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

Sayona Mining: Access latest PPT from Proactive's CEO Sessions
July 27 2017
Corey Nolan updated investors on lithium projects in Australia and Canada.
picture of wire
July 17 2017
The company has two core projects: T3 in Botswana and Kemco and a lead-zinc-silver project in Thailand
Royal Road Minerals' Nicaraguan ambitions starting to take shape
September 07 2017
Caza, which it has now bought, controlled land in the highly prospective but undeveloped gold belts of Nicaragua

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© 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