Gold explorer Caeneus Minerals has completed its maiden drilling program at the Roberts Hill project in the Pilbara.

The company’s Roberts Hill exploration licences in the Mallina Basin cover around 170 sq km of land considered highly prospective for gold anomalism – with discoveries in the area including De Grey’s (ASX:DEG) Hemi.

A total of 197 holes were completed for 15,999m over six prospective areas, with many holes successfully penetrating the overburden and terminating in sedimentary and intrusive bedrock.

A total of 84 of the holes terminated in sulphide accumulation, which will allow future geochemical evaluations to be conducted as a vectoring tool to potential mineralised sources.

Caeneus Minerals (ASX:CAD) expects to receive the first batch of results towards the end of the month.


Four target zones show promise

Drilling at Zone B,C and D focused on a compelling potential NNW trending structural corridor over 5km wide (Zones B and C) and a N-S trending potentially intrusive feature (Zone D) to the west.

The company highlighted a promising 28m intersection of abundant coarse sized mixed sulphides from hole RHAC-0104 at Zone C.

And drilling at Zone E showed a magnetically discrete, arcuate intrusive feature approximately 7km in length and variable thicknesses.

This zone surprisingly contained sporadic outcrop considering the western portion of the Roberts Hill tenement is generally overlain by 20m-plus thicknesses of overburden.

Petrological investigations at Zones B,C,D and E are ongoing.

Exploration Zones at Roberts Hill.


Diamond drilling to follow

The company is currently completing work in anticipation for deeper drilling where anomalies have been identified.

After incorporating analytical results into its models for the above zones, Caeneus believes diamond drilling will be required to follow-up the progress made to date.


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This article was developed in collaboration with Caeneus Minerals, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.