Cassini’s Babel drilling delivers high-grades near surface

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has received the first assay results from a recent drill program at the Babel deposit, part of the company’s 100 per cent-owned West Musgrave project.

The Babel deposit is located approximately one kilometre west of the Nebo deposit and according to Cassini both deposits are part of one ore body.

The company explained the Babel drill program was designed to infill existing, very broad drill spacing to approximately 100m by 100m, which it anticipates will enable the current Inferred resource estimate to be upgraded to an Indicated resource.

The company’s primary goal with the recent program was to validate its belief consistent higher‐grade zones of mineralisation can be defined at Babel within the broad mineralised envelope.

 

Startmeup Shoot. Source: Company announcement

 

Best results from the Startmeup Shoot, which comprises a relatively higher‐grade zone, close to surface, within the broader Babel deposit, include:

CZC0091
22 metres at 0.68 per cent nickel, 1.19 per cent copper and 0.34 grams per tonne platinum group elements (PGE) from 4m;

CZC0088
20m at 0.47 per cent nickel, 1.12 per cent copper and 0.22g/t PGE from 36m; and

CZC0092
12m at 0.75 per cent nickel, 1.45 per cent copper and 0.26g/t PGE from 72m within 22m at 0.51 per cent nickel, 0.94 per cent copper and 0.22g/t PGE from 64m.

Drilling results also include a number of intercepts from the main body of Babel, returning widths of disseminated mineralisation, in‐line with previous drilling results.

Better intercepts from the main body of Babel include:

CZC0104
26m at 0.57 per cent nickel, 1.02 per cent copper and 0.17g/t PGE from 34m;

CZC0102
4m at 2.17 per cent nickel, 0.44 per cent copper and 0.25g/t PGE from 92m within 20m at 0.77 per cent nickel, 0.46 per cent copper and 0.21g/t PGE from 92m; and

CZC0106
46m at 0.42 per cent nickel, 0.44 per cent copper and 0.34g/t PGE from 94m.

“Cassini’s first results from the maiden drill program at Babel clearly demonstrate the presence of significant, near surface mineralisation which provides further confidence in our high-grade strategy for the project,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“They are great results and show this is a very large system and parts of it are very shallow.

“The updated mineral resource statement, which will be prepared following receipt of all assays, will provide a strong platform for demonstrating the significant value of the West Musgrave project.”

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Website: www.cassiniresources.com.au