Cassini Resources Confirms Yarawindah Project to be Part of Emerging Nickel-Copper-PGE Province
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) completed its first diamond drilling campaign at the company’s Yarawindah Brook project near the township of New Norcia, northeast of Perth, Western Australia.
Cassini Resources reported that the drilling, consisting nine diamond holes, returned further nickel and copper results for the project.
The company considers the project prospective for nickel, copper, cobalt and platinum group elements (PGEs) – namely palladium and platinum.
From the drilling, Cassini has identified a third nickel-copper-PGE sulphide prospect it has named the Ovis prospect.
Three holes were completed at Ovis targeting electromagnetic conductors, all of which intersected nickel-copper sulphide mineralisation at shallow depths.
Best results include:
YAD0008
2.25 metres at 1.09 per cent nickel, 0.99 per cent copper, 0.08 per cent cobalt and 0.24 grams per tonne PGE from 84.8m; and
YAD0009
0.9m at 1.44 per cent nickel, 0.76 per cent copper, 0.11 per cent cobalt and 0.19g/t PGE from 86.5m.
“Mineralisation is hosted in metagabbro and metapyroxenite intrusive sequences, consistent with the exploration model targeting mafic-hosted, orthomagmatic massive sulphides,” Cassini Resources said in its ASX announcement.
“The mineralised portion of the host sequence is over 50 metres thick and anomalous in nickel-copper throughout, which is important as massive nickel sulphide accumulations are generally associated with large volumes of sulphide-bearing magma.
“The host sequence in YAD0008 returned an intercept of 50 metres at 0.24 per cent nickel and 0.18 per cent copper (and terminated in mineralised metagabbro) demonstrating the potential scale and prospectivity of the mineralised intrusive.
“Mineralisation remains open along strike and down plunge to the north.
“Follow-up targeting work will integrate results from the geological interpretation and modelling, soil geochemistry and down-hole and surface EM surveys data.”
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