THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has commenced RC drilling at the Handpump prospect on the company’s 100 per cent-owned Mount Squires project, located adjacent to the western border of its West Musgrave JV project with OZ Minerals (ASX: OZL) in the Musgrave Province of Western Australia.
Cassini Resources’ Mount Squires project is an early stage exploration project, the company considers highly prospective for gold.
Drilling at the Handpump prospect is now underway that is designed to confirm mineralisation controls and extensions to previous drill intercepts which include a best result of 15 metres at 2.3 grams per tonne gold from 31m within a broader mineralised envelope of 57m at 0.94g/t gold from 14m.
Cassini explained this drilling program represents the first drilling to be undertaken at the Handpump prospect since 2011, prior to Cassini’s ownership.
Simultaneously, a high-resolution aeromagnetic survey has commenced over the northern half of the Mount Squires gold project to assist with structural and lithological mapping which should assist in targeting gold mineralisation in these geological settings.
“Cassini has compiled all previous exploration into a consolidated database and utilised public geological and geophysical datasets to assist with geological interpretation and targeting,” the company said in its ASX announcement.
“This program marks the beginning of the company collecting new data to close the gaps in the existing data sets.
“The company has demonstrated expertise in operating in the region and continues to operate all field activities at the adjacent West Musgrave JV nickel and copper project.”