THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has been encouraged by early drilling results from the company’s 80 per cent-owned Yarawindah Brook project located northeast of Perth near New Norcia in Western Australia.
Cassini Resources considers the project to be prospective for nickel, copper, cobalt and PGE’s and is undertaking its first ever drilling at the project, a diamond drilling program targeting multiple electromagnetic conductors identified following an airborne and ground electromagnetic surveys in 2018.
Initial drilling has been carried out on the Brassica prospect, located approximately four kilometres to the southwest of the main Yarawindah prospect, from which the first two holes intersected sequences of more than 50 metres of metagabbro’s containing trace to minor pentlandite and chalcopyrite.
Assay results include promising intercepts of:
1.1 metres at 0.5 per cent nickel, 0.1 per cent copper and 0.08 per cent cobalt from 92.9m; and
0.7m at 0.09 per cent nickel, 1.46 per cent copper and 0.02 per cent cobalt from 71.4m.
“The first two drill holes have both intersected over 50m thick sequences of metagabbro’s which have intruded into and are intercalated with strongly foliated, deformed and locally pyrrhotite- and pyritebearing mafic and felsic country rock gneisses,” Cassini Resources said in its ASX announcement.
“Metagabbro’s contain pyrrhotite and pyrite disseminations throughout and trace pentlandite and chalcopyrite.
“Locally, predominantly pyrrhotite-rich massive sulphides and chalcopyrite-rich veinlets are also present within the metagabbro’s and country rocks.
“Although the mineralisation identified so far is not economic, the company considers these results very encouraging for a completely new target area at a very early stage of exploration.
“The results to date have already demonstrated the project’s potential to host multiple magmatic nickel and copper deposits.”
Cassini has recommenced drilling at Yarawindah following the Christmas-New Year break, with a third hole at Brassica underway.
Following completion of this hole the rig will move to the main Yarawindah prospect to drill the AN01 and AN02 conductors, which are believed to be extensions to previously identified mineralisation.