- Caeneus Minerals (CAD) receives the final assay results from its phase one reverse circulation (RC) drilling program at the Highway deposit in WA
- Up to 1.95 per cent nickel, 0.04 per cent cobalt and 0.16 per cent copper was intersected, with the results providing an in-depth understanding to the controls of the mineralisation
- Strategic Metallurgy has been engaged to undertake flotation testwork to determine flotation response and feed characteristics as well as conduct a mineralogy assessment
- In a few weeks time, Caeneus will undertake a further 5000-metre RC drilling program to infill the Highway deposit in preparation for a JORC 2012 maiden resource
- Caeneus is down 7.69 per cent on the market with shares trading at 0.6 cents at 11:01 am AEST
Caeneus Minerals (CAD) has received the final assay results from its phase one reverse circulation (RC) drilling program at the Highway deposit in Western Australia.
This program has provided insight and in-depth understanding into the geochemical and structural controls of the mineralisation at the deposit.
In particular, nickel-cobalt-copper-palladium mineralisation appears to be constrained within a hanging wall layered schist.
New results include 94 metres at 0.43 per cent nickel including 26 metres at 0.82 per cent nickel with one metre at 1.95 per cent nickel and 115 metres at 0.04 per cent cobalt and 0.16 per cent copper from 35 metres.
Perth-based nickel flotation experts Strategic Metallurgy has been engaged to undertake a characterisation and flotation testwork program on samples of fresh sulphide cuttings.
The work will aim to conduct a mineralogy assessment, determine feed characteristics and flotation response, and investigate the option to produce separate copper and nickel flotation concentrates.
Simultaneously, Caeneus will undertake a further 5000-metre RC drilling program to infill the Highway deposit in preparation for the estimation of a JORC 2012 maiden resource.
Drilling will begin in late July or early August and is expected to be completed in September with assays to be received from November.
“The occurrence of thick mineralisation definitely warrants further exploration. We aim to fast-track the project through aggressively embarking on future drilling and kicking off metallurgical work immediately,” CEO Robert Mosig said.
“We remain confident that we can build a maiden resource.”
Caeneus was down 7.69 per cent on the market with shares trading at 0.6 cents at 11:01 am AEST.