Caspin Resources Drills Serradella PGE-Nickel-Copper Prospect Growth
THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported on recent drilling activity undertaken on the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.
Caspin Resources announced assay results have been received from five RC holes, plus another two RC pre-collars at the Serradella prospect, previously known as the XC-22 prospect, at the Yarawindah Brook project.
The company considers the early results it has received from Serradella demonstrate potential for a large nickel-copper-PGE deposit.
The results included 91 metres at 0.48 grams per tonne 3E (palladium+platinum+gold) returned from a 350m step-out hole, which the company described as, “the most significant zone of metal accumulation (grade-width basis) intersected to date”.
Caspin believes the results support a new geological model, indicating a large untested search space and providing a vector towards the more prospective basal position of the intrusion.
“The proclamation of Serradella signifies our belief that this part of the Yarabrook Intrusion is a distinctly different, and more prospective, geological setting to Central Yarabrook Hill, which had been the main focus of our exploration up until recently,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.
“Our drilling has taken broad steps across Serradella, which is technically more challenging but can reward with more rapid advances to discovery.
“A vector to the more prospective parts of the intrusion is what we’ve been looking for, and just these few results appear to provide that critical piece of information.”
The results for a further thirteen holes at Serradella remain pending as do assays for six holes from the nearby Northwest soil anomaly.
Meanwhile, drilling and soil sampling is progressing at the company’s Mount Squires project and will continue through till mid-July.
“There are still many results still to come, particularly in the areas we think are more prospective,” Miles continued.
“But we think just these few results are already providing us with the focus for the next round of drilling.”
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Email: admin@caspin.com.au
Web: www.caspin.com.au
