Caeneus Minerals (ASX:CAD) kicks off drilling at Pardoo nickel deposit

• Caeneus Minerals (CAD) begins a 2,000-metre RC drilling campaign at its Pardoo nickel deposit about 120 kilometres north-east of Port Hedland in Western Australia
• The company says the initial phase of the program, contracted to Mt Magnet Drilling, will target shallow nickel and platinum group metal (PGM) mineralisation identified in prior drilling
• Drilling and sampling completion is expected by end of March
• CAD shares last traded at 0.8 cents

Caeneus Minerals (CAD) has begun a 2,000-metre reverse circulation (RC) drilling campaign at its Pardoo nickel deposit about 120 kilometres north-east of Port Hedland in Western Australia’s Pilbara region.

The company said the first phase of the program, which has been contracted to Mt Magnet Drilling, was designed to test shallow nickel and platinum group metal (PGM) mineralisation encountered in prior drilling.

The drilling program will also probe for down-dip mineralisation continuity in the northern half of the occurrence, as well as a possible repetition of nickel mineralisation in the north-east.

Caeneus said drilling and sampling completion was expected by the end of March.

Last week, the company announced it had received approval from the Department of Mines, Industry Regulation and Safety (DMIRS) for its program of work to further investigate the historical Pardoo nickel-copper-cobalt deposit on E45/5827.

Shares last traded at 0.8 cents on March 11.