THE DRILL SERGEANT: Cassini Resources (ASX: CZI) announced further drilling success at the West Musgrave Project (WMP) Joint Venture with OZ Minerals (ASX: OZL) in Western Australia.
This time the announcement stemmed from extension drilling at the Babel deposit.
Cassini Resources explained diamond drillhole CZD0077 is the first hole to test a strong Moving Loop Electromagnetic (MLEM) and coincident Down Hole Electromagnetic (DHEM) conductor representing an extension to the Babel Deposit.
The hole intersected:
25.6 metres at 0.63 per cent nickel, 1.04 per cent copper, 0.03 per cent cobalt, 0.23 grams per tonne platinum group elements (PGE) and 0.11g/t gold from 317.3m, hosted with a 34m zone of gabbronorite.
This hole is consistent with the nearest drill hole, WMN4049, that returned an earlier intercept of:
25.1m at 0.94 per cent nickel and 0.94 per cent copper, 0.03 per cent cobalt, 0.28g/t PGE and 0.11g/t gold from 311.6m.
This mineralised zone known as the H-T Lode, which the JV has interpreted to appear as the faulted extension of the Startmeup Shoot and demonstrates a similar style of mineralisation, grade and geometry.
Cassini said the H-T Lode is now considered as an important target as an extension to the proposed Babel open pit design either by cutback or through underground mining.
“The JV Partners are encouraged with this early success to the resource extension program which demonstrates the potential up-side to the existing Nebo-Babel resource,” Cassini Resources said in its ASX announcement.
“The diamond rig is currently drilling other extension and infill targets at Nebo and Babel.
“A follow-up hole will be drilled to test mineralisation along strike to the west, which is currently open, following completion of DHEM and geological interpretation.
“A second diamond rig has recently started drilling at the One Tree Hill prospect following the company’s systematic plan for regional exploration throughout 2018.”