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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | Babel | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 7/17/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 17-7-2018: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Babel deposit at the West Musgrave project. JV - Drilling results incl. 25.6m @ 0.63% Ni, 1.04% Cu, 0.03% Co, 0.23g/t PGE from 317.3m. Cassini Resources Limited (ASX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Greg Miles (Internal) | |
| ABSTRACT: | Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is pleased to announce early success from extension drilling at the Babel Deposit, part of the West Musgrave Project (“WMP” or the “Project”) in Western Australia. The program is funded as part of the Earn-in/JV Agreement (“JV” or “the Agreement”) with OZ Minerals Limited (ASX:OZL) (“OZ Minerals”). The JV Partners are currently undertaking a Pre-feasibility Study (PFS) on the Nebo-Babel Deposits with a concurrent regional exploration program. This announcement follows the reporting of visual observations from drilling on 21 June 2018. The H-T Lode Diamond drillhole CZD0077 is the first hole to test a strong Moving Loop Electromagnetic (MLEM) and coincident Down Hole Electromagnetic (DHEM) conductor representing an extension to the Babel Deposit. The hole has intersected 25.6m @ 0.63% Ni, 1.04% Cu, 0.03% Co, 0.23g/t PGE and 0.11g/t Au from 317.3m, hosted with a 34m zone of gabbronorite. This hole is consistent with the nearest drill hole, WMN4049, with an intercept of 25.1m @ 0.94% Ni & 0.94% Cu, 0.03% Co, 0.28g/t PGE and 0.11g/t Au from 311.6m. This intercept lies approximately 50m east of CZD0077 (Figure 1). | |
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