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Cassini Resources Ltd.
Summary
| Project: | Mount Squires | |
|---|---|---|
| Deposit: | Handpump | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/24/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-9-2019: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Handpump deposit at the Mount Squires project. Drilling results incl. 20m @ 1.27g/t Au from 23m. 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 the first results of RC drilling at Cassini’s 100%-owned Mount Squires Project in the Musgrave Province of Western Australia. 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. This drilling program at the Handpump Prospect comprised 10 holes for 1,134m of RC. The program was designed to confirm mineralisation controls and extensions to previous drill intercepts which include a best result of 15m @ 2.30g/t Au from 31m. Cassini’s drilling program represents the first drilling at the Handpump Prospect since 2011, prior to Cassini’s ownership. Cassini Managing Director Mr Richard Bevan commented “We’re really encouraged by these early results which confirm the presence of significant gold mineralisation at the Handpump Prospect and reinforce the prospectivity of our Mount Squires Gold Project. This is a new frontier for gold exploration in Australia with unrealised potential. Cassini is well positioned to exploit this opportunity through our understanding of the geology of the region and established operational capability. We look forward to receiving the results from the rest of the program.” | |
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