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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | One Tree Hill | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 5/1/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2017: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its One Tree Hill deposit at the West Musgrave project. JV - Drilling results incl. 13.4m @ 0.85% Cu, 0.01% Ni, 0.01% Co, 0.1g/t PGM from 129.6m. Cassini Resources Limite | |
| Resources: | ||
| CP/QP: | [Overall Report]: Greg Miles (Internal) | |
| ABSTRACT: | Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is pleased to provide results of further sampling at the One Tree Hill Prospect 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”). Initial results from One Tree Hill were released on 23 January 2017. The Company is actively exploring the WMP and recently made a new discovery at the One Tree Hill Prospect (Figure 1) late in 2016. The hangingwall mineralisation occurs as veins and is likely to be hydrothermal in nature, remobilised from the primary magmatic sulphide body at depth. This zone is possibly significant enough to contribute to the economic viability of the prospect, being considerably closer to surface and may also assist in vectoring towards the deeper primary magmatic sulphide body. The Company is encouraged by the significant width of the hangingwall anomalism which is supportive of a large parental magmatic source. Further drilling to follow-up the massive sulphide zone at the bottom of CZD0017 is an exploration priority. Managing Director Richard Bevan commented “These additional results reinforce the opportunity that we have uncovered at OTH. They support the Company’s belief that this could be part of a much larger mineralised system and once again shows the significant exploration upside within the West Musgrave Project. We look forward to following this up later in 2017.” | |
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