Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Cassini Resources has announced further drilling results at its Mount Squires Project
  • The 10-hole drilling program at the Handpump Gold Prospect was designed to confirm mineralisation controls and extensions to previous intercepts
  • Remaining drill results are expected over the next two weeks

Cassini Resources has announced further results of reverse circulation drilling at its Mount Squires Project in the Musgrave Province, Western Australia.

The 10-hole drilling program commenced at the Handpump Gold Prospect in early August and marked the first exploration program since 2011.

Cassini’s 1000-metre drilling program was designed to confirm mineralisation controls and extensions to previous drill intercepts.

Latest results are for three drill holes which have returned significant mineralisation near surface and extending to shallow depths.

Results include 27m at 1.00g/t Au from 31m, including 3m at 2.59g/t Au from 38m in MSC0004 and 19m at 0.68g/t Au including 6m at 1.26g/t Au from 38m in MSC0005.

These results compliment the first round of results of 20m at 1.27g/t Au, including 7m at 2.54g/t Au from 23m in MSC0003.

These findings support the current geologic interpretation. Mineralisation is hosted within a hydrothermal breccia at the stratiform contact of a rhyolite and overlying volcaniclastic unit.

Surface rock chip sampling of the hydrothermal breccia and extrapolation of recent and historical drill results indicates a potential mineralised strike of at least 600 metres which remains open down plunge.

Mount Squires is an early stage exploration project which is highly prospective for gold. It is located adjacent to the western border of Cassini’s West Musgrave $36 million farm-in/joint venture project with OZ Minerals

Cassini is pleased with the results so far and will soon plan follow-up programs at Handpump and the remaining project area.

Results for the remaining four holes are expected over the next two weeks.

CZI by the numbers
More From The Market Herald
The Market Herald Video

" Orange may be the new gold

One of the latest explorers to head to the ASX is Perth-based Orange Minerals with listing anticipated as soon as next week.
Pan Asia Metals (ASX:PAM) - Managing Director, Paul Lock

" Pan Asia Metals (ASX:PAM) announces latest drilling results from Reung Kiet lithium project, Thailand

Pan Asia Metals (PAM) has released lithium drill results for four holes from its Reung Kiet project in southern Thailand.
Vango Mining (ASX:VAN) - Executive Chairman, Bruce McInnes

" Vango Mining (ASX:VAN) unveils further gold intersections at Marymia

Vango Mining (VAN) has unveiled further gold intersections from an ongoing open-pit drilling campaign at its Marymia Gold Project in the mid-west region

" Pursuit Minerals (ASX:PUR) gets final assays from Phil’s Hill

Pursuit Minerals (PUR) has confirmed a silver sulphide mineralising system at its Phil’s Hill prospect in Western Australia following receipt of the final