CCZ 12.5% 0.7¢ castillo copper limited

Ann: Trading Halt, page-33

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  1. 4,362 Posts.
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    @PovertyBoy
    You are no doubt correct about the possibility of the games that are played pre open but given what they ann 17/5-

    Assay results from the final nine holes of the Phase I drilling campaign – targeting deeper sulphide mineralisation – confirmed high-grade copper intersections greater than 3% off the line of lode
     Mineralisation was found in 7 out of 9 drill-holes with the best result 6m @ 2.69% Cu, 0.39% Zn & 9.2g/t Ag incl 4m @ 3.08% Cu, 0.44% Zn & 10.6g/t Ag
     Mineralisation remains open to the east and west, while massive sulphides intersected at drill hole CRC018 (incl 1m @ 3.31% Cu, 1.11% Zn & 5.7 g/t Ag) suggests a potential splay off the main line of lode warranting further investigation
     The drill-hole electromagnetic (DHEM) survey showed a likely massive sulphide anomaly adjacent to the drill-hole CRC005 intersection of 4m @ 1.54% Cu, 1.17% Zn and 11.5 g/t Ag
     This builds on initial results from the first nine holes with the best comprising: 5m @ 1.56% Cu, 0.4% Zn & 4.43g/t Ag incl 3m @ 2.22% Cu, 0.60% Zn & 6.38g/t Ag; and 3m @ 1.76% Cu, 1.33% Zn & 13.08g/t Ag incl 1m @ 2.66% Cu, 2.35% Zn & 20.70g/t Ag
     Overall, the geology team are delighted with the results from the first campaign, as the evidence suggests incremental larger scale drilling programs can potentially deliver resource size upside
     As such, the next drilling campaign – due to start as soon as regulatory approval is granted – will comprise 39 shallow drill- holes focused on supergene ore near legacy workings; a drilling contractor has been appointed and is ready to deploy to site
     To further enhance the understanding of the stockpiles, and build on metallurgy test-work currently underway, several drill-holes are planned for the Smelter Stockpile site – the geology team will then target modelling up a JORC compliant resource
     In addition, the Board has held discussions with prospective customers interested in reviewing stockpile samples and committing to off-take agreements post metallurgical testwork


    Then again on the 13/7-
    1. Massive sulphide intersections identified during the
      inaugural drilling campaign
    With this pic it is already a given that they have massive sulphides- CCZ .png

    Personally I am expecting assay results with copper values from the first few holes.
    I may be wrong but for your sakes I hope I'm right.
    Kind regards, Wack.
 
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