Announcement Date: 2022-11-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Castillo Copper Ltd.
Project name: Broken Hill
Location: Australia
Commodities: Rare Earth
Highlight: Drilling results incl. 20m at 1780ppm REO0.0
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Castillo Copper Limited’s (“CCZ”) Board is delighted to report that assays from seven drill-holes across the Fence Gossan (FG) and Tors Tank (TT) Prospects, within the BHA Project’s East Zone (Appendix A), confirmed a significant shallow clay-hosted REE discovery. Notably, the results returned up to 2,410ppm TREO, with high-value Magnet REO representing up to 29.9% of the grade. Figure 1 summarises the best assayed intercepts for TREO As shown in Figure 2 below, drill-holes FG_001-4RC were located at the eastern end of the prospect, spaced 200m apart in a west-east direction (refer Appendix B for TREO results plan). Subject to the receipt of assays for FG_001RC, the results for FG_002-4RC already delineate an initial 800m REE strike event. With REE mineralisation open in all directions, the Board has ordered the full extent of FG’s area (circa 4km long by 1km wide) to be geologically mapped, surface sampled, and auger drilled. The core objective is to extend the known strike event to
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