Caspin Resources Encounters Copper at Surface at Mount Squires Project
THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported on recent activity at the West Musgrave nickel-copper extension at the company’s Mount Squires project in the West Musgrave region of Western Australia.
Caspin Resources declared the discovery of surface copper mineralisation along an 8km copper geochemical anomaly in November – now known as the Sienna prospect – where it has now completed extensive exploration programs of drilling, soil and rock chip sampling as well as airborne geophysics.
Assays carried out on these samples have returned high-grade copper values up to 10.6 per cent from a small malachite-rich outcrop within a broader area of mafic outcrop covering an area of approximately 2.5 square kilometres.
All up, a total of four samples were collected from this outcrop, averaging 7.1 per cent copper, including elevated levels of gold (up to 0.1g/t) and silver (up to 6.9g/t).
“It is fantastic to have confirmation of high-grade copper mineralisation at the newly proclaimed Sienna prospect,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.
“But just as important is to see the association of other metals such as platinum and palladium that are commonly associated with magmatic sulphide deposits in the West Musgrave region.
“More important still, is that we’re also seeing anomalous copper and PGE mineralisation in rock chips on several locations along the strike of a large eight kilometres-long copper and palladium anomaly.
“This gives us confidence that we’ve identified a new mineralised intrusion, or suite of intrusions, with the potential for a discovery or discoveries of significant scale.”
Caspin indicated it was now awaiting results from a further 1,200 soil samples along the West Musgrave nickel-copper corridor which it suggested will assist evaluation of additional copper (and nickel) anomalies along this trend and possibly define drill targets or additional geophysical surveying for its 2023 field campaign.
Results are also still to come from aircore drilling in the One Tree Hill area near the eastern tenement boundary as well as the Duchess prospect, which recently returned encouraging grades of gold, silver, copper and molybdenum.
TO READ THE FULL ANNOUNCEMENT: CLICK HERE