THE DRILL SERGEANT: Caspin Resources’ (ASX: CPN) CEO Greg Miles had Diggers & Dealers delegates talking all week after downing a ‘shoey’ during his pitch at The Roadhouse Steak Sandwich Showdown on Monday.
The company received further attention on the final day of the forum after releasing results from the first batch of rock chips taken during field mapping and aircore drilling ‘bottom of hole’ activity from 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 reconnaissance aircore program over the Duchess prospect comprising 81 holes focussing on a core molybdenum anomaly it had previously identified in 2021.
The latest program also extended over seven kilometres of strike across a broader molybdenum, copper, gold and lead soil anomaly.
A highlight of these early results is a rock chip sample returning 2.46 grams per tonne gold and 49.7g/t silver from a patchy outcrop covering approximately 20 square metres, comprising a felsic volcanoclastic rock with breccia-style quartz veins at the western margin of the Duchess prospect.
“This is a great example of the opportunity for discovery at Mount Squires,” Caspin Resources chief executive officer Greg Miles said in the company’s ASX announcement.
“We’ve set foot on this brand-new target with almost no previous exploration and immediately picked up gold and silver bearing veins off the surface.
“How many places on earth can you still do that?
“And our first reconnaissance drilling program offers evidence of coherent bedrock mineralisation!
“We’re excited by what else we’ll find, not just at Duchess but across the project.
“I think this vindicates our belief in the Mount Squires project and supports the company’s strategy to pursue both the Yarawindah Brook and Mount Squires projects.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE