Caeneus Minerals eagerly awaits assays from maiden drilling at Roberts Hill gold project

Caeneus Minerals ASX CAD maiden drilling Roberts Hill gold project Western Australia Pilbara
Caeneus Minerals anticipates initial assays from the maiden program at Roberts Hill towards the end of the month.

Caeneus Minerals (ASX: CAD) is awaiting assays after completing its maiden aircore drilling program at the Roberts Hill gold project in Western Australia’s Pilbara.

The company has completed 197-holes for 15,999m across six prospective areas at the project and has been encouraged by visual results to-date.

Of the 197 holes, 84 ended in an accumulation of sulphides.

The first batch of assays is expected towards the end of the month.

Advancing Roberts Hill

Additionally, Caeneus will use geochemical investigations as a vectoring tool to potential mineralised sources.

This modelling will be combined with assays to firm up targets for deeper diamond drilling.

In readiness for the deeper drilling, the company is currently completing a program of work.

Roberts Hill covers 170 square kilometres and is part of Caeneus’ Mallina Province projects.

Nearby Hemi discovery

The project is close to De Grey Mining’s (ASX: DEG) famed Hemi discovery in the province.

Hemi has a resource of 6.8 million ounces contained gold and makes up De Grey’s wider Mallina project that contains 9Moz in gold resources.

Caeneus is “highly encouraged” it will find a similar style gold anomalism to Hemi within its own tenements.

The same shear trends found at Hemi have also been noted at Roberts Hill.

Mallina Province projects

As well as Roberts Hill, Caeneus owns Mt Berghaus which comprises 179sq km of land in the same region.

Mt Berghaus also hosts the same shear trends as Roberts Hill and Hemi.

Prior to Caeneus’ ownership of Roberts Hill and Mt Berghaus there had been no significant soil sampling or historic drilling.

The company believes this is due to the thick alluvial sand cover across the tenements.

In advancing Mt Berghaus, Caeneus is assessing existing geophysical data. The company cannot undertake any on-ground work at the project until the exploration licence application has been granted.

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