An independent geological review of Castillo Copper Limited’s (ASX: CCZ) remaining Zambia assets has concluded they are all prospective for copper mineralisation and further follow up exploration is justified.
The results on the study comes at a time when a team from Perth-based SRK Consultants are due to arrive in Zambia to assess the potential of Castillo’s four Zambia projects as the company prepared for a dual listing in London.
Castillo Copper’s Managing Director Simon Paull said the independent geological review clearly highlights that CCZ has selected four high-quality prospective projects that deliver exploration upside for primarily copper mineralisation.
The Board’s focus now is to formulate exploration plans for the Zambia assets then deploy teams to the priority Mkushi and Luanshya projects to commence fieldwork,” Mr Paull said.
The geological review assessed that all of Castillo’s Zambia projects are prospective for copper mineralisation.
Located north of the traditional “copperbelt” region, the geological structure underlying the Lumwana North and South projects is known as the Mombezhi Dome, one of several in the “Domes” region in north-west Zambia which is where several large-scale copper occurrences exist, including Barrick Gold’s giant Lumwana project.
“So far, we have been delighted with the results from the Zambian copper project review. Indeed, CCZ has done extremely well to position itself in one of the world’s leading copper belts, which augurs favourably ahead of the London listing,” Castillo’s London-based director, Ged Hall, said.