Interview with Executive Director, Greg Miles to discuss the exploration strategy for Cassini during 2016. Questions include:
- Can you provide an update for the exploration strategy at West Musgrave.
- Can you provide a brief overview of the West Arunta Project?
- What historical work has been completed at the West Arunta Project?
- Cassini announced the potential discovery of a new zinc – lead province at the Project? What has lead you to this belief?
- What work is plan at the West Arunta Project during 2016?
Analyst Comment: Whilst Nebo Babel remains Cassini’s long term focus, given the current nickel price, we are pleased Cassini has expanded their exploration portfolio to include a zinc asset, as it has been speculated zinc could be the next boom commodity due to potential long term supply constraints.
Despite only completing limited exploration work at West Arunta to date, Cassini discovered three anomalous gossans at the project late last year, with hand specimens returning results of up to 0.6% Zn and 0.2% Pb.
This will be the first drill program in the region (16 holes) and is targeting the primary (unweathered) rock underneath the gossans to determine the potential extent and grade of the mineralisation.
Cassini has highlighted that due to significant leaching of zinc that occurs in the weathered rock, they hope the primary mineralisation to be of a high grade. We look forward to these results to be released in the coming months.
