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.
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.