Ann: More High Grade Copper Assays at Cangai Copper Mine, page-2

Check out those CU grades !

CASTILLO COPPER LIMITED
ASX Release 11 December 2018
CASTILLO COPPER LIMITED
ACN 137 606 476
Level 26
140 St Georges Terrace Perth WA, 6000 Australia
Tel: +61 8 6558 0886 Fax: +61 8 6316 3337
Contact:
Alan Armstrong Executive Director
E-mail:
[email protected]
For the latest news: www.castillocopper.com
Directors / Officers:
Peter Meagher Alan Armstrong Peter Smith
Issued Capital:
580.1 million shares 84.5 million options
ASX Symbol: CCZ
Diamond drill core assays up to 14.45% Cu, 5.93% Zn & 40.1g/t Ag at Cangai Copper Mine
 Excellent assay results for diamond drill-hole (CC0036D) core extracted from Volkhardts DHEM Conductor 1, which focused primarily on the 9.6m high-grade mineralised intersection1:
o The best intersection was 4.39m @ 5.06% Cu, 2.56% Zn and 20.1 g/t Ag from 49.9m
o This included high grade readings up to 14.45% Cu, 5.93% Zn & 40.1g/t Ag (results still pending for gold)
 The upshot of these results is it continues to strengthen the Board’s view that Cangai Copper Mine has the potential to be one of the highest grading copper deposits in Australia
Further, these findings complement consistent high-grade assay results from RC drilling, including CC0023R which produced 11m @ 5.94% Cu, 2.45% Zn & 19.1 g/t Ag from 40m including 1m @ 10.25% Cu, 1.68% Zn & 32.5 g/t Ag from 48m2
 Moving forward, the Board’s next priorities at Cangai Copper Mine comprise:
o Complete the Phase II RC-drilling campaign focusing on testing DHEM Conductors under Mark’s, Greenberg’s and Volkhardts lodes
o UndertakeincrementalDHEMsurveyworktoexpand the understanding of prospective extensions to the known ore body in order to define targets that may have the potential to increase the resource inventory
 As the area surrounding the deposit is under-explored, yet highly prospective for copper mineralisation, CCZ will undertake detailed heli-magnetic surveys within the Cangai South tenure (total area: 278.4km2) to identify further alteration systems that have the capability of hosting high- grade ore deposits
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Castillo Copper’s Chairman Peter Meagher commented: “The assay results from the diamond drill core significantly exceeded the Board’s expectations, especially the 14.45% copper reading. Clearly, in the Board’s view, Cangai Copper Mine is potentially one of the highest grading copper deposits across Australia. The Board’s strategic intent has broadened to encompass, firstly, determining the scalability of the high-grade ore body at Cangai Copper Mine through more DHEM survey work and RC-drilling; and, secondly, capitalise on incremental exploration upside through flying aero-magnetic surveys over pre- selective parts of the Cangai South tenure to identify new high-grade targets.”
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