Castillo Copper Ltd (ASX:CCZ) is planning to also ramp up cobalt exploration at its 100% owned Broken Hill Project located in New South Wales.
With the Cangai Mine exploration program being managed by Gnomic Exploration Services, the company intends to turn its exploration focus to its four primary cobalt targets.
READ: Castillo Copper focused on expanding resource at Cangai Mine
Previous cobalt samples taken within and just outside the project tenements range from 2,060 ppm cobalt to up to 7,000 ppm cobalt.
Alan Armstrong, executive director, said: “With Gnomic Exploration Services now proactively managing the drilling program at the Cangai Mine, the board will concurrently focus on investigating key cobalt anomalies at Broken Hill.
“Working with our service providers, a geological team will visit the site with the goal of expanding the four primary cobalt target areas that are already highly prospective.”
Geology team to visit site to prepare for inaugural drilling
To progress the high-level exploration strategy at these priority cobalt target areas, a contracted geology team will soon visit site.
The team will focus on mapping, taking soil samples, conduct optimal electromagnetic (EM) surveys and ultimately laying the foundations for the inaugural drilling program.
Neighbour shows area has proven cobalt mineralisation
The case to ramp up targeted cobalt exploration at Broken Hill is encouraging given the significant progress neighbour Cobalt Blue (ASX:COB) has made.
Cobalt Blue’s total resource stands at 54.9 million tonnes grading 910 ppm cobalt across three deposits.
Recently in November, Cobalt Blue detailed discovering incremental targets that can potentially extend the mineralisation and implicitly boost its resource size.
Following successful desktop studies and site visits by Castillo’s geological team, the board intends to prove up and expand the identified four primary cobalt zones.