Cassini Resources identifies gold targets at Mount Squires Project

THE DRILL SERGEANT: Cassini Resources (ASX: CZI) has identified multiple gold targets at the company’s 100 per cent-owned Mount Squires project, which is contiguous with the West Musgrave project in Western Australia.

Cassini intimated it has been developing the Mount Squires project over the past 12 to 18 months through consolidation of tenements with a number of prospective gold targets, which includes a range of conceptual to advanced prospects.

Previous RC drilling discovered gold at the Handpump prospect which returned numerous shallow intercepts such as 15 metres at 2.3g/t gold from 31m.

Only 26 RC holes have been drilled at this prospect and mineralisation remains open in most directions.

“Whilst at an early stage of exploration, the thickness and tenor of gold mineralisation demonstrates the economic potential of the project,” Cassini Resources said in its ASX announcement.

“Recent geological interpretation has benefited from Cassini’s growing knowledge base at the adjacent West Musgrave project through identification of structures controlling mineralisation in the Mount Squires project.

“This has highlighted a structural corridor striking over 50 kilometres.

“The previous fractured ownership has prevented the structural corridor from being explored thoroughly.”

Cassini indicated it is finalising work programs involving targeted reverse circulation (RC), reconnaissance RAB drilling and soil geochemistry programs to be undertaken upon receipt of heritage and environmental approvals.

The company considers step-out and infill RC drilling is warranted at the Handpump prospect to determine the extent of mineralisation and controlling structures.

Drilling is currently on 100m to 200m spaced sections.

A second priority is drilling at the nearby Centrifical prospect which Cassini indicated to have encouraging gold, molybdenum, antimony, lead and arsenic geochemical anomalies without any effective drill testing.

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