Cassini Resources intersects nickel-bearing massive sulphides

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) reported assay and down-hole EM surveying results from diamond drilling at the Esagila prospect, located within the company’s 100 per cent-owned West Musgrave project in Western Australia.

The results from diamond hole CZD0010 have caused some excitement within the company, having returned the best massive nickel sulphide intersection outside of the Nebo-Babel deposits since Cassini acquired the project in April 2014.

CZD0010
1.1 metres at 0.70 per cent nickel and 0.95 per cent copper from 360.3m within the massive sulphide zone.

The company explained the massive sulphides occur at the base of a broad zone of disseminated and stringer chalcopyrite-pyrrhotite mineralisation that returned:

15.7m at 0.61 per cent copper 0.12 per cent nickel from 346.

“This is a very encouraging result in light of the early stage of work at Esagila,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“We have successfully shown that zones of massive sulphide exist outside those already known at Nebo-Babel and these results give us encouragement that we can discover new zones of high-grade nickel and copper mineralisation across the broader project.

“The recent drill program has successfully demonstrated the quality of the exploration targets at the project, and our exploration strategy.

“We’re confident that our ongoing exploration activities will deliver new discoveries that will complement a future mining operation at Nebo-Babel, and provide a step-change in value for the company.”

The Esagila prospect is located only four kilometres from the Succoth prospect.

Both are interpreted as parts of the same mineralised intrusive complex that covers approximately 65 square kilometres.

Email: info@ausgoldlimited.com.au

Website: www.ausgoldlimited.com.au