Caspin Resources Encounters Broad Zones of Gold-Silver and Copper-Molybdenum
THE DRILL SERGEANT: Caspin Resources (ASX: CPN) released drill results from the first phase of reconnaissance aircore drilling at the Duchess prospect within the company’s wholly owned Mount Squires project in the West Musgrave region of Western Australia.
Caspin Resources recently completed the first part of a wide spaced reconnaissance aircore program over the Duchess prospect comprising 81 holes that identified two, distinctly different mineralisation trends; a gold-silver trend and a copper-molybdenum trend, now known as Duchess West and Duchess East, respectively.
At Duchess West drilling identified broad zones of silver with minor associated gold mineralisation.
This included a best result of:
MSAC0028
44 metres at 1.45 grams per tonne silver, including 12m at 3.4g/t silver from 28m to the end of hole.
This hole also returned an anomalous 0.2g/t gold in the last metre of the hole.
Drilling at Duchess East identified copper and molybdenum mineralisation in multiple holes over a strike length of at least 1,000m.
Best results include:
MSAC0023
21m at 63ppm molybdenum, including 4m at 233ppm molybdenum starting from surface to the end of hole; and
MSAC0054
20m at 1,013ppm (0.1%) copper from 20m to the end of hole.
“These are excellent results from a first-pass reconnaissance aircore program, designed to test the veracity of a large, polymetallic soil geochemical anomaly,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.
“The program has delivered exactly the results we were hoping for, confirming multi-commodity mineralisation over a very broad area.
“This is a style of mineralisation not previously seen in the region which is exciting in a frontier province like the West Musgrave.
“The results are perfectly timed with the commencement of a follow-up program of extensional and infill drilling before we move to the One Tree Hill prospect in the coming weeks.
“Importantly, it also demonstrates that our soil sampling programs are effective at identifying basement mineralisation, which augers well for the other soil anomalies in the project and the large number of outstanding soil results due to be returned over the coming months.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Web: www.caspin.com.au
