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Cassini Resources Ltd.
Summary
| Project: | Mount Squires | |
|---|---|---|
| Deposit: | Handpump | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/2/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-10-2019: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Handpump deposit at the Mount Squires project. Drilling results incl. 27m @ 1.00g/t Au from 31m. Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Greg Miles (Internal) | |
| ABSTRACT: | Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is pleased to announce further results of RC drilling at Cassini’s 100%-owned Mount Squires Project in the Musgrave Province of Western Australia. These new results have again returned economic mineralisation near surface and extending to shallow depths. The project is an early stage exploration project, highly prospective for gold, located adjacent to the western border of the Company’s West Musgrave JV Project with OZ Minerals Ltd. First results from the drill program were released to the ASX on 24 September 2019. Results from another three holes of the 10 hole program have been received and include significant results of 27m @ 1.00g/t Au from 31m, including 3m @ 2.59g/t Au from 38m in MSC0004 and 19m @ 0.68g/t Au including 6m @ 1.26g/t Au from 38m in MSC0005 (Figure 1). These results complement the earlier reporting of 20m @ 1.27g/t Au, including 7m @ 2.54g/t Au from 23m in MSC0003 on a section 60m to the east (Figure 2) (refer ASX announcement 24 September 2019) . See Table 1 for all results of the program to date. Recent drilling results support the current geological interpretation. Mineralisation is hosted within a hydrothermal breccia at the stratiform contact of a rhyolite and overlying (predominantly barren) volcaniclastic unit. Mineralised lodes, defined by a 0.1g/t Au halo, strike E-W to ESE-WNW and are near vertical to steeply south dipping. Mineralisation is potentially controlled by the intersection of NW-SE and SW-NE trending structures. Surface rock chip sampling of the hydrothermal breccia (Figure 3) and extrapolation of recent and historical drill results indicates a potential mineralised strike of at least 600m which remains open down plunge. | |
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