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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | Nebo | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 18-9-2018: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Nebo deposit at the West Musgrave project. JV - Drilling results incl. 50.35m @ 0.62% Ni, 0.54% Cu, 0.02% Co, 0.15g/t PGE from 170.85m. Cassini Resources Limited (AS | |
| 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 a successful program of resource extension drilling at the Nebo Deposit within 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 as well as a regional exploration program. New High-Grade Lode Position: Angie Lode As part of the PFS resource infill drilling, a number of holes have been designed to target potential highgrade extensions of mineralisation on the peripheries of the current Nebo resource which may have a material impact on the development strategy. The Company has previously reported early success in this program at the H-T Lode at Babel with a significant intercept of 25.6m @ 0.63% Ni, 1.04% Cu (ASX release 17 July 2018). The program has also targeted a number of positions on the eastern margins of the Nebo deposit with significant success from the first round of drilling. The most successful of these has been drill hole CZD0084 which intersected 50.35m @ 0.62% Ni, 0.54% Cu, 0.02% Co & 0.15g/t PGE from 170.85m including a high-grade core of 5.6m @ 2.68% Ni, 2.09% Cu, 0.09% Co & 0.33g/t PGE from 186.95m. In addition, drill hole CZD0082 returned 58m @ 0.32% Ni, 0.37% Cu, 0.01% Co & 0.12g/t PGE including 1.9m @ 2.69% Ni, 2.44% Cu, 0.07% Co & 0.48g/t PGE from 202m, together with a broad zone of medium grade disseminated mineralisation. Full assay details can be found in Table 1. | |
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