Caspin Resources Confirm New Brassica Prospect Drill Targets

THE DRILL SERGEANT: Caspin Resources (ASX: CPN) has identified two new conductors having run a moving loop electromagnetic (MLEM) survey at the Brassica prospect within the company’s Yarawindah Brook project in Western Australia.

Caspin Resources ran the survey over an area of five square kilometres, comprising 454 stations, across a large nickel-copper-PGE mineralised mafic-ultramafic intrusive complex along the stratigraphic extension of rocks hosting Chalice Mining’s Gonneville deposit.

The company said it had been encouraged by the geological context of the new conductors adding that supporting datasets have indicated potential for the conductors to be related to a mineralised magmatic sulphide source.

“This is a significant development for the Yarawindah Brook project, as it confirms the prospectivity of the Brassica Shear Zone, which has been only lightly explored compared to the company’s efforts at the Yarabrook Hill prospect,” Caspin Resources managing director Greg Miles said in the company’s ASX announcement.

“The recognition of EM conductors within what was already a conceptually prospective geological setting is highly encouraging.

“There are now several independent datasets that indicate excellent potential for nickel-copper-PGE mineralised sulphide.”