Source: Caeneus Minerals
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  • Caeneus Minerals (CAD) completes a phase-one reverse circulation (RC) drilling program at its Pardoo nickel project in Western Australia’s Pilbara region
  • In mid-March, Caeneus contracted Mt Magnet Drilling to test the shallow nickel and platinum group metal (PGM) mineralisation encountered in previous drilling
  • The phase-one drilling work also probed for down-dip mineralisation continuity in the northern part of the mineralised occurrence
  • A total of 14 RC holes were drilled and samples have been sent to a laboratory in Perth where there is currently a 12-week turnaround time for assay results
  • CAD shares up 5.56 per cent to one cent

Caeneus Minerals (CAD) has completed phase one reverse circulation (RC) drilling at its Pardoo nickel project in Western Australia’s Pilbara region.

In mid-March, Caeneus contracted Mt Magnet Drilling to test shallow nickel and platinum group metal (PGM) mineralisation encountered in historical drilling.

The phase one drilling program also probed for down-dip mineralisation continuity in the northern part of the mineralised occurrence as well as a possible repetition of nickel mineralisation to the north-east.

A total of 14 RC holes totalling 1,708 metres were drilled.

Caeneus said metasediments and altered ultramafic lithologies were intersected.

All drill core samples have been sent to a laboratory in Perth where there is currently a 12-week turnaround time for assay results.

Pending the laboratory availability, Caeneus may forward a certain number of holes for rush order to speed up the results.

CAD shares were up 5.56 per cent to one cent at 12:39 pm AEST.

CAD by the numbers
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