May 11, 2020

Castillo keen to fast-track Mount Oxide drilling

Castillo keen to fast-track Mount Oxide drilling

Castillo Copper is keen to fast-track drilling at the Arya prospect and Big One deposit within its Mount Oxide project in North West Queensland.

Several drilling contractors are being invited to submit quotes to run the twin RC drilling campaigns, the company says.

It says the application to progress the drilling campaigns will be filed with Queensland’s resources regulator and, once approval is secured, the drilling teams will be fast-tracked to site.

Arya is prospective for IOCG mineralisation, while the Big One comprises shallow high-grade supergene copper ore.

Castillo’s Mount Oxide project is located 150km north of Mount Isa near the old Mount Oxide copper mine.

“Based on the underlying fundamentals of the prospects reviewed to date, the Board has decided to expedite drilling the Arya Prospect and Big One Deposit,” managing director Simon Paull said.

“With drill-test targets selected and most preliminary work complete, we anticipate drilling commencing once Queensland’s resources regulator grants approval.”