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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | One Tree Hill, Succoth | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 12/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 19-12-2019: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its One Tree Hill, Succoth deposit at the West Musgrave project. Drilling results incl. 89.5m @ 0.68% Cu, 0.07% Ni, 0.16g/t PGE from 319.0m. Cassini Resources Limited ( | |
| 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 results from recent drilling at the One Tree Hill Prospect and Succoth Deposit within the West Musgrave Project (“WMP” or the “Project”) in Western Australia. The exploration program is funded as part of the 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 in conjunction with a regional exploration program across the WMP. Since the last update in June, activities at One Tree Hill comprised a high-resolution aeromagnetic survey and two reverse circulation drill holes testing extensions to mineralisation east of CZD0099, together with geological and geophysical modelling. The aeromagnetic survey was flown at 30m height and 40m line spacing, providing very high quality data. The new magnetic data has been critical in the latest structural and geological interpretation of the prospect, particularly given that the Giles Mineralised Intrusions and Giles Metagabbros appear to be clearly defined in the magnetic images. Furthermore, the latest geological and structural interpretation on long-section (Figure 1) correlates very closely with the interpretation of the magnetic data. This interpretation suggests that the mineralised intrusions at One Tree Hill are terminated against the Titan Fault to the southwest and are offset by the ENE trending Osborne Fault (Figure 2). Importantly, this indicates potential extensions of the Giles Mineralised Intrusions to the north of the existing drilling and to the south of the Osborne Fault, both of which remain untested. | |
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