Cassini Resources' (ASX:CZI) has delivered some very promising results from its maiden drilling program at the wholly-owned West Musgrave Project in Western Australia, which the company acquired from BHP Billiton (ASX:BHP) in May 2014.
The initial results support both the existing resource model, and the potential of a higher-grade core of mineralisation that would support an economic open pit mining operation.
High tenor nickel and copper massive sulphide mineralisation with grades up to 3.4% nickel and 2.02% copper intersected over wide intervals.
Highlights from the first four holes are:
- 28 metres at 1.38% nickel and 0.87% copper from 63 metres, including 6 metres at 3.40% nickel and 0.96% copper; and
- 29 metres at 1.00% nickel and 0.61% copper from 56 metres, including 2 metres at 3.12% nickel and 1.07% copper.
Significant exploration potential exists within project area.
Cassini kicked off the drilling at the Nebo and Babel deposits at the start of the month with around 25,000 metres of reverse circulation drilling at 700 metres of diamond core.
Nebo-Babel deposits
The discovery hole was made in May 2000, being: 26.55 metres at 2.45% nickel, 1.78% copper, 0.74g/t PGE+Au.
It contains a JORC Inferred Resource of 446 million tonnes at 0.33% nickel, 0.35% copper (0.2% Ni cut off) for 1.47 million tonnes of nickel metal and 1.56 million tonnes of copper metal
Cassini will focus on the higher-grade Resource of: 33 million tonnes at 0.73% nickel and 0.59% copper.
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