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Cassius Mining Ltd.
Summary
| Project: | Gbane | |
|---|---|---|
| Deposit: | Gbane | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 11/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-11-2018: Cassius Mining Ltd. announces a Resource Estimation report for its Gbane deposit at the Gbane project. Exploration target for Gbane project. Cassius Mining Limited [ASX Code: CMD] (the ‘Company’ or ‘Cassius’) is pleased to provide this updat | |
| Resources: | Exploration Target: 9.1Mt @ 1.0g/t Au | |
| CP/QP: | [Overall Report]: Peter Gleeson (SRK Consulting (UK) Ltd.) | |
| ABSTRACT: | Cassius Mining Limited [ASX Code: CMD] (the ‘Company’ or ‘Cassius’) is pleased to provide this update on the Gbane Project, Ghana documenting its current Exploration Target (as defined by JORC 2012, Section 17*) and related near future Phase 4 exploration. Phases 1-2 drilled a total of 8,637 metres RC (58 holes, GRC 001-058) and 6,286 metres DD core (32 holes, GDD 001-032), typically at 100m drill line/hole spacings though with selected 50m infill spacings. All holes were oriented at 70-90º azimuth, with an approximate 60º dip to optimise intersections orthogonal to the north-striking, westerly shallow dipping target horizons. Phase 3 was conducted 700m SE of the high-grade mineralisation previously identified in the south of Phases 1-2. Eleven holes were drilled typically at 100m drill line/hole spacings (2,421 metres, DDD 001- 004, 007, 010, 055-056 and 061-063). All were drilled with an approximate azimuth of 55o and 60o dip, except DDD 010 with an azimuth of 135o . assius also engaged Geotech Ltd to fly a high resolution magnetometry and multi-channel radiometrics over its entire license area, identifying 2 major shear trusts crossing the license. As a result, and in conjunction with data from the earlier Phases 1-3 exploration programmes, a zone of primary interest has been identified for targeted diamond core drilling in the next Phase 4. This is based on the intersections of mineralised splays and fold axes with the westerly shear thrust, in close proximity to the higher grade and wider zones of gold mineralisation already identified in the southern part of Phases 1-2. | |
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