Castillo Copper (ASX:CCZ) has commenced drilling at its Posada Copper Project in Chile to test a 1 kilometre by 4 kilometre geophysical target previously identified that it had previously identified.
Two diamond holes, each to 250 metres depth, are being drilled at Posada, the second of three Castillo properties to be drill tested this field season.
The project covers 6,100 hectares on the northern Chilean copper-iron belt, and exploration work by Castillo has focused on identification of iron oxide copper gold targets hosted within the Mesozoic arc volcanics.
Castillo's other Chilean projects, Resguardo and Rio Rocin, are prospective for porphyry and supergene copper mineralisation.
The company also controls exploration properties in New South Wales, and is capitalised at $3 million.
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