time and with the aid of the diagram in seal's post that things started to fall into place -

    IMO, much of the historical drilling was either too far SE (WME) and/or too low angle and shallow (FME & WME) so they fell short of the main high grade lode, or passed thru it too close to the surface.
    [If you stop 1m short of the high grade you have drilled a duster - if you drill through the depleted zone just below the gossan, you will return low grades]

    That was not immediately obvious from the ann and may explain the short sharp sell-off.

    But now it is quite easy to dismiss the holes which returned weak (but not nil results).
    These did intersect the low grade halo, or the main lode in a depleteted place and do add to the understanding of the overall mineralisation. Well, at least, that's my interpretation.

    And from the ann the table below shows some of the FMW and WME holes which did hit the sweet spot.


    https://hotcopper.com.au/data/attachments/2903/2903995-8e669d15efd42e6a46053bda52ab97eb.jpg



    For me the TAKE AWAY is now a little better as we wait out the wet season in NQ --
    1. We are less than half way through drilling out Big One to obtain a meaningful open pit economic JORC resource.
    2. On CCZ tenements near Mt Oxide there is at least one massive CU + Au deposit. IMO.
    3. Copper is the commodity.
    4. 2021 is the year.
    5. Oppies have till 2013 to run.
    6. All looking good.

    All IMO, DYOR,
    Last edited by JandJ: 14/02/21
 
watchlist Created with Sketch. Add CCZ (ASX) to my watchlist
(20min delay)
Last
0.6¢
Change
0.000(0.00%)
Mkt cap ! $7.797M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
5 1055000 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 3984328 9
View Market Depth
Last trade - 16.12pm 12/07/2024 (20 minute delay) ?
CCZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.