Caeneus Pilbara targets awash with sulphide mineralisation

Caeneus Minerals’ has completed an incredible 15,999m maiden drill software at its Roberts Hill venture in the Pilbara which provided 197 holes plunged into the Malina Basin. Its efforts were rewarded with quite a few future targets determined and sulphide accumulations encountered in much more than 40 for every cent of the holes. Caeneus is now bedded down awaiting the assay results which are expected by the finish of the month.

The business explained the benefits, intersecting sulphide mineralisation in 84 of the 197 holes drilled, was hugely encouraging after it focused 6 possible locations. A 300m spaced drill software was utilized by the exploration staff which was mostly aimed at attaining a increased being familiar with of the framework of the underlying lithology.

Exploration above Zone A unearthed an anticlinal composition with a subtle south-south-east plunge determined by a small amount airborne geophysical survey.

Drilling throughout Zones B, C and D was centered on two critical options, a north-north-west trending structural corridor across Zones B and C and a 2nd probably intrusive, north-south trending feature in Zone D.

Drilling at Zone E confirmed the existence of extensive quartz veins with scores of holes returning sulphide hits.

New air main drilling at Zone F was carried on a structural attribute determined in an electromagnetic survey.

Logging and petrophysical evaluations are ongoing throughout the zones.

Caeneus is performing straight in the shadow of De Grey Mining’s close by and famed Hemi gold deposit – the discovery which propelled shares in the industry darling of 2020 to soar from $.05 to over $1.50 within the yr and push its industry cap to over $1.5 billion.

Caeneus thinks the geological buildings it has recognized across the 6 focus on zones in the Malina Basin close to 15km to the northwest of Hemi are identical to De Grey’s intrusive similar gold anomalism.

To date, the rapid region in which Caeneus has its emphasis educated has received confined exploration irrespective of the roaring results at Hemi owing very likely to thick unconsolidated sands more than the tenement place and sparingly weathered outcrop.

Caeneus says after incorporating the excellent analytical results for Zones A-E into their geological models a abide by up diamond drilling method will be carried out.

Matters are starting up to get appealing for Caeneus with the company’s relentless exploration in the Pilbara tuning up a continuous stream of sulphide hits throughout its suite of drill holes at Roberts Hill. The corporation will be eagerly awaiting assay effects as it appears to be to faucet the mineral wealthy and famously future location.

Is your ASX-shown corporation accomplishing something interesting? Get hold of: matt.birney@wanews.com.au

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