Sign up Australia
Proactive Investors - Run By Investors For Investors

Caeneus Minerals hunting nickel alongside US lithium portfolio

The company has identified eight priority-one drill targets at the Pardoo Nickel Project.
The element nickel shown on the periodic table
Maiden drilling at two lithium project in Nevada commenced in June

Caeneus Minerals (ASX:CAD) continues to advance dual exploration programs targeting lithium in the U.S. state of Nevada and nickel in Pilbara region of Western Australia

At the Pardoo Nickel Project in Western Australia, Caeneus remains confident that the presence of the Highway deposit indicates the nearby presence of more substantial, higher grade mineralisation.

The Highway deposit measures 44.7 million tonnes at 0.3% nickel and 0.13% copper.

The initial low-grade Highway nickel-copper deposit was revealed by airborne geophysics and it was believed that other mineralisation might be similarly located.

Eight priority-one drill targets

Following the reinterpretation of existing geophysical and drilling surveys, 16 drill targets have recently been identified, eight of which are considered priority-one targets.

It is proposed that the eight defined priority-one anomalies will be assessed by drilling in the latter half of 2017.

This drilling will be reverse circulation and down to depths ranging from 100 to 300 meters for a total of 1,300 meters.

Access tracks will be required to be bulldozed to each of the anomaly sites over a total distance of circa 10 kilometres.

Gold potential

Although the Pardoo Project is considered to be most prospective for nickel-copper it is also considered prospective for volcanogenic base metals and gold.

All intervals of bedrock intersected will therefore be assayed for a suite of base and precious metals.

U.S. lithium projects

Caeneus’ portfolio of lithium projects in the U.S. state of Nevada includes:

- Muddy Mountain (lithium clay);
- Lida Valley (lithium brine);
- Scotty’s South (lithium brine);
- Columbus Marsh (lithium brine); and
- New King (lithium clay).

Register here to be notified of future CAD Company articles
View full CAD profile View Profile

Caeneus Minerals Ltd Timeline

Related Articles

September 28 2017
Construction work at the mine and plant in Burundi is now nearing completion
September 21 2017
Cruz is cashed up and exploring across a range of properties in the US and Canada..
April 25 2017
The acquisition of the Hellyer mine looks set to be transformational for NQ Minerals

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use