Cassini Resources encounters One Tree Hill Massive Sulphides

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) was in a rush to inform the market of visual observations from diamond core drilling at the One Tree Hill prospect, part of the company’s West Musgrave Project, located in Western Australia.

The WMP is subject to an Earn-in/JV Agreement with OZ Minerals (ASX: OZL).

Cassini Resources claimed drilling of hole CZD0017 at One Tree Hill intersected a 15 metre zone of mineralisation, including 3m of massive sulphide, that contains approximately 5 to 10 volume per cent chalcopyrite (copper sulphide) amongst pyrrhotite (barren iron sulphide).

“To identify another mineralised system within the West Musgrave Project area is highly significant,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“Given the size of the overall intersection and thickness of massive sulphides, this has the potential to be part of a larger system at One Tree Hill.

“This discovery really opens up the southern half of the project area.

“Time will tell if this is a significant discovery in its own right, but this has already given us a compelling reason to continue with our exploration strategy of finding new deposits that will complement the development at Nebo Babel.

“It is the result of some great work by our technical team with the support of our partner OZ Minerals.”

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