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Castillo Copper Picasso Lithium Project Update
Castillo Copper Picasso Lithium Project Update.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 1070T\n Cadence Minerals PLC\n 22 November 2021\n \n \n \n \n Cadence Minerals Plc \n \n \n \n \n \n (\"Cadence Minerals\", \"Cadence\")\n \n \n \n \n \n Castillo Copper (ASX/LON: CCZ)\n field trip to the Picasso Lithium Project identifies circa 10km zone of pegmatites.\n \n \n \n Further to the announcement of 27 October 2021, Cadence Minerals (AIM/AQX: KDNC; OTC: KDNCY) is pleased to announce that Castillo Copper (ASX/LON: CCZ) (\"Castillo\") has provided an update on the Picasso Lithium Project following the visit of its geology team who mapped and collected samples from the high-density corridor. \n \n For the full Castillo announcement, please click link here.\n \n Highlights\n \n · A circa 10km zone of pegmatite occurrences was confirmed in the north-eastern part of the tenure, which significantly exceeds government mapping; and\n \n · The observed pegmatites are potentially related to lithium mineralisation which enhances prospectivity of the tenure's north-eastern quadrant\n \n · Due diligence for the Litchfield Lithium Project is progressing with the laboratory expected to return assays within 2-3 weeks\n \n Field Trip Findings: \n Castillo's geology team undertook considerable mapping across the Picasso Lithium Project, though much of the time was focused on the tenure's north-east quadrant where the high-density pegmatite corridor is located. Encouragingly, a circa 10km zone of pegmatite occurrences was confirmed in the tenure's north-east quadrant which is the best exposed part of the Picasso Lithium Project. Notably, the pegmatites potentially host lithium mineralisation though this is subject to further investigation. There are several areas of outcropping basement where granite is the dominant rock type. Interestingly, there is potential to discover further pegmatites across the tenure as there is significant shallow sand cover.\n \n \n Simon Paull, Managing Director of Castillo Copper, commented: \"The geology team's visit to the Picasso Lithium Project delivered encouraging news, confirming that a 10km zone of pegmatites is apparent in the tenure's north-east quadrant. The Board's preliminary conclusion, based on due dil...