Proactive Investors - Run By Investors For Investors

Cassini Resources drills multiple high-grade copper intersections at One Tree Hill

Results are the best to date at the One Tree Hill prospect, mineralisation is open in all directions.
Diamond drilling operations at One Tree Hill
Exploration is funded as part of the JV agreement with OZ Minerals Limited (ASX:OZL)

Cassini Resources Ltd (ASX:CZI) has received assay results from diamond drill hole CZD0099 at the One Tree Hill Prospect within the West Musgrave Project in Western Australia.

The 795-metre diamond hole hit multiple zones of mineralisation including 9 metres at 2.56% copper, 0.37% nickel, 0.06% cobalt and 1.32 g/t PGE within a broader zone of 40 metres at 1.16% copper from 343 metres.

Another zones measured 6.2 metres at 3.61% copper, 0.11% nickel, 0.03% cobalt and 0.51 g/t PGE from 435.8 metres within 22 metres at 1.80% copper from 435 metres.

READ: Cassini Resources secures 80% of Yarawindah Brook project in WA

Cassini’s managing director Richard Bevan said: “CZD0099 has exceeded our expectations.

“We’ve intersected several mineralised zones that were effectively blind to previous geophysical modelling, and this presents real opportunities for further exploration success.

“It’s also worth recognising that whilst this is only our 6th hole at the One Tree Hill Prospect, it is showing all the hallmarks of a major mineralised system with the potential to add future mine life and value to the West Musgrave Project.

“The exploration results continue to confirm the excellent prospectivity and potential of the project.”

A deposit at One Tree Hill could boost Nebo-Babel economics

Alongside regional exploration, the JV partners are undertaking a pre-feasibility study (PFS) on the Nebo-Babel deposits within the West Musgrave Project.

Any resource able to be delineated at One Tree Hill has the potential to support project economics for the development of the Nebo and Babel nickel-copper sulphide deposits.

Proactive caught up with the company in May 2019 for an update.

View full CZI profile View Profile

Cassini Resources Ltd Timeline

Related Articles

Mining operations
January 22 2019
Pantoro ended the December 2018 quarter with $20.8 million in cash and gold. The company remains debt free.
electicity wires
March 25 2019
'We have four key projects which we are developing in parallel'
Chris Giles signs the Kalkaroo Native Title Mining Agreement
January 14 2019
Kalkaroo is Australia’s largest undeveloped open pit copper-gold deposit on a copper-equivalent basis.
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use