OTH started, all looking gr8! Cassini Resources in a sweet spot...

OTH started, all looking gr8!

Cassini Resources in a sweet spot as it focuses on nickel-copper with OZ Minerals
Tharun George
Cassini Resources Ltd (ASX:CZI) has revealed early success from extension drilling at the Babel Deposit, part of the West Musgrave Project in Western Australia.

The company intersected a broad zone of nickel and copper mineralisation as part of a joint venture drilling program funded by OZ Minerals Ltd (ASX:OZL).

West Musgrave project background
West Musgrave Project is the largest undeveloped nickel-copper project in Australia with a resource of over 1 million tonnes of contained nickel and 2 million tonnes of contained copper.

The project is a new mining camp with three existing nickel and copper sulphide deposits and a number of other significant regional exploration targets already identified.

In August 2016, Cassini entered into a three-stage $36 million earn-in/joint venture agreement with OZ Minerals.

The joint venture partners are currently undertaking a pre-feasibility Study (PFS) on the Nebo-Babel Deposits with a concurrent regional exploration program.

Potential extension to the proposed Babel open pit design
Cassini’s recent drill hole is the first hole to test a strong electromagnetic conductor representing an extension to the Babel Deposit.

The hole has intersected 25.6 metres at 0.63% nickel, 1.04% copper, 0.03% cobalt, 0.23g/t PGE (platinum group elements) and 0.11 g/t gold from 317 metres.

This mineralised zone known as the H-T Lode appears to be the faulted extension of the Startmeup Shoot and demonstrates a similar style of mineralisation, grade and geometry.

The H-T Lode represents a significant target as an extension to the proposed Babel open pit design either by cutback or through underground mining

READ: Cassini Resources confirms broad nickel sulphide mineralisation at Yappsu
Cassini's current focus is still on the PFS at the Nebo-Babel Deposit but its recent exploration activities identified additional high-grade ore.

Earlier this week, Cassini hit a second broad intersection of massive sulphide mineralisation at the Yappsu prospect within the West Musgrave project.

The Yappsu licence area is 6 kilometres northeast of the Nebo-Babel deposit and is being pursued as an opportunity that can support the development of Nebo-Babel.





Assay results from a diamond drill hole at Yappsu have confirmed nickel and copper sulphide mineralisation in three distinct units.

A massive sulphide zone with project-record grades of cobalt and PGE was the first, returning 6.45 metres at 1.67% nickel, 1.07% copper, 0.14% cobalt and 0.49 g/t PGE.

The second unit was an upper heavily disseminated zone of 15.25 metres at 0.60% nickel. 0.77% copper, 0.02% cobalt, 0.31 g/t PGE and 0.18 g/t gold.

A lower broad disseminated zone was the third mineralised unit identified, with 55.6 metres at 0.32% nickel. 0.34% copper, 0.01% cobalt, 0.23 g/t PGE and 0.06 g/t gold.

The combined weighted average of all intercepts is 77.8 metres at 0.49% nickel, 0.49% copper, 0.2% cobalt and 0.29g/t PGE, which is the most significant intercept on a contained metal basis at the prospect to date.

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Cassini executive director Richard Bevan commented that the business has had its most significant nickel sulphide intercept to date at the Yappsu Prospect.

He added "The assay results at Yappsu are actually quite material... the significance is really around the grade and tenor of the mineralisation

“The result is better than any previous results at the site and it gives the company more options with the project as it moves towards the production phase.”

A diamond drill rig is currently drilling other extension and infill targets at Nebo and Babel.

Furthermore, a second diamond rig has recently started drilling at the One Tree Hill Prospect following the company’s systematic plan for regional exploration throughout 2018.