This is big news and what a tremendous outcome for the coming !
drill data verifies grades up to 28.40% Cu from <50m in supergene ore at Mt Oxide pillaro CCZhassecuredoriginallogs/assayresultsforthenlisted,West Australian Metals’ (ASX: WME1), 27-hole (1,673m) RC drilling campaign at the Big One Deposit (Mt Oxide pillar) which had excellent economic copper intercepts up to 28.4% Cu2 including: B07: 3m @ 12.25% Cu from 42m incl: 2m @ 17.87% Cu from 43m; and 1m @ 28.40% Cu from 44m B05: 8m @ 2.33% Cu from 44m incl: 6m @ 3.00% Cu from 45m; and 5m @ 3.28% Cu from 45m B06: 4m @ 2.20% Cu from 44m incl: 2m @ 3.19% Cu from 46m and 1m @ 3.63% Cu from 47m B25: 6m @ 1.55% Cu from 66m incl: 5m @ 1.79% Cu from 66m and 2m @ 2.08% Cu from 66m B26: 3m @ 1.36% Cu from 73m incl: 2m @ 2.29% Cu from 73m and 1m @ 1.02% Cu from 74m B02: 2m @ 1.45% Cu from 36m incl: 1m @ 2.48% Cu from 37mNote: The intercepts from the 1993 RC drilling campaign2 are suitable for the reporting of ‘exploration results’ for mineral prospectivity, further exploration work would need to be completed to produce a mineral resource.o Along with the Boomerang Mine and Arya Prospect, the Big One Deposit will be prioritised for drill-testing – once approvals are secured – to corroborate the historic assays, especially as mineralisation is <50m, and to expand the known ore bodyo AstheBigOneDepositwaswithinaformermininglease,thedata was sourced directly from the previous holder – at the time period in question there was no legal requirement to lodge drill/assay results as ‘exploration records’ on an existing Queensland Mining Lease – and comprised a wealth information including2,3,4,9: Field mapping campaign data sets, information memorandums, faxes and reports with production summarieso Notably,in1997,~4,400tofsupergeneorewasminedfromtheBig One Deposit within the historic mining lease (ML5481), with an average achieved grade of ~3.5% Cu3,4o Inaddition,historicproductionrecordsforBoomerangMinefrom 1944-74 verified that 4,211.2t of oxide ore was mined grading circa 6% Cu, with output of 250.9t copper metal5+++Castillo Copper’s Managing Director Simon Paull commented: “Locating this historic drilling, assay and production data for the Big One Deposit and Boomerang Mine within the 961km2 Mt Oxide pillar, which is in the heart of the Mt Isa copper-belt is a tremendous windfall. As a starting point, our geology team now have ample data points to start formulating a drilling campaign to re-test and potentially expand the known ore body at the Big One Deposit then focus on Boomerang Mine and Arya Prospect. This would be a great start to developing the high-priority Mt Oxide pillar and creating incremental value for shareholders.”CCZ’s London based Director Ged Hall remarked: “The copper grades found at the Big One Deposit are excellent and clearly highlight the potential upside apparent from developing the Mt Oxide pillar. More significantly, the timing is near text-book as we work towards securing regulatory approval to dual list CCZ on the Standard Board of the London Stock Exchange.”
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