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Caspin Resources Confirm New Brassica Prospect Drill Targets

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) has identified two new conductors having run a moving loop electromagnetic (MLEM) survey at the Brassica prospect within the company’s Yarawindah Brook project in Western Australia.

Caspin Resources ran the survey over an area of five square kilometres, comprising 454 stations, across a large nickel-copper-PGE mineralised mafic-ultramafic intrusive complex along the stratigraphic extension of rocks hosting Chalice Mining’s Gonneville deposit.

The company said it had been encouraged by the geological context of the new conductors adding that supporting datasets have indicated potential for the conductors to be related to a mineralised magmatic sulphide source.

“This is a significant development for the Yarawindah Brook project, as it confirms the prospectivity of the Brassica Shear Zone, which has been only lightly explored compared to the company’s efforts at the Yarabrook Hill prospect,” Caspin Resources managing director Greg Miles said in the company’s ASX announcement.

“The recognition of EM conductors within what was already a conceptually prospective geological setting is highly encouraging.

“There are now several independent datasets that indicate excellent potential for nickel-copper-PGE mineralised sulphide.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Caspin Resources Identifies New Conductor at Serradella

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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.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Caspin Resources Extends High-Grade Mineralisation at Serradella

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported results from drilling currently underway at the Serradella prospect within the company’s Yarawindah Brook project in Western Australia.

Caspin Resources said the latest drill results it has received demonstrate multiple zones of high-grade PGE-nickel-copper mineralisation extending over 1,000 metres of strike and remains open.

The company explained the drill program has included close-spaced drilling around the area of the YARC0036 discovery hole (17m at 2.33g/t 4E) as well as further broad step-outs to the northeast of YARC0036, towards an interpreted position of the basal contact, which it believes could host massive sulphide styles of mineralisation.

New results include:

YAD0029
8.9 metres at 2.47 grams per tonne 3E, 0.22 per cent nickel from 131.1m;

YARCD0047
3.83m at 2.39g/t 3E, 0.08 per cent nickel from 380.25m;

YARC0058
4m at 1.16g/t 3E, 0.16 per cent nickel from 54m and 3m at 1.29g/t 3E from 67m; and

YARC0065
5m at 1.16g/t 3E, 0.15 per cent nickel from 76m.

Caspin highlighted a characteristic of the PGE mineralisation at Serradella being the presence of rhodium in many of the higher-grade lode positions.

Rhodium results returned in new and re-sampled zones, include:

YARC0066
8m at 2.29g/t 4E (0.17g/t Rh), 0.11 per cent nickel from 114m; and

YARCD0052
3.83m at 3.34g/t 4E (0.11g/t Rh), 0.27 per cent nickel, from 95m.

“We’ve made a significant breakthrough in understanding the mineralisation style and geology of the Serradella prospect,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“Recognising continuity of mineralised lodes over significant strike length, close to surface, is an important step in evaluating the resource potential of the prospect.

“The extent of these lodes is limited only by the sparsity of drilling.

“More importantly, we are still intersecting high-grade mineralisation over 1,000 metres from the original discovery, demonstrating that the Yarabrook Intrusion isa large mineralised system with excellent potential for a world-class deposit.

“It is also pleasing that we are now consistently (and predictively) intersecting significant rhodium mineralisation at Serradella.

“This adds significant value to our basket of metals and a point of difference between Yarawindah Brook and other Australian PGE projects.”

 

TO READ THE FULL ANOUNCEMENT: CLICK HERE

 

Caspin Resources on ‘2-for1’ Deal at Mount Squires

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THE CONFERENCE CALLER: Caspin Resources (ASX: CPN) has described a “two for one deal” at its Mount Squires project, to Resources Roadhouse on the sidelines of the 2023 RIU Explorers Conference. By Ngaire McDiarmid

Caspin announced on Monday it had identified more gold targets including a 2km long gold in soil anomaly on the Handpump Fault, known as the Regal prospect, at the project in Western Australia.

CEO Greg Miles said the gold results had to be viewed in context with the company’s recently reported base metal results from Mount Squires’ West Musgrave corridor.
“What we’ve demonstrated is we’ve actually got two different mineralised trends in the project, so it’s a two for one deal,” he said.

“Our Mount Squires project, for a relatively small investment … has well and truly paid us back.

“We’ve brought that project up the prospectivity scale quite quickly.

“Yarawindah Brook will remain our key focus or our flagship, but I expect in 2023 we’ll have more of an equal focus on both projects, because both have a fantastic opportunity for a big discovery.”

 

READ MORE HERE

 

 

All Indicators Point to a Big First Day at RIU Explorers 2023

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THE CONFERENCE CALLER: The competition for delegate attention is already heating up on the eve of the RIU Explorers Conference with presenting companies releasing eye catching announcements.

 

Alto Metals (ASX: AME) reported RC drilling at the historic high-grade Oroya Mine, located within the company’s 100 per cent-owned Sandstone gold project intersected high-grade gold mineralisation beyond the boundaries of historical workings.

The wide-spaced step out drilling confirmed Alto’s current geological model as it targets extensions of the Sandstone Main reef and unmined mineralisation to the north-west beyond the north end of the pit, along with extensions down dip to the west.

READ MORE HERE

 

Medallion Metals (ASX: MM8) reported further expansion of the JORC 2012 Mineral Resource Estimate (MRE) at the company’s Ravensthorpe gold project in Western Australia.

The expanded MRE at Ravensthorpe now totals 19.5 million tonnes at 2.1 grams per tonne gold and 0.3 per cent copper for 1.3 million ounces of gold and 59,000 tonnes of contained copper metal.

There are 790,000 ounces (61%) of the gold and 36,000 tonnes of the copper (60%) metal estimated in the her confidence Indicated category, the remainder is in Inferred.

READ MORE HERE

 

Azure Minerals (ASX: AZS) intersected lithium-bearing pegmatites while drilling diamond holes in late 2022, testing nickel targets on its Andover project in WA.

Azure drilled ANDD0199 to test a nickel target near the an airborne electromagnetic (VTEM) anomaly, which at a downhole depth of 313.9 metres returned a strong lithium intersection of 1.51 per cent lithium oxide (Li2O) over 7.2m, including an internal high-grade zone of 1.87 per cent Li2O over 3.1m.

Azure interpreted this result to be further evidence of the mineral endowment of Andover as a battery metals project hosting nickel, copper, cobalt and now lithium.

READ MORE HERE

 

Encounter Resources (ASX: ENR) declared confirmation of lithium and other critical minerals bearing LCT pegmatites at the Crawford target part of the company’s Junction lithium project in the Northern Territory.

“The first on-ground activities completed have identified a trend of lithium and critical minerals bearing LCT pegmatites,” Encounter Resources managing director Will Robinson said.

“Crawford is a new critical minerals occurrence in the North Arunta and is located approx. five kilometres east of Core Lithium’s Ringing Rocks prospect which further serves to highlight the potential of the broader Junction region.”

READ MORE HERE

 

Dreadnought Resources (ASX: DRE) announced an Exploration Target for the approx. 40kms strike of the Yin Ironstone Complex within the company’s 100 per cent-owned Mangaroon project, located in the Gascoyne Region of WA.

The Exploration Target follows Dreadnought’s recent expansion of the Yin Ironstone Complex to 43kms of strike, combined with extensive geological knowledge of the REE ironstones in the region has provided the foundation for the Exploration Target.

The Exploration Target covers over 40kms of the near surface ironstones at Yin and importantly, excludes the current Yin Resource, any mineralisation at depth (underground potential) and the C1-C7 carbonatites.

READ MORE HERE

 

Black Cat Syndicate (ASX: BC8) updated the JORC 2012 Mineral Resource at Paulsens Underground, part of the company’s 100 per cent-owned Paulsens Gold Operation in WA.

Black Cat has increased the total gold Resources at the Paulsens Gold Operation by 73 per cent to 401,000 ounces at 3.3g/t gold.

Total Measured and Indicated Resources increased 65 per cent to 163,000 ounces at 8g/t gold.

“To triple the underground Resource after only two months of drilling is a sensational start to our growth and mining ambitions at Paulsens,” Black Cat Syndicate managing director Gareth Solly said.

“We see huge upside in the near mine area as well as potential repeat targets and the greater region.”

READ MORE HERE

 

De Grey Mining (ASX: DEG) has identified a new structurally controlled gold zone at the Withnell gold deposit, within the company’s Mallina gold project in the Pilbara.

De Grey reported drilling results from Withnell South it said provides opportunity to increase shallow, open pit resources.

Multiple new lodes were defined over 800m of strike and 200m vertical depth remaining open to the east and at depth.

The company believes these demonstrate the potential to increase the resource base and future production from its existing, structurally hosted, regional deposits.

READ MORE HERE

 

Caspin Resources (ASX: CPN) reported on final drilling, rock chip and soil geochemistry results from recent programs at the company’s Mount Squires project in WA.

There recent activity identified a two kilometres long gold in soil anomaly on the Handpump Fault, known as the Regal prospect, which is the largest and strongest gold geochemical anomaly Caspin has defined at the project to date.

This is surrounded by several other smaller gold anomalies.

Further gold and molybdenum results were achieved from aircore drilling at the Duchess prospect where deeper RC drill testing is to be carried out in 2023.

READ MORE HERE

 

 

Caspin Resources Encounters Copper at Surface at Mount Squires Project

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) reported on recent activity at the West Musgrave nickel-copper extension at the company’s Mount Squires project in the West Musgrave region of Western Australia.

Caspin Resources declared the discovery of surface copper mineralisation along an 8km copper geochemical anomaly in November – now known as the Sienna prospect – where it has now completed extensive exploration programs of drilling, soil and rock chip sampling as well as airborne geophysics.

Assays carried out on these samples have returned high-grade copper values up to 10.6 per cent from a small malachite-rich outcrop within a broader area of mafic outcrop covering an area of approximately 2.5 square kilometres.

All up, a total of four samples were collected from this outcrop, averaging 7.1 per cent copper, including elevated levels of gold (up to 0.1g/t) and silver (up to 6.9g/t).

“It is fantastic to have confirmation of high-grade copper mineralisation at the newly proclaimed Sienna prospect,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“But just as important is to see the association of other metals such as platinum and palladium that are commonly associated with magmatic sulphide deposits in the West Musgrave region.

“More important still, is that we’re also seeing anomalous copper and PGE mineralisation in rock chips on several locations along the strike of a large eight kilometres-long copper and palladium anomaly.

“This gives us confidence that we’ve identified a new mineralised intrusion, or suite of intrusions, with the potential for a discovery or discoveries of significant scale.”

Caspin indicated it was now awaiting results from a further 1,200 soil samples along the West Musgrave nickel-copper corridor which it suggested will assist evaluation of additional copper (and nickel) anomalies along this trend and possibly define drill targets or additional geophysical surveying for its 2023 field campaign.

Results are also still to come from aircore drilling in the One Tree Hill area near the eastern tenement boundary as well as the Duchess prospect, which recently returned encouraging grades of gold, silver, copper and molybdenum.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Caspin Resources Claims New PGE discovery at Yarawindah Brook

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) claimed discovery of a new PGE prospect at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.

Caspin Resources reported the prospect, now known as Vicia, is located at the northern margin of the Yarabrook Intrusion and adjacent to the recent Serradella discovery from which the company reported high-grade and broad widths of PGE mineralisation, along with high-grade rhodium mineralisation.

The anomaly is located at the northern margin of the Yarabrook Intrusion, northwest of the Central Yarabrook prospect, west of the Serradella discovery and structurally below the Radio Tower Thrust.

Six holes were drilled, some of which returned high values of PGEs.

Results include:

YARC0030
32 metres at 0.48 grams per tonne 3E from 58m, including 4m at 1.12g/t 3E from 81m; and

YARC0032
10m at 0.42g/t 3E from 42m, including 2m at 1.13g/t 3E from 42m.

“This is a real bonus to what was already a very successful drilling campaign,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“There are two key positive developments.

“Firstly, we previously thought the intrusion west of the Radio Tower Fault, comprising approximately 60 per cent of the Yarabrook Intrusion, was completely barren.

“This is clearly not the case and opens another future exploration front.

“Secondly, our soil geochemistry program is working extremely well to identify new bodies of mineralisation.

“This bodes well for the large number of anomalies that have already been identified and waiting further exploration.

“One of those anomalies coincides with approximately three kilometres of the Hanging Wall Shear north of Serradella, suggesting mineralisation is continuous for a considerable distance down plunge from the mineralisation already discovered at surface.

“These results are another demonstration of the scale of the opportunity at Yarawindah Brook.

“The Yarabrook Intrusion is developing into a very large mineralised intrusive complex, with over four kilometres of strike and exceptional prospects for further economic discoveries.

“We’re looking forward to the recommencement of drilling, starting at Serradella, in the coming weeks.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.caspin.com.au

 

 

Caspin Resources Encounters Broad Zones of Gold-Silver and Copper-Molybdenum

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THE DRILL SERGEANT: Caspin Resources (ASX: CPN) released drill results from the first phase of reconnaissance aircore drilling at 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 wide spaced reconnaissance aircore program over the Duchess prospect comprising 81 holes that identified two, distinctly different mineralisation trends; a gold-silver trend and a copper-molybdenum trend, now known as Duchess West and Duchess East, respectively.

At Duchess West drilling identified broad zones of silver with minor associated gold mineralisation.

This included a best result of:

MSAC0028
44 metres at 1.45 grams per tonne silver, including 12m at 3.4g/t silver from 28m to the end of hole.

This hole also returned an anomalous 0.2g/t gold in the last metre of the hole.

Drilling at Duchess East identified copper and molybdenum mineralisation in multiple holes over a strike length of at least 1,000m.

Best results include:

MSAC0023
21m at 63ppm molybdenum, including 4m at 233ppm molybdenum starting from surface to the end of hole; and

MSAC0054
20m at 1,013ppm (0.1%) copper from 20m to the end of hole.

“These are excellent results from a first-pass reconnaissance aircore program, designed to test the veracity of a large, polymetallic soil geochemical anomaly,” Caspin Resources CEO Greg Miles said in the company’s ASX announcement.

“The program has delivered exactly the results we were hoping for, confirming multi-commodity mineralisation over a very broad area.

“This is a style of mineralisation not previously seen in the region which is exciting in a frontier province like the West Musgrave.

“The results are perfectly timed with the commencement of a follow-up program of extensional and infill drilling before we move to the One Tree Hill prospect in the coming weeks.

“Importantly, it also demonstrates that our soil sampling programs are effective at identifying basement mineralisation, which augers well for the other soil anomalies in the project and the large number of outstanding soil results due to be returned over the coming months.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Web: www.caspin.com.au

 

Greg Miles Caspin Resources (ASX: CPN) August 2022

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Caspin Resources (ASX: CPN) chief executive officer Greg Miles featured at the Resources Roadhouse Steak Sandwich Showdown at Diggers & Dealers this year. He zoomed into the Roadhouse to reminisce with Wally Graham and to bring us up to speed on progress at the company’s projects across Western Australia.

Caspin Resources Hits Outcropping Gold-Silver System at Duchess Prospect

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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

 

Email: admin@caspin.com.au

 

Web: www.caspin.com.au