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Cassini Resources announces new drilling results at Succoth Potential

Mining News - Published on Fri, 22 Feb 2019

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Cassini Resources Limited announced results from recent drilling at the Succoth Deposit within the West Musgrave Project in Western Australia. The program is funded as part of the Earn-in/JV Agreement with OZ Minerals Limited. The JV Partners are currently undertaking a Prefeasibility Study on the Nebo-Babel Deposits as well as a regional exploration program. The Succoth Deposit is a large, Inferred copper resource of 156mt @ 0.60% Cu, located only 13km northeast of Nebo that could have significant benefits to the Project by providing additional mineralisation to a future mining operation at Nebo-Babel. The results have confirmed thick zones of copper mineralisation that support a favourable, folded mineralisation geometry, with significant implications for future resource updates and mining evaluation. Drilling has also provided further evidence of a proximal source of nickel sulphide mineralisation.

Cassini Managing Director Mr Richard Bevan commented, “The importance of these results goes well beyond the assays themselves. They support a favourable geological interpretation that has significant potential benefit for the scale of the resource at Succoth, its amenability to open pit mining and our goal of building a multi-decade mining operation in the West Musgrave. The perseverance of our geological team is successfully unlocking the potential of Succoth and we look forward to further drilling success in 2019".

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Posted By : Rabi Wangkhem on Fri, 22 Feb 2019
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