Caspin Resources to Commence Bygoo Tin Project Drilling
THE DRILL SERGEANT: Caspin Resources (ASX: CPN) is set to commence its first drilling campaign at the company’s recently acquired, 100 per cent-owned Bygoo tin project in New South Wales.
Caspin Resources has received all requisite approvals for the drilling program at Bygoo, which it anticipates kicking off in the first week of February with approximately 1,500m of RC drilling.
The campaign will follow footsteps of previous drillers at the Bygoo North prospect that defined at least five separate lodes of tin mineralisation.
Caspin explained the most recent discoveries have been high-grade, but also steeply dipping, indicating the older generations of shallow, vertical drilling were ineffective.
The company aims to test the continuity and extensions of high-grade mineralisation at several of the mineralised lodes.
“The acquisition of the Bygoo tin project, and now the commencement of drilling, marks a new chapter in the company’s short history,” Caspin Resources managing director Greg Miles said in the company’s ASX announcement.
“This program will be focussed solely on the advanced Bygoo North prospect and the potential to define and extend high-grade tin mineralisation.
“Bygoo North has previously delivered high-grade intercepts such as 35 metres at 2.1 per cent tin at shallow depths.
“More broadly, we’ve conducted a thorough data review process and have been delighted by the new opportunities for further high-grade discoveries across the project and are already in the planning stages for regional drill programs, in addition to potential follow-up at Bygoo North.
“We are also encouraged by continued strong tin prices during a time of commodity price uncertainty.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE