THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported the completion of a diamond drill program at the company’s Yarawindah Brook nickel-copper-PGE project in Western Australia.
Caspin Resources drilled the two final holes of the program at Yarabrook Hill, both of which encountered meaningful widths of sulphides.
The first hole, YAD0017, intersected several zones of disseminated sulphide, consistent with that observed in a previous hole the company had drilled nearby, DNN05.
The second hole, YAD0018, also encountered similar styles of sulphide mineralisation, hosted by mafic to ultramafic rocks.
“The two holes at Yarabrook Hill have delivered exactly what we wanted to see, that is, mafic and ultramafic rocks with broad zones of copper and nickel sulphide mineralisation which we believe is a good visual proxy for potential PGE mineralisation,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.
“The holes are 1.25 kilometres apart, so the scale of the opportunity is significant.
“Now we wait with anticipation for the assay results.
“In the meantime, we are already planning the next work program. We are extremely grateful to have received a co-funded drilling grant through the WA Government Exploration Incentive Scheme.
“This is going to allow us to drill the deepest hole at Yarabrook Hill to date which will give us a huge amount of new geological information as well as another opportunity for discovery.
“While we wait for assay results, we will also commence work on our Mount Squires project which is highly prospective for gold, copper and nickel.”
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