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Cassini Resources Ltd.
Summary
| Project: | Yarawindah Brook | |
|---|---|---|
| Deposit: | Brassica | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 1/14/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-1-2020: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Brassica deposit at the Yarawindah Brook project. Drilling results incl. 5.95m @ 0.21% Ni, 0.15% Cu, 0.03% Co, 0.06g/t PGE from 92.9m. Cassini Resources Limited (ASX | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Miles (Internal) | |
| ABSTRACT: | Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is pleased to announce encouraging early results from drilling at the Yarawindah Brook Project located 130km northeast of Perth, on agricultural land near the township of New Norcia in Western Australia. The Company has a 80% beneficial interest in the project which is prospective for nickel, copper, cobalt and PGE’s. Kalgoorliebased prospector, Mr Scott Wilson, retains a 20% interest in the Project. The Company is undertaking a diamond drilling program targeting multiple electromagnetic conductors identified following an airborne and ground electromagnetic surveys in 2018. The current program is the Company’s first-ever drilling at the Project. The Company has had immediate success with the first two drill holes intersecting over 50m thick sequences of metagabbro’s containing trace to minor pentlandite and chalcopyrite (Figure 1). Drilling has targeted the XC05 Conductor, now re-named the “Brassica Prospect” located approximately 4km to the southwest of the main Yarawindah Prospect. The XC05 Conductor has been modelled as three distinct electromagnetic conductors extending over a strike length of 300m, with modelled plate conductance of up to 2,400S, consistent with sulphide accumulations. Assay results include promising intercepts of 1.1m @ 0.50% Ni, 0.10% Cu & 0.08% Co from 92.9m in YAD0002 and 0.7m @ 0.09% Ni, 1.46% Cu & 0.02% Co from 71.4m in YAD0001 (Figure 2). The metagabbro’s are strongly anomalous in Ni and Cu (approx. 500ppm) throughout. Full assay details are provided in Table 1 below. | |
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