HIGHLIGHTS
CZD0007 delivers positive result with 59.6m @ 0.73% Cu
Includes 14m @ 1.02% Cu, 2.1m @ 1.63% Cu and 3.4m @ 1.36% Cu
Narrow high grade zone of 0.07m @ 14.1% Cu demonstrates the potential for massive sulphide accumulations
Mineralisation corresponds to modelled DHEM conductor measuring 400m x 100m
Continuous zone of mineralisation now defined over 1,000m down-plunge
Down-hole EM survey underway to test for off-hole conductors
Drilling continuing at the Esagila Prospect
Cassini Resources Limited (ASX:CZI) (“Cassini” or the “Company”) is pleased to announce results from hole CZD0007 which tested a large DHEM conductor at the Succoth Prospect within its 100% owned West Musgrave Project (“Project”) in Western Australia.
CZD0007 results provide encouragement to continue search for massive sulphides
The results from drill hole CZD0007 confirm the Company’s belief that the large DHEM conductor has been intersected. The conductor is represented by stringer sulphides within a strongly foliated taxitic rock (Figure 1). The Company is encouraged by a narrow veinlet of massive chalcopyrite (Figure 2) which returned 0.07m @ 14.1% Cu with 1.8g/t of Au + Pt + Pd. This result provides evidence that massive sulphides are present within the Succoth mineralised system.
Figure
CZI Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held