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Cassini Resources Confirms Yarawindah Project to be Part of Emerging Nickel-Copper-PGE Province

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) completed its first diamond drilling campaign at the company’s Yarawindah Brook project near the township of New Norcia, northeast of Perth, Western Australia.

Cassini Resources reported that the drilling, consisting nine diamond holes, returned further nickel and copper results for the project.

The company considers the project prospective for nickel, copper, cobalt and platinum group elements (PGEs) – namely palladium and platinum.

From the drilling, Cassini has identified a third nickel-copper-PGE sulphide prospect it has named the Ovis prospect.

Three holes were completed at Ovis targeting electromagnetic conductors, all of which intersected nickel-copper sulphide mineralisation at shallow depths.

Best results include:

YAD0008
2.25 metres at 1.09 per cent nickel, 0.99 per cent copper, 0.08 per cent cobalt and 0.24 grams per tonne PGE from 84.8m; and

YAD0009
0.9m at 1.44 per cent nickel, 0.76 per cent copper, 0.11 per cent cobalt and 0.19g/t PGE from 86.5m.

“Mineralisation is hosted in metagabbro and metapyroxenite intrusive sequences, consistent with the exploration model targeting mafic-hosted, orthomagmatic massive sulphides,” Cassini Resources said in its ASX announcement.

“The mineralised portion of the host sequence is over 50 metres thick and anomalous in nickel-copper throughout, which is important as massive nickel sulphide accumulations are generally associated with large volumes of sulphide-bearing magma.

“The host sequence in YAD0008 returned an intercept of 50 metres at 0.24 per cent nickel and 0.18 per cent copper (and terminated in mineralised metagabbro) demonstrating the potential scale and prospectivity of the mineralised intrusive.

“Mineralisation remains open along strike and down plunge to the north.

“Follow-up targeting work will integrate results from the geological interpretation and modelling, soil geochemistry and down-hole and surface EM surveys data.”

 

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Cassini Resources to Commence Drilling at Yarawindah Brook

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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.”

 

Email: admin@cassiniresources.com.au

 

Web: www.cassiniresources.com.au

 

Cassini Resources Completes Yarawindah Brook Acquisition

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THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) has completed acquisition of an 80 per cent interest in the Yarawindah Brook nickel-copper-cobalt project, located near the town of New Norcia in Western Australia.

Cassini Resources completed the deal by acquiring 80 per cent of the issued share capital of Souwest Metals Pty Ltd, a private company associated with Kalgoorlie prospector and identity Scott Wilson.

Payment for the acquisition consist the payment of $300,000 and the grant of approximately 6.1 million options, each with a three-year expiry date and exercisable at 12.35 cents.

Subsequent to the deal, Cassini and the existing Souwest shareholders have executed a Joint Venture agreement, the terms of which require Cassini to sole fund all expenditure up until a Decision to Mine is made.

After the Sole Funding Period, Cassini and Souwest are to contribute proportionally to the JV, or alternatively, Souwest may elect to convert its then Shareholder Interest into a 2 per cent Net Smelter Royalty.

The Yarawindah Brook project is located 130 kilometres northeast of Perth and has undergone limited nickel, copper and cobalt exploration, despite its favourable regional setting, prospective geology and near-surface occurrences of nickel and copper mineralisation.

Historic exploration on E70/4883 has focussed primarily on a small platinum and palladium (PGE’s) resource, which Cassini considers as a ‘path-finder’ anomaly for potential massive nickel-copper-cobalt sulphides.

The company completed an airborne electromagnetic survey (AEM) over the project in early 2018 identifying numerous conductors it considers worthy of further investigation.

A surface fixed loop electromagnetic (FLEM) survey has also been completed over several of the higher priority AEM anomalies in order to confirm and better constrain the conductors prior to drilling.

In a nod to the prospectivity of the region, Cassini has added additional tenements E70/5116 and E70/5166 to the project, taking its total land position to 146 square kilometres.

The company is currently progressing access agreements with local landholders and environmental approvals in preparation for drill testing.

 

Email: admin@cassiniresources.com.au

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Cassini Resources Exercises Yarawindah Option

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THE BOURSE WHISPERER: Cassini Resources (ASX: CZI) exercised its option to acquire 80 per cent of the Yarawindah Brook nickel-copper-cobalt-PGE project in Western Australia.

The acquisition comes through acquiring 80 per cent of the issued capital of Souwest Metals Pty Ltd, a private company associated with Kalgoorlie prospector Scott Wilson.

“The Yarawindah Brook project offers Cassini a well-priced entry into an exciting, early-stage exploration project that allows us to leverage our expertise in nickel-copper sulphide systems, and provides Cassini with further exposure to the evolving battery metals thematic,” Cassini Resources managing director Richard Bevan said in the company’s announcement to the Australian Securities Exchange.

“Cassini’s technical team have generated a number of priority targets that we look forward to drilling as soon as the access agreements have been finalised.”

The Yarawindah Brook project is located northeast of Perth, on agricultural land near the township of New Norcia.

It has had limited nickel, copper and cobalt exploration, despite a favourable regional setting, prospective geology and near-surface occurrences of nickel and copper mineralisation.

Historic exploration focussed primarily on a small platinum and palladium (PGE’s) resource which Cassini views as a pathfinder anomaly for potential massive nickel – copper – cobalt sulphides.

The company completed an airborne electromagnetic survey (AEM) over the project in early 2018 identifying conductors it determined worthy of further investigation.

A surface fixed loop electromagnetic (FLEM) survey has also been completed over some of the higher-priority AEM anomalies in order to confirm and better constrain the conductors prior to drilling.

Cassini said the FLEM reinforced the XC05 and XC06 anomalies as priority targets along with down-plunge testing of YWRC083.

The company has been encouraged enough by exploration results to date to add further tenements along strike, taking the total land position to146 square kilometres.

Cassini is currently seeking an access agreement with local landholders and environmental approvals in preparation for drill testing.

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au

 

Cassini Resources Eyes New Targets at Yarawindah Brook

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THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has identified new anomalies via results and interpretation of an Airborne Electromagnetic (AEM) survey carried out at the company’s Yarawindah Brook project in Western Australia.

Cassini Resources completed the AEM survey on the early stage nickel-copper-cobalt sulphide Yarawindah Brook exploration project in February.

According to Cassini, the survey identified several new conductive anomalies on the project, the strongest being a pair of anomalies, known as XC05 and XC06, in the western portion of the project.

These anomalies measure approximately 800 metres and 400 metres in strike respectively and are aligned along a strong regional structural trend, closely associated with a mafic/ultramafic intrusion.

The company collected nickel anomalous rockchip samples from outcrops immediately to the east of the conductors, however the anomalies themselves have no surface expression.

A third new anomaly, XC14, has an extent of 100m, and also appears to be associated with a strong NWSE trending structural feature in the centre of the project area.

Similarly, this anomaly has no surface expression.

“The company is highly encouraged by these early results, which supports the belief that the project has excellent potential to host significant bodies of magmatic nickel-copper-cobalt sulphides,” Cassini Resources said in its ASX announcement.

“The exploration team has begun planning for follow-up surface moving loop EM surveys over XC05, 06 and 14 to assist drill targeting.

“Drill testing is likely to occur at several targets including down-plunge testing of YWRC0083, as soon as practical, following the company’s current activities at West Arunta and Mount Squires.

“An RC drill program is due to commence at the West Arunta zinc project in June, pending heritage and environmental clearances.”

 

Email: admin@cassiniresources.com.au

Website: www.cassiniresources.com.au