Cassini Resources (ASZ:CZI) - Managing Director, Richard Bevan
Managing Director, Richard Bevan
Sourced: Business News
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  • Cassini Resources (CZI) has announced its latest results have identified a nickel-copper-cobalt-palladium-platinum anomaly at the Brassica Prospect
  • Brassica is part of the Yarawindah Brook Project which is located 100 kilometres northeast of Perth, WA
  • These results come from surface electromagnetic surveys and a recent soil geochemistry program comprising 1041 samples
  • A new survey over the anomaly is currently underway along with diamond drilling to test several conductors
  • Cassini is down a slight 2.02 per cent and shares are trading for 9.7 cents each

Cassini Resources (CZI) has announced its latest soil geochemistry results have identified a nickel-copper-cobalt-palladium-platinum anomaly at the Brassica Prospect.

The soil anomaly extends over one kilometre along strike and has peak values of 122 parts per million (ppm) nickel, 644ppm copper, 23ppm cobalt, 61 parts per billion (ppb) palladium and 86 ppb platinum. This is 10 times greater than background metal concentrations in the area.

Importantly, the soil geochemical data over Brassica, where minor nickel-copper-platinum group element (PGE) mineralisation was intersected in drilling last year, are not anomalous in PGE.

This suggests that the untested Brassica NW anomaly may be in a significantly stronger and shallower mineralised position.

The anomaly was discovered approximately 750 metres to the northwest and along strike of the Brassica Prospect which is part of the Yarawindah Brook Project. Yarawindah is located 100 kilometres northeast of Perth in Western Australia.

These latest results come from a recently completed soil geochemistry program comprising 1041 samples and surface electromagnetic (EM) surveys over three square kilometres.

A surface EM survey over the new Brassica NW soil anomaly is underway. The survey is expected to take 10 days to complete.

Additionally, a diamond drill rig has been mobilised to test several EM conductors that have been identified by the recent fixed loop EM survey north of the Ovis and Avena prospects.

These EM conductors are supported by significant nickel-copper-PGE results from historical and recent drilling, as well as latest soil geochemistry results.

A total of four holes for approximately 800 metres will be drilled within the central
Yarawindah Project area.

Cassini is down a slight 2.02 per cent and shares are trading for 9.7 cents each at 12:38 pm AEST.

CZI by the numbers
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