Cassini Resources Identifies Additional Copper Mineralisation at One Tree Hill

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) released results of further sampling at the One Tree Hill prospect within the West Musgrave Project (WMP) in Western Australia, which is subject to an Earn-in/JV Agreement with OZ Minerals (ASX: OZL).

Cassini Resources said drill hole CZD0017 intersected a massive sulphide zone returning:

3.2 metres at 2.16 per cdent copper, 0.58 per cent nickel, 0.1 per cent cobalt and 1 gram per tonne PGE;

This was within a broader disseminated zone of:

34m at 1.05 per cent copper plus 0.5g/t PGE.

Cassini explained that due to time constraints only the strongest mineralisation was analysed initially.

The company has now had more thorough sampling completed through the upper or hanging-wall zone, which has returned an intercept of:

13.4m at 0.85 per cent copper from 129.6m, including 1.6m at 2.76 per cent copper from 134.9m.

The company claimed that almost the entire hole is copper anomalous (>250ppm) with numerous spikes of PGEs of approximately 0.1g/t.

Cassini considers the hangingwall mineralisation zone could possibly be substantial enough to contribute to the economic viability of the prospect, being considerably closer to surface and may also assist in vectoring towards the deeper primary magmatic sulphide body.

The company said it had been encouraged by the width of the hanging-wall anomalism, which is supportive of a large parental magmatic source.

Cassini has determined further drilling to follow-up the massive sulphide zone at the bottom of CZD0017 to be an exploration priority.

“These additional results reinforce the opportunity that we have uncovered at One Tree Hill,’ Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“They support the company’s belief that this could be part of a much larger mineralised system and once again shows the significant exploration upside within the West Musgrave Project.

“We look forward to following this up later in 2017.”

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au