viewCastillo Copper Ltd

Castillo Copper UK-based director shows support for copper strategy with on-market purchase

Recent preliminary assay results of visually logged mineralised intersections within the Mt Oxide Project have confirmed the presence of shallow copper mineralisation in four drill-holes at Big One Deposit.

Castillo Copper Ltd -
Castillo Copper has core copper assets in Australia and Zambia

Castillo Copper Ltd's (ASX:CCZ) (LON:CCZ) UK-based non-executive director Ged Hall has demonstrated his faith in the company’s strategy to become a mid-tier copper producer with the purchase of shares in an on-market transaction.

Hall acquired 100,661 ordinary shares represented by LSE depositary interest on December 1 for an indirect interest.

He now holds more than 8.141 million shares in two indirect interests.

Big One potential confirmed

The company continues to confirm the strong potential of Big One Deposit within the Mt Oxide Project in northwest Queensland’s Mt Isa Copper Belt amidst a strong copper market with the latest assays returning shallow copper mineralisation of up to 4.14%.

The assays from four holes have returned economic intercepts and have supported the observations made from the core with best results of:

  • 7 metres at 1.37% copper from 57 metres including 3 metres at 2.18% from 58 metres;
  • 1-metre at 4.14% from 65 metres;
  • 7 metres at 0.54% from 55 metres including 2 metres at 1.35% from 60 metres; and  
  • 4 metres at 0.43% from 85 metres including 2 metres at 1.03% from 85 metres.

Assay results for the full seven drill-holes completed are being finalised and are expected to be returned shortly.

Quick facts: Castillo Copper Ltd

Price: 0.066 AUD

Market: ASX
Market Cap: $66.93 m

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