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Cassini Resources confirms further gold hits from Mount Squires drilling

Broad mineralisation with higher-grade zones now intersected in two sections with remaining drill results expected in coming weeks.

Cassini Resources Ltd - Cassini Resources confirms further gold hits at Mount Squires drilling
Results to date have provided sufficient encouragement to begin planning follow-up programs

Cassini Resources Ltd (ASX:CZI) has revealed further drilling results from its Mount Squires Project in the Musgrave Province of Western Australia.

A further three RC (reverse circulation) holes have returned economic mineralisation near surface at the Handpump Gold Prospect.

Significant intercepts include:

  • 27 metres at 1 g/t gold from 31 metres including 3 metres at 2.59 g/t gold from 38 metres (MSC0004); and
  • 19 metres at 0.68 g/t gold from 38 metres Including 6 metres at 1.26 g/t gold from 38 metres (MSC0005).

Cross-section showing the orientation of mineralised lodes and highlighting significant intersections

The Mount Squires Project is an early-stage exploration project adjacent to the western border of Cassini’s West Musgrave JV Project with OZ Minerals Ltd (ASX:OZL).

Mineralisation is hosted within a hydrothermal breccia at the stratiform contact of a rhyolite and overlying (predominantly barren) volcaniclastic unit.

Surface rock chip sampling of the hydrothermal breccia and extrapolation of recent and historical drill results indicates a potential mineralised strike of at least 600 metres which remains open down plunge.

Next steps

Results for the remaining four holes of the 10-hole program are expected over the next couple of weeks.

Regardless, results to date have provided sufficient encouragement to begin planning follow-up programs at Handpump and the remaining project area.

The recent airborne magnetic survey geochemical data evaluation will also inform the decision-making process for the next phase of exploration.

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