Cassini Resources gets heritage approvals to drill West Musgrave project

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received all of the required heritage approvals from the Nygaanyatjarra Land Council for a planned maiden Reverse Circulation (RC) drilling program.

The drilling is to be conducted at the Pandora nickel‐copper sulphide target at the company’s 100 per cent-owned West Musgrave project in Western Australia.

The first phase of the program is anticipated to consist of 1,800 metres of RC drilling, which will is anticipated to be carried out within a time frame of approximately two weeks.

VTEM survey image. Source: Company announcement

“It is pleasing to be in a position to provide some good news against a backdrop of generally dour market sentiment,” Cassini Resources chairman Mike Young said in the company’s announcement to the Australian Securities Exchange.

“A focus on exploration at this time positions the company to take advantage of stronger commodity prices and market conditions in the future.

“Notwithstanding the general market environment, we continue to receive considerable interest in the company and the West Musgrave project.”

Cassini has lodged a Program of Work summary with the Western Australia Department of Mines and Petroleum, which it indicated was the only remaining milestone to be satisfied prior to the commencement of drilling.

The company expects the approval process to be completed before the end of July 2013, which will allow for drilling to commence by mid‐August 2013.