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.

Cassini Resources managing director Richard Bevan spoke with The Roadhouse at the RIU Melbourne Resources Roundup. Watch here.

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.

THE DRILL SERGEANT: Cazaly Resources (ASX: CAZ) recently released results from pre-collar RC drilling recently completed at the company’s Mt Angelo North copper deposit located in the Kimberley region of Western Australia.
 

In all, Cazaly conducted 10 pre-collar RC and 9 diamond tails totalling 1,115 metres of RC and 681 metres of diamond drilling for this particular program.

The Roadhouse spoke with Cazaly Resources joint managing director Clive Jones at the RIU Melbourne Resources Roundup. Watch here.

The RC drilling was largely conducted to facilitate diamond core drilling principally aimed at exploring the extent of the recently discovered ‘Feeder Zone’, which was previously reported from the company’s initial diamond core drilling program in June this year.

The company explained that some of the pre-collars were positioned to also test for eastern extensions of the upper massive sulphide blanket.

Of the nine pre-collars drilled on the eastern flank, eight were successful in extending this mineralisation.

Highlights included:

27 metres at 2.86 per cent copper equivalent;

21m at 1.95 per cent copper equivalent; and

18m at 1.6 per cent copper equivalent.

Cazaly said it had been encouraged by the discovery of the feeder zone as it considers it could lead to the discovery of further high-grade mineralisation at Mount Angelo North.

The company said multi-element data and structural information collected from the drilling will targeting other massive sulphide lenses as well as extensions to the blanket and feeder mineralisation defined to date at the Mt Angelo North copper deposit.

The Halls Creek copper project is located in the Kimberley region of Western Australia is subject to an agreement with 3D Resources Limited (ASX: DDD) whereby Cazaly may earn up to a 75 per cent interest in the project.

THE DRILL SERGEANT: Sipa Resources (ASX: SRI) has completed three diamond drillholes for 410.9 metres of RC precollar and 941.6 metres of core at two Sub-prospects within the Enigma Secondary Copper Blanket at the company’s 100 per cent-owned Thaduna copper project, located in the Gascoyne region of Western Australia.

The company explained the aim of the program was to discover substantial thicknesses of primary copper sulphides, which may be part of the source, or sources, of the extensive – some 5 kilometres by up to 2 kilometres – Secondary Copper Blanket.

“We believe that this aim has now been achieved in two areas about 1.5 kilometres apart,” Sipa Resources said in its ASX announcement.

“Holes THD012 and 013 to the northeast and THD014 to the southwest.
 

“Analytical results for all of holes THD012 and 013 have been received, as have results from the precollar of THD014. The core from THD014 is still being cut.”

Cross Section B-B for THD014. Source: Company announcement

Results achieved from the drilling program include:

–    THD012 precollar – 63 metres at 1.1 per cent copper from 90 metres (reported 2 September 2013);

–    THD013 core – 29m at 1.1 per cent copper from 82m, followed by 11m at 0.2 per cent copper from 120m, 8m at 0.3 per cent copper from 135m and 6m at 0.4 per cent copper from 146m.

Sipa considers this result has confirmed the THD012 precollar intersection.

–    THD014 precollar – 18m at 0.8 per cent copper from 55m, including 5m at 1.9 per cent copper from 56m, within the Enigma Secondary Copper Blanket (core is still being cut).

“Whilst no metre samples of cut core are likely to return percent levels of copper in THD014, the alteration and widespread primary copper sulphide mineralisation between 278 metres and end of hole – some 288 metres – is the best indication to date, in fresh unweathered rock, of the very large ‘primary copper mineralised system’ that we are searching for,” Sipa said.

The company indicated its next phase of exploration at Enigma will be down hole Electromagnetic geophysical surveying (DHEM) of holes THD 012, 013 and 014.

DHEM is used to attempt to detect electrically conductive sulphide bodies, within around 100 metres of the hole being surveyed.

Sipa said such information would be critical in the planning of the next holes at Enigma.

THE DRILL SERGEANT: AusQuest Limited (ASX: AQD) has identified priority drill targets for porphyry copper-style mineralisation and iron oxide copper gold (IOCG) targets at a further three prospect areas within the company’s portfolio of copper-gold exploration projects in Peru.

These targets and are owned 100 per cent by AusQuest are in addition to others the company has already defined within the Lana and El Jaguay-Azucar prospects, which it reported in its June 2013 Quarterly report.

“We are very encouraged with what we are seeing over our extensive land package in Peru,” AusQuest Limited managing director Graeme Drew said in the company’s announcement to the Australian Securities Exchange.

“In particular the drill targets at the Cardonal, Puite and Cerro de Fierro prospects are very large and sit in one of the world’s best locations for copper exploration.

“AusQuest looks forward to commencing drilling operations in the near future, across what it considers to be a number of highly prospective, and potentially company making projects.”

The Cardonal, Puite and Cerro de Fierro prospects are subject to a Joint Venture Agreement with Cliffs Natural Resources Exploration (CNRE), a wholly-owned subsidiary of New York-listed company, Cliffs Natural Resources.

Under the joint venture, should CNRE elect to proceed with further evaluation of one or more of these prospects, it is required to sole-fund further evaluation (drilling) of the selected prospect(s) up to US$4 million to secure a 70 per cent interest in each prospect.

If CNRE elects not to proceed with further evaluation of a prospect, ownership of the prospect will revert 100 per cent to AusQuest.

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) is readying to recommence its exploration of the company’s Top Up Rise project (TUR), located in the Gibson Desert region of Western Australia.

Drilling at TUR is set to kick off again as soon as possible with a drill rig still on site from the company’s initial program with drilling crews plus additional equipment now being organised and mobilised to the TUR site.

Drill targets are being reviewed, incorporating information acquired during the earlier drilling.

“The results from the first round of drilling added enormously to the prospectivity of Corazon’s TUR project.” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

“To date, we have drilled in only four areas, within what is a very large geophysical anomaly, and have intersected sulphide mineralisation in each hole.

“We are looking forward to the next phase of full-funded exploration, which should commence next week with geophysics and drilling.”

Corazon said the results from the first phase of drilling suggest the large TUR gravity anomaly has a coincidental geochemical anomaly, including a robust base and precious metal association.

Extensive low tenor sulphide mineralisation, including copper sulphide, has been intersected in all holes drilled to date over a large area.