Caspin Resources on ‘2-for1’ Deal at Mount Squires
THE CONFERENCE CALLER: Caspin Resources (ASX: CPN) has described a “two for one deal” at its Mount Squires project, to Resources Roadhouse on the sidelines of the 2023 RIU Explorers Conference. By Ngaire McDiarmid
Caspin announced on Monday it had identified more gold targets including a 2km long gold in soil anomaly on the Handpump Fault, known as the Regal prospect, at the project in Western Australia.
CEO Greg Miles said the gold results had to be viewed in context with the company’s recently reported base metal results from Mount Squires’ West Musgrave corridor.
“What we’ve demonstrated is we’ve actually got two different mineralised trends in the project, so it’s a two for one deal,” he said.
“Our Mount Squires project, for a relatively small investment … has well and truly paid us back.
“We’ve brought that project up the prospectivity scale quite quickly.
“Yarawindah Brook will remain our key focus or our flagship, but I expect in 2023 we’ll have more of an equal focus on both projects, because both have a fantastic opportunity for a big discovery.”
