Cassini beginning to unlock Succoth potential

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received the first assay results from drilling undertaken at the Succoth prospect, a copper dominant system which lies 13 kilometres northwest of the Nebo and Babel nickel sulphide deposits, the company’s 100 per cent-owned West Musgrave project in Western Australia.

Cassini added a touch of drama to the announcement by entering a self-imposed ASX trading halt the previous afternoon.

The first hole of the recent drilling program, CZC0118 returned:

148 metres at 0.94 per cent copper, 0.09 per cent nickel and 0.24 grams per tonne PGE from 30m, including 42m at 1.38 per cent copper, 0.13 per cent nickel and 0.32g/t PGE from 102m.

Two follow-up holes have also been drilled. CZC0119, collared 50m west of CZC0118, tested the up-dip position and returned:

10m at 0.59 per cent copper from 50m and 44m at 0.69 per cent copper from 86m.

CZC0120 was drilled down-dip and did not intersect the target, which the company put down to a deviation of the hole.

 

Section 101850N showing significant intercept in CZC0118. Source: Company announcement

 

Cassini declared the results demonstrate up-dip continuity of mineralisation as well as the scale potential of Succoth, with the potential for mineralisation to be widening closer to surface.

The company has carried out a review of these results, combined with previous drilling, and local exploration drilling, which it claims has demonstrated Succoth could shape up to be a “globally significant” copper deposit.

“We inherited this project that had a number of individual holes – none of which provided a coherent sense of the mineralisation or the scope of the deposit,” Cassini Resources managing director Richard Bevan told The Resources Roadhouse.

“The first few holes we have drilled have shown some encouraging continuity with intersections along strike and it is now beginning to look like a real world-class project.”

Cassini has also received results from further drilling, which is testing beneath a historical aircore hole WMAC1379 (12m at 1.2 per cent copper from 19m).

The hole, CZC0131, returned:
26m at 0.61 per cent copper from 22m to identify a new zone of copper mineralisation.

A second hole has been planned to test this mineralisation at depth.

Hole CZC0131 is located approximately 1km to the south west of CZC0118.

Cassini believes this proximity highlights Succoth’s potential strike extent.

The company is now reviewing a number of other aircore anomalies it considers to represent further opportunities to discover additional lodes, which may extend strike length to up to three kilometres.

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au