THE DRILL SERGEANT: Cassini Resources (ASX: CZI) declared its standalone explorer status by updating the market on recent exploration activities at the company’s Yarawindah Brook project in Western Australia.
Since recently announcing an impending de-coupling with Joint Venture partner OZ Minerals, Cassini is keen to show off the potential of Yarawindah Brook, which is considered prospective for nickel, copper, cobalt and platinum group elements (primarily palladium and platinum).
The project sits in an emerging new nickel-copper-cobalt-PGE province that has been validated by Chalice Gold Mines recent high-grade discovery at the Julimar project, approximately 40km south of Yarawindah Brook.
Cassini has completed two diamond drill holes at the project’s Ovis prospect, one of which, drill hole YAD0010, intersected multiple narrow, massive to semi-massive sulphide zones, returning peak grades of 1.96 per cent nickel and up to 1.81 grams per tonne combined PGE within a 35m-wide disseminated sulphide zone.
Drill hole YAD0011 also returned several narrow mineralised intervals, including 2m at 0.69 per cent nickel and 0.51 per cent copper within a broader sulphide-rich zone, demonstrating down-plunge continuity of the Ovis prospect.
“We’re pleased with the results from our first two drill programs at Yarawindah and we’ve made significant progress in understanding the potential of the region,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.
“Recent analysis of geophysical data suggests the host intrusion is far larger than originally interpreted and barely explored.
“The recent drill results have shown that we’re in a fertile magmatic nickel-copper environment, and that we’ve barely begun to unlock the potential of our tenement package.”
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