THE BOURSE WHISPERER: Cassini Resources has commenced exploration activity on all three of the company’s projects, located in Nevada in the United States.
The company has kicked off its North American exploration activities ahead of the schedule, saying it expects to advance each of these projects significantly over the next six months.
Cassini considers its Nevada projects represent a near term opportunity for exploration success in one of the world’s pre-eminent mining jurisdictions.
Cassini project locations in Nevada. Source: Company announcement
Cassini has staked additional claims at the Goldstar project to cover structural targets on the eastern margin of the claim block.
“Negotiations with holders of patented claims covering historic workings within the Goldstar Area of Interest have commenced,” Cassini Resources said in its ASX announcement.
The company indicated it had just completed detailed structural mapping at Goldstar and is set to commence ground magnetic surveying.
“Target zones identified using the mapping and magnetics will be rock chip sampled in mid-July 2012,” the company said.
Cassini has also staked an additional 80 claims over prospective structure and stratigraphy at the Leonid project to extend the project by an additional 3.7 kilometres of strike length on the northwestern side of the claim block.
Detailed structural mapping is nearing completion with gravity surveying scheduled to be carried out in July 2012.
Prospective structures will be rock chip and/or soil sampled in July 2012.
At the Pasco Canyon project road and drill pad construction has commenced and will be completed by the end of June 2012.
The diamond drill rig is scheduled to arrive on site early next month.
The drill program will consist four holes and is expected to take approximately 30 days to drill.