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Cassini Resources Ltd.
Summary
| Project: | West Musgrave | |
|---|---|---|
| Deposit: | Yappsu | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-PGM | |
| Date: | 7/16/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Scoping Study | |
| Report details: | 16-7-2018: Cassini Resources Ltd. announces an Exploration/Drilling Update report for its Yappsu deposit at the West Musgrave project. JV - Drilling results incl. 55.6m @ 0.32% Ni, 0.34% Cu, 0.01% Co, 0.23g/t PGE from 118m. Cassini Resources Limited (ASX: | |
| 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 second significant intersection of massive sulphide mineralisation at the Yappsu Prospect 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. The visual observations of this hole were first reported by the Company on 27 June 2018. The combined weighted average of all intercepts is 77.8m @ 0.49% Ni, 0.49% Cu, 0.2% Co, 0.29g/t PGE which is the most significant intercept at the prospect to date on a contained metal basis, confirming the Company’s belief that historical drill holes had not intersected the core of the mineralised system. Mineralisation has continuity over 250m down-plunge and appears to be strengthening at depth which remains completely open and untested by current Downhole Electromagnetic (DHEM) or surface Moving Loop Electromagnetic (MLEM) systems. Additionally, the disseminated mineralisation has a weak EM signature and may extend up-plunge closer to surface than indicated by the EM models. The up-plunge position has not been tested by drilling | |
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