Cassini claims new Nebo discovery

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has claimed discovery of new lode of high‐grade mineralisation at the Nebo deposit within the company’s 100 per cent-owned West Musgrave project in Western Australia.

Cassini declared the latest assay results from Nebo have demonstrated immediate success from the first hole drilled beyond the current Resource area, CZC0024, which returned:

7 metres at 0.98 per cent nickel and 1.13 per cent copper from 185m; and

3m at 1.45 per cent nickel and 0.22 per cent copper from 199m.

Cassini explained CZC0024 was targeting an untested electro‐magnetic (EM) conductor it had identified during a review of historical surface and down‐hole EM data at Nebo.

 

Section through 371700E showing new massive sulphide lode in CZC0024 and
high-grade zone in CZC0005. Source: Company announcement

 

A number of high‐grade intervals have been returned from the latest batch of assays, including:

CZC0005
36m at 1.54 per cent nickel and 1.04 per cent copper from 90m, including 10m at 2.46 per cent nickel and 1.44 per cent copper from 90m and 4m at 3.11 per cent nickel and 0.84 per cent copper from 119m;

CZC0001
5m at 1.89 per cent nickel and 2.67 per cent copper from 106m;

CZC0003
17m at 0.65 per cent nickel and 0.46 per cent copper, including 2m at 1.38 per cent nickel and 1.17 per cent copper from 68m; and

CZC0013
2m at one per cent nickel and 0.41 per cent copper from 81m.

Cassin considers these results demonstrate the continuity of the higher grade zone along these sections.

The company hopes to release further results from adjacent sections in the coming weeks, which it expects to demonstrate the longitudinal continuity of the mineralisation.

Cassini is confident it has now also proven the potential to grow the existing Resource, both in terms of tonnage and grade, as it tests areas beyond the extent of previous drilling.

Cassini said the location of contact at Nebo is poorly defined by historical drilling and geophysics, which provides it with the opportunity to discover new, relatively high-grade, mineralisation at depths considered suitable for open pit mining.

“We are amazed by the results from the ongoing drilling program at Nebo,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“The results continue to exceed our expectations and definitely validate Cassini’s higher grade infill strategy.

“The immediate success from step‐out drilling provides encouragement that additional higher grade mineralisation can be delineated by targeting untested EM conductors beyond the existing Resource boundary.”

Email: info@cassiniresources.com.au

Website: www.cassiniresources.com.au