Cazaly and its partner Woomera have wrapped up drilling testing nickel-copper targets at their Mt Venn project and are now waiting on assay results.
The JV had drilled 10 reverse circulation holes totalling 1,708m to test for high-grade extensions of previously reported disseminated and massive nickel-copper sulphide mineralisation including a potential 500m long mineralised strike between three holes.
Down-hole electromagnetic surveys were also completed in several holes and this data is currently being modelled to define targets for follow-up exploration.
Cazaly Resources (ASX:CAZ), which has a 20% stake in the project, noted that assays from the drilling are expected within six to eight weeks.
Mt Venn project
Mt Venn covers 50km of continuous strike within the underexplored Mt Venn Greenstone Belt in Western Australia’s Northeast Goldfields region, about 40km west of the Gruyere gold project.
Previous drilling had intersected nickel and copper sulphide mineralisation in two holes, designed to test EM conductors, including 11m at 0.34% nickel and 0.42% copper from a down-hole depth of 41m in MVRC064 and 5m at 0.31% nickel and 0.65% copper from 94m in MVRC065.
This article was developed in collaboration with Cazaly Resources, 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.