Castillo sees DeGrussa similarities

CASTILLO Copper has received “exceptional” results from a fixed-loop, electromagnetic survey over the high-grade Cangai copper mine in New South Wales’ New England Fold Belt.

Castillo sees DeGrussa similarities Castillo sees DeGrussa similarities Castillo sees DeGrussa similarities Castillo sees DeGrussa similarities Castillo sees DeGrussa similarities

Highly regarded mining consultants Newexco delivered the results of the survey – the first conducted over Cangai – which has uncovered five large shallow conductors both within, and external, to the line of lode.

The company described the results as a game-changer that could significantly expand the current resource, which sits at 3.2 million tonnes grading 3.35% copper for around 108,000 tonnes of contained copper.

The results share similarities with Sandfire Resources’ DeGrussa mine, in that the high-grade supergene oxide ore sits above larger volumes of mineralised sulphides.

Castillo executive director Alan Armstrong described the survey as a “pivotal point” in the company’s evolution.