Caspin Resources Intersects Sulphides at Yarawindah Brook Project

THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported back from the maiden drill program at the company’s Yarawindah Brook nickel-copper-PGE project in Western Australia.

The three-hole drill program was undertaken on the XC-29 prospect.

The company said it was encouraged by the second hole, YAD0015, which encountered a broad zone of sulphides over 26 metres including an upper zone of stringer to semi-massive sulphides over six metres.

A lower zone of similar sulphide abundances was also intersected over approximately 2m.

Caspin said both sulphide zones correspond with modelled positions of electromagnetic conductors.

The first hole, YAD0014, intersected a 10m zone of stringer to matrix textured sulphide, pyrrhotite dominant with rare chalcopyrite.

The final hole in the current campaign at XC-29, YAD0016, intersected a narrow zone of semi-massive sulphide dominated by pyrrhotite, within a broad 17m zone of stringer sulphide.

“This is a great start to our drilling program,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“Whilst still early days at XC-29, hitting broad zones of potentially mineralised sulphide in our first drilling program is very encouraging.

“The results so far suggest that not only is XC-29 prospective, but so too is the entire Brassica trend.

“Now we look forward to drilling a new PGE target at Yarabrook Hill which presents another excellent opportunity for discovery.”