Caspin Resources Identifies New Conductor at Serradella
THE DRILL SERGEANT: Caspin Resources (ASX: CPN) is keeping busy releasing further news from the Serradella prospect, within the company’s Yarawindah Brook project in Western Australia.
Caspin Resources ported results from a Moving Loop Electromagnetic (MLEM) survey undertaken at the Serradella prospect, designed to search for massive sulphide accumulations within the Yarabrook Intrusion down plunge from recent drilling activities that identified PGE mineralisation.
The survey identified a large conductor to the north of the Serradella prospect the company considers likely to be hosted within ultramafic rocks of the Yarabrook Intrusion.
Caspin noted the conductor lies along strike of recently reported high-grade PGE mineralisation, such as 8.9 metres at 2.47 grams per tonne 3E and 0.22g/t nickel in YAD0029.
The conductor also lies within the eastern portion of the intrusion where recent drilling has confirmed the presence of metasediments in contact with the mineralised ultramafic sequence.
“This is an exciting development for the Serradella prospect,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.
“Recent drill results have demonstrated that near surface mineralised lodes remain open along strike to the north and this is where the MLEM conductor has been identified.
“It is therefore a very compelling target.
“There remains a lot to learn about the nature of the Yarabrook Intrusion, although one fact that is not disputed is that the mineralised system is large and much of the intrusion is yet to be adequately explored by any method.
“This result provides the company some confidence to continue using EM techniques as a method of exploration, particularly for prospective rocks with no surface expression.
“The company is still waiting for the return of assays from approximately 12 drill holes before assessing its next steps, although this conductor will be a priority target on resumption of the program.”
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