Castillo Copper Ltd (ASX:CCZ) is progressing exploration plans targeting resource expansion at its Cangai Copper Mine in New South Wales.
Exploration is focused on the inaugural 2,250-metre drilling program but also includes electromagnetic (EM) and topographic surveys.
Drilling aims to expand upon the current JORC Inferred Resource at Cangai of 3.2 million tonnes grading 3.35% copper.
Access to the mine site has been completed and the pre-site drilling program has been finalised.
As soon as regulatory approval is secured, the drilling team will mobilise to site to start work.
READ: Castillo Copper appoint drill contractor for Cangai program
Castillo's geology team believe that once the inaugural drilling program has been completed, resource modelling will confirm a materially higher resource size
Having raised $3.4 million from the recent placement, Castillo is well funded to cover several drilling campaigns at Cangai Mine and its other assets moving forward.
Exploration contractors in place
Alan Armstrong, director, said: “With all service provider contracts signed-off, work on proving up the resource at the Cangai Mine has started to move forward at a rapid pace.
“The landowner has cleared the access roads to the mine site enabling the aerial drone photography and topographical surveys to get underway.
“Meanwhile, the EM surveys are scheduled to commence within days, coinciding with Castillo’s geology team’s visit to site early next week.
“Gnomic has already detailed its inaugural drilling program which is designed to determine the extent of the mineralisation halo and JORC modelled lodes on strike.
“Once regulatory approval has been granted, the drilling team can mobilise to site quickly to commence work.”