Cassini Resources drilling confirms West Musgrave prospectivity
THE DRILL SERGEANT: Cassini Resources (ASX: CZI) recently received all remaining assay results for its initial Reverse Circulation (RC) drilling program at the Pandora target within the company’s 100 per cent-owned West Musgrave project in Western Australia.
The company said the assays for the five remaining holes had confirmed a wide copper and nickel anomalism and down‐hole intervals continuous over 400 metre strike length.
The strongest anomalism intersected:
7 metres at 0.1 per cent copper and 635ppm nickel from 48m and 1m at 0.14 per cent copper and 0.11 per cent nickel from 78m.
Cassini believes the coincident anomalous sulphur assays are evidence base metals are present in sulphide form.
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Analysis of down-hole geological and geophysical data has indicated the massive magnetite intersected over down‐hole intervals is the source of the observed surface and airborne electromagnetic geophysical anomaly.
Cassini said the assays reinforce the company’s contention that Giles Complex magmatism, prospective for nickel‐copper sulphide, extends into its project area and represents a large and previously unexplored extension of the West Musgrave mineralised province.
The company said the recent work it has conducted the West Musgrave project has achieved a number of important milestones that have reduced the exploration risk of the project.
Cassini affirms the program has confirmed that:
The nickel-copper‐Cu sulphide prospective geology of the exposed parts of the western Musgrave Province continues under cover into the project area;
Magnetic anomalies in the project area are sourced by mafic intrusive bodies;
Magmatic sulphides are forming in these rocks and the right type of highly‐dynamic metal‐concentrating magmatic processes are occurring;
The prospective basement in the project area occurs at relatively shallow depths and has not been significantly weathered, improving the chances of geophysical detection of sulphide mineralisation;
Electro‐magnetic (EM) surveying techniques are effective for detecting sulphide mineralisation within the project area where palaeo‐drainage pathways are not present; and
The area of the Project surveyed to date does not host stratigraphic conductors that would generate false‐ positive anomalies in EM surveys. This is similar to the exposed parts of the west Musgrave province further east and reduces the technical risk in future exploration.