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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | Nebo-Babel | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 6/8/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 8-6-2017: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Nebo-Babel deposit at the West Musgrave project. JV - Drilling results incl. 3m @ 0.21% Cu, 1.8% Ni, 0.06% Co, 0.21g/t PGM from 215m. Cassini Resources Limited (ASX:C | |
| Resources: | ||
| CP/QP: | [Overall Report]: Greg Miles (Internal) | |
| ABSTRACT: | Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is pleased to provide results from the first of 11 holes recently completed at Nebo-Babel within the West Musgrave Project (“WMP” or the “Project”), located in Western Australia as part of the Earn-in/JV Agreement with OZ Minerals Limited (ASX:OZL) (“OZ Minerals”). The Company recently completed 11 RC holes at Nebo and Babel targeting extensions of high-grade mineralisation within and outside the current resource model. The first assays received are from the eastern end of the Nebo deposit (Figures 1 & 2). Hole CZC0166 intersected a massive sulphide zone containing 3m @ 1.80% Ni, 0.21% Cu, 0.06% Co and 0.21g/t PGE coinciding with a EM conductor within the host gabbronorite. Hole details can be found in Table 1. The intercept demonstrates the potential to identify and delineate higher grade zones beyond the current Nebo resource, particularly considering the coincident EM conductor extends for a further 150m east of CZC0166, with no historical drilling in the area. This hole is from the eastern-most line of drilling at Nebo where previous broad-spaced drilling had only detected lower grade mineralisation. It is expected that this intercept will positively affect the resource model and subsequent mine re-optimisation. Significantly, this hole demonstrates that the Nebo-Babel host intrusion has not been closed-off to the east and may extend well beyond the current drilling, presenting an example of the potential for further discoveries at the Project. This potential has also been demonstrated by the recent One Tree Hill discovery previously announced to the ASX in January 2017 | |
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