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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | Succoth | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 2/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 18-2-2019: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Succoth deposit at the West Musgrave project. Drilling results incl. 141.3m @ 0.50% Cu, 0.05% Ni, 0.11g/t PGE from 431.5m. Cassini Resources Limited (ASX:CZI) (“Cass | |
| 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 Succoth 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 Prefeasibility Study (PFS) on the Nebo-Babel Deposits as well as a regional exploration program. The Succoth Deposit is a large, Inferred copper resource of 156mt @ 0.60% Cu, located only 13km northeast of Nebo that could have significant benefits to the Project by providing additional mineralisation to a future mining operation at Nebo-Babel. The results have confirmed thick zones of copper mineralisation that support a favourable, folded mineralisation geometry, with significant implications for future resource updates and mining evaluation. Drilling has also provided further evidence of a proximal source of nickel sulphide mineralisation. Cassini Managing Director Richard Bevan commented, “The importance of these results goes well beyond the assays themselves. They support a favourable geological interpretation that has significant potential benefit for the scale of the resource at Succoth, its amenability to open pit mining and our goal of building a multi-decade mining operation in the West Musgrave. The perseverance of our geological team is successfully unlocking the potential of Succoth and we look forward to further drilling success in 2019”. | |
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