Caeneus Minerals’ has finished an amazing 15,999m maiden drill software at its Roberts Hill undertaking in the Pilbara which involved 197 holes plunged into the Malina Basin. Its efforts ended up rewarded with many possible targets recognized and sulphide accumulations encountered in extra than 40 for every cent of the holes. Caeneus is now bedded down awaiting the assay results which are anticipated by the conclude of the month.
The enterprise claimed the benefits, intersecting sulphide mineralisation in 84 of the 197 holes drilled, was hugely encouraging immediately after it focused six potential areas. A 300m spaced drill system was used by the exploration group which was largely aimed at getting a increased knowing of the framework of the fundamental lithology.
Exploration in excess of Zone A unearthed an anticlinal construction with a refined south-south-east plunge determined by a lower stage airborne geophysical study.
Drilling throughout Zones B, C and D was focused on two crucial capabilities, a north-north-west trending structural corridor across Zones B and C and a 2nd most likely intrusive, north-south trending aspect in Zone D.
Drilling at Zone E confirmed the existence of in depth quartz veins with scores of holes returning sulphide hits.
The latest air main drilling at Zone F was carried on a structural feature determined in an electromagnetic study.
Logging and petrophysical evaluations are ongoing throughout the zones.
Caeneus is performing instantly in the shadow of De Grey Mining’s nearby and famed Hemi gold deposit – the discovery which propelled shares in the sector darling of 2020 to soar from $.05 to above $1.50 within the 12 months and drive its market place cap to over $1.5 billion.
Caeneus thinks the geological structures it has discovered across the 6 focus on zones in the Malina Basin approximately 15km to the northwest of Hemi are similar to De Grey’s intrusive similar gold anomalism.
To day, the fast area exactly where Caeneus has its emphasis skilled has acquired limited exploration despite the roaring achievements at Hemi owing probable to thick unconsolidated sands above the tenement spot and sparingly weathered outcrop.
Caeneus says just after incorporating the outstanding analytical effects for Zones A-E into their geological designs a adhere to up diamond drilling software will be carried out.
Things are setting up to get appealing for Caeneus with the company’s relentless exploration in the Pilbara tuning up a regular stream of sulphide hits across its suite of drill holes at Roberts Hill. The organization will be eagerly awaiting assay results as it seems to tap the mineral wealthy and famously possible region.
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