Cassini Resources Limited (ASX: CZI) – $0.068
14 Jun 2017
Cassini Resources Limited (ASX: CZI) has received final results from the Nebo drilling program within the West Musgrave Base Metals Project located in Western Australia (Figure 1).
Figure 1. Location of the West Musgrave Project in Western Australia
The drilling was part of an 11 hole infill and extension program at Nebo and Babel. Highlights from drilling at Sugar Lode include 7.0 metres at 1.0% Ni, 1.45% Cu, 0.02% Co and 0.93g/t PGE including 3.0 metres at 1.87% Cu, 0.03% Co and 1.76g/t PGE.
The West Musgrave Project is a Joint Venture Agreement with OZ Minerals Limited (ASX: OZL) that requires the company to fund a minimum of $36 million in development and exploration expenditure including the completion of a Definitive Feasibility Study for a 70% interest in the Project.
Remodelling of the Nebo Resource will now begin by an independent consultancy group.
For further information, visit cassiniresources.com.au
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