Cassini Resources Limited announced the first results of RC drilling at Cassini's 100%-owned Mount Squires Project in the Musgrave Province of Western Australia. The project is an early stage exploration project, highly prospective for gold, located adjacent to the western border of the Company's West Musgrave JV Project with OZ Minerals Ltd. This drilling program at the Handpump Prospect comprised 10 holes for 1,134m of RC. The program was designed to confirm mineralisation controls and extensions to previous drill intercepts which include a best result of 15m @ 2.30g/t Au from 31m. Cassini's drilling program represents the first drilling at the Handpump Prospect since 2011, prior to Cassini's ownership. Results from the first three holes have been received and include a significant result of 20m @ 1.27g/t Au, including 7m @ 2.54g/t Au from 23m in MSC0003. The intersection included a peak result of 1m @4.98g/t Au from 26m, demonstrating the potential for high grade mineralisation. This intercept represents a new lode position, not intersected in previous drilling. Much of the historical drilling is oriented to the south, parallel to lodes, therefore not testing the mineralised positions effectively. Mineralisation is hosted within a hydrothermal breccia at the stratiform contact of a rhyolite and overlying (predominantly barren) volcaniclastic unit. Mineralised lodes, defined by a 0.1g/t Au halo, strike E-W to ESE-WNW and are near vertical to steeply south dipping. Mineralisation is potentially controlled by the intersection of NW-SE and SW-NE trending structures. Interpretation of geology and assay results is continuing. The hydrothermal breccia and mineralised veins are also largely obscured by the overlying volcaniclastic, however it is exposed at surface in some localities which has been confirmed by concurrent surface rock chip sampling by Cassini with maximum values of up to 0.59g/t Au. Historical rock chip sampling has also recorded values up to 1.73g/t Au at the prospect. Combining the historical drill results and surface rock chips samples indicates a potential mineralised strike of at least 600m which remains open down plunge. Results for the remaining 7 holes are due over the next couple of weeks. The airborne magnetic survey has been completed and the data is now being processed. The potential for blind mineralisation has also been recognised, not only due to regolith masking the surface geochemistry, but also from the likely strong stratigraphic control on breccia formation. The new aeromagnetic data and interpretation provides an opportunity to target potentially blind mineralized positions. Also on a regional scale, the geochemistry database is being investigated to determine effectiveness and anomalism in conjunction with the new magnetic data, providing further targeting opportunities. The company expects its understanding of the project potential to develop rapidly with the availability of these new datasets.