THE DRILL SERGEANT: Cassini Resources (ASX: CZI) is set to commence a program of diamond drilling at the company’s 80 per cent-owned Yarawindah Brook project located near New Norcia in Western Australia.
Cassini Resources declared the project as being prospective for nickel, copper, cobalt and PGE’s, adding that the drilling program will target two separate prospect areas, the XC05 conductor and the AN01-AN02 conductors.
Approximately 1,000 metres of diamond drilling is expected to conclude in January after a short break for Christmas.
The company completed an airborne electromagnetic survey (AEM) over the project in early 2018 that identified numerous conductors it considered worthy of further investigation.
A surface fixed loop electromagnetic (FLEM) survey was also completed over several of the higher priority AEM anomalies in order to confirm and better constrain the conductors prior to drilling.
The FLEM reinforced the XC05 and XC06 anomalies as priority targets, however, only the XC05 conductor will be tested in this program due to access difficulties at XC06.
XC05 has been modelled as three discontinuous conductors over a strike length of 300m, with a maximum conductance of 2400S. This will be the first-ever drill testing in this area of the project, which is a distinctly different part of the belt which hosts the AN01 and AN02 conductors.
The AN01 and AN02 conductors sit at the southern end of a large ultramafic belt that hosts a small lateritic platinum and palladium resource.
Cassini considers the platinum and palladium enrichment in the regolith as ‘path-finders’ for potential massive nickel – copper – cobalt sulphides, which have been proven to exist by historic exploration drilling carried out in 2007 that returned several intercepts of sulphide mineralisation.
No follow-up drilling was conducted and now Cassini has re-modelled surface and downhole electromagnetic (DHEM) data and identified multiple offhole conductors which it hopes may represent extensions to recognised mineralisation.
“This is an exciting time for our company and we are not slowing down for the holiday period,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.
“This is our maiden drill program at Yarawindah Brook, supported by some excellent work done by our exploration team.
“There is a high level of anticipation amongst our team and we hope this program delivers a great start to the New Year.”