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Cassini Resources Getting Better Acquainted with Yarawindah Project

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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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@cassiniresources.com.au

 

Web: www.cassiniresources.com.au

 

Cassini Resources Extends Yarawindah Mineralisation

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has completed its first diamond drilling program at the company’s 80 per cent-owned Yarawindah Brook project in Western Australia.

The project is considered by Cassini to be prospective for nickel, copper, cobalt and platinum group elements (PGE’s).

Cassini Resources conducted the drilling to target multiple electromagnetic (EM) conductors it had identified following airborne and ground EM surveys in 2018.

The latest drilling returned encouraging nickel and copper results from a total of nine diamond holes – YAD0004 through to YAD0006 at the AN02 conductor, now re-named the Avena prospect, and YAD0003, at the Brassica prospect.

Drilling at Avena predominantly intersected broad zones of shallow, disseminated nickel and copper sulphides, and locally contain high-grade, massive nickel sulphides.

Cassini declared it was encouraged by a massive sulphide intercept of:

YAD0005
0.12 metres at 5.97 per cent nickel, 0.75 per cent copper, 0.39 per cent cobalt and 2.66 grams per tonne PGE from 84.3m.

“Nickel tenor of this intercept is representative of the historical massive sulphide intersections at Yarawindah, which are the Company’s primary targets,” Cassini Resources said in its ASX announcement.

“Although thin, this interval is interpreted to represent a structurally remobilised massive sulphide from a proximal source.

The company was also heartened by an encounter from:

YAD0006
5.05m at 0.69 per cent nickel, 1.17 per cent copper and 0.06 per cent cobalt from 57.95m.

“These intercepts range from 50m to 72m vertically below surface, well within open-pit mining depths,” Cassini observed.

At the Brassica prospect, YAD0003 intersected a 70m zone of metagabbro, similar to previous drilling results, with thick zones of disseminated and locally semi-massive zones of barren iron sulphides (pyrrhotite) and trace copper sulphides (chalcopyrite) reflecting low tenor nickel and copper sulphide mineralisation.

“The results to date at the Avena and Brassica prospects support the company’s exploration model that the Yarawindah project has potential to host multiple nickel-copper magmatic sulphide deposits,” the company said.

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au

 

Cassini Resources Advances Mount Squires Gold Project

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) announced final results of recent RC drilling and future work plans at the company’s 100 per cent-owned Mount Squires project in the West Musgrave Province of Western Australia.

Cassini Resources acknowledged the project is at an early stage, but said it is proving to be highly prospective for gold and base metals.

The project is located adjacent to the western border of the company’s West Musgrave JV project with OZ Minerals (ASX: OZL).

All assay results from the RC drilling program at the Handpump prospect, comprising 10 holes for 1,134m, have now been received.

The best results came from holes previously released including:

MSC0003
20 metres at 1.27 grams per tonne gold, including 7m at 2.54g/t gold from 23m;

MSC0004
27m at 1g/t gold from 31m, including 3m at 2.59g/t gold from 38m; and

MSC0005
19m at 0.68g/t gold, including 6m at 1.26g/t gold from 38m.

Cassini explained the remaining four holes (MSC0007-0010) returned lower grade results, but identified additional mineralised breccia halos (>0.1g/t gold), which the company has interpreted to suggest mineralisation remains open.

A recently completed high-resolution aeromagnetic survey has assisted in the company’s geological interpretation of Handpump as well as the surrounding region.

Cassini has refined the target areas along the prospective trend.

Only three RC holes have been drilled outside the immediate Handpump prospect area to test for additional mineralised bodies and therefore the prospective trend is largely unexplored.

Cassini has permitting to clear these targets with a reconnaissance-style drill program underway.

“We’re delighted with the results from our maiden drill program at Mount Squires,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“The program, in tandem with our new aeromagnetic data, has demonstrated economic gold prospectivity, improved our geological understanding and generated new targets for future work programs.

“More broadly, it’s highlighted the potential strategic value of a new greenfield, belt-scale project in a new gold frontier.

“Mt Squires is the most advanced gold project in the Musgrave Province, with the nearest gold mine, Gruyere, being over 400 kilometres away, itself a fairly recent ‘new frontier’ discovery.

“New frontiers are where some of the most recent and significant gold discoveries have been made in Australia.

“We see Mount Squires as a natural fit with activities at our West Musgrave project.

“Strategically, we believe gold is a good complement to our base metal assets.

“Our extensive geological knowledge, operational capability and established community relationships provide us with a significant competitive advantage in the region.

Cassini indicated it intends to continue activities at the Mount Squires project until around the end of November, after which it will turn its attention to the Yarawindah Brook nickel-copper project, where a number of new EM conductors are ready to be drilled.

The company also anticipates the delivery of the Nebo-Babel Pre-Feasibility Study in early 2020.

“Whilst the West Musgrave project continues to be our primary focus and long-term value-driver, our exploration strategy at Mount Squires and Yarawindah Brook is geared to provide opportunities for additional new discoveries in the near term,” Bevan continued.

“Our goal is to add value and be exposed to these opportunities through relatively inexpensive exploration programs, that do not compromise our funding capacity during the ongoing study phase of the West Musgrave project.

“With prices near all-time highs, it’s also a great time to exploring for gold.”

 

Email: admin@cassiniresources.com.au

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Cassini Resources Encounters Early Excitement at Mt Squires

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) released the first results from RC drilling underway at the company’s 100 per cent-owned Mount Squires project in the Musgrave Province of Western Australia.

Cassini Resources describes the project as being an early stage exploration project thatit considers to be highly prospective for gold and is located adjacent to the western border of the company’s West Musgrave JV Project with OZ Minerals (ASX: OZL).

The drilling was undertaken at the Handpump prospect and comprised 10 holes for 1,134 metres of RC.

The program was designed to confirm mineralisation controls and extensions to previous drill intercepts and represents the first drilling at the Handpump prospect since 2011, prior to Cassini’s ownership.

Cassini said the results have confirmed the potential for economic mineralisation at surface and extending to shallow depths providing an exciting start to its Mount Squires field program.

Results from the first three holes include a healthy result of:

MSC0003
20 metres at 1.27 grams per tonne gold, including 7m at 2.54g/t gold from 23m.

The intersection included a peak result of 1m at 4.98g/t gold from 26m, highlight potential for high grade mineralisation.

This intercept represents a new lode position that had not been intersected by previous drilling.

“We’re really encouraged by these early results which confirm the presence of significant gold mineralisation at the Handpump prospect and reinforce the prospectivity of our Mount Squires gold project,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“This is a new frontier for gold exploration in Australia with unrealised potential.

“Cassini is well positioned to exploit this opportunity through our understanding of the geology of the region and established operational capability.

“We look forward to receiving the results from the rest of the program.”

 

Email: admin@cassiniresources.com.au

Web: www.cassiniresources.com.au