Castillo Copper Limited (ASX:CCZ) More high-grade copper...

Castillo Copper Limited (ASX:CCZ)
More high-grade copper intersections at Cangai
Castillo Copper Limited has provided an update on its recently completed drill programme at the Cangai copper project in New South Wales, Australia. Highlights of the announcement include the following.

Stage 2 diamond-drill programme completed – all holes intersected mineralisation.
The best intersection from the most recent drilling was 4.39 m at 5.06% Cu, 2.56% Zn and 20.1 g/t Ag from 49.9 m (CC0036D) – this included 0.3 m at 14.45% Cu, 5.93% Zn and 40.1g/t Ag (results pending for Au).
An outline of the company's strategy for early 2019:
complete Phase II RC-drilling campaign, focusing on testing DHEM conductors under the Mark’s, Greenberg’s and Volkhardt's lodes;
conduct incremental DHEM survey work in order to further understand prospective extensions to the known ore body, and
undertake heli-magnetic surveys within the Cangai South tenure to identify further alteration systems.

Analyst comments: this latest announcement, which follows on from our previous update, confirms that the company encountered further high-grade copper mineralisation at its Cangai copper project. The results, coupled with those from the 36 holes in the recently completed diamond drill programme, are likely to lead to a resource upgrade in the new year.

In addition, Castillo has outlined its strategy for 2019, key elements of which are the testing of DHEM targets and generation of new targets using that technique, with which the company already successfully identified the Volkhardt's conductor 1 (11 m at 5.94% Cu, 2.45% Zn and 19.1 g/t Ag, and 4.39 m at 5.06% Cu, 2.56% Zn and 20.1 g/t Ag).

As well as the DHEM, Castillo will undertake heli-magnetic surveys across its regional landholdings. Indeed, given the region's prospectivity it's surprising that so little historical exploration has been completed there so far. We look forward to seeing the results of Castillo's strategy and the recommencement of drilling early next year.

Meanwhile, we maintain our assessment of Castillo as a SPECULATIVE BUY.


The information in this email should not be the only trigger for your investment decision. We strongly recommend you seek professional financial advice whenever making financial investment decisions

The information contained in this message and any attachments may be privileged and confidential and is intended for the exclusive use of the addressee. If you are not the addressee, any disclosure, reproduction, distribution, on-transmission, dissemination or use of the communication is strictly prohibited. Please be advised that, while attachments may have been checked for viruses, you should rely on your own virus-checking software and procedures.

Customer notice
Adam Kiley trading as TSI Capital Pty Ltd (First Mover) (or "TSI"), (AR No. 458224), is an authorised representative of Intelligent Financial Markets Pty Ltd (AFSL No. 426359). The information contained in this communication is intended as general advice only. Your personal objectives, financial situation and needs have not been taken into consideration. Accordingly, you should consider how appropriate the advice is (or is not) to your objectives, financial situation and needs before acting on the advice. The information in this communication should not be the only trigger for your investment decision. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

Conflict of interest
TSI does and seeks to do business with companies featured in its articles and videos. As a result, investors should be aware that TSI may have a conflict of interest that could affect the objectivity of some articles or videos. Investors should consider TSI articles and videos as only a single factor in making any investment decision. The publishers also wish to disclose that they may hold stock in some companies featured in their articles and videos, and that any decision you make to purchase the stock of a company TSI profiles should be made only after you have initiated your own enquiries as to the validity of any information contained in those articles and videos.

Publisher's note
TSI will only initiate coverage of a company that passes our internal investment checklist. Once a company has passed this checklist, we will initiate coverage of that company and follow up with ongoing updates and commentary on its activities. Articles and videos produced and published by TSI are NOT Research Reports in terms of ASIC Regulatory Guide 79.

Copyright ©️ 2018 ABN, All rights reserved.
You are receiving this email because you opted in via our website.

Our mailing address is:
ABN
513 Hay StSubiaco, Wa 6018
Australia

Add us to your address book


Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp