Caspin Resources (ASX:CPN) - CEO, Greg Miles
CEO, Greg Miles
Source: Caspin Resources
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  • Caspin Resources (CPN) completes a 3000-metre reverse circulation (RC) drilling program at the Yarabrook Hill Prospect in Western Australia
  • So far, 11 RC holes have been drilled with Caspin intersecting multiple zones of dispersed sulphide mineralisation with assays are expected in early October
  • The company has also identified a large-scale mafic-ultramafic intrusive complex which is much larger than previously thought
  • Diamond drilling is expected to begin towards the end of October and will be part-funded by the WA Government Exploration Incentive Scheme
  • Caspin is down a slight 0.71 per cent on the market with shares trading at 69.5 cents at 11:14 am AEST

Caspin Resources (CPN) has completed a 3000-metre reverse circulation (RC) drilling program at the Yarabrook Hill Prospect.

The Yarabrook Hill Prospect is part of the Yarawindah Brook Nickel-Copper-Platinum Group Element (PGE) Project in Western Australia.

So far, 11 RC holes have been drilled before drilling was suspended due to very wet ground conditions.

Subject to improving ground conditions and rig availability, drilling is expected to resume in late October.

Caspin has intersected multiple zones of dispersed sulphide mineralisation and assays are expected to be received in early October.

The company has also identified a large-scale mafic-ultramafic intrusive complex which is much larger than previously thought.

Only a small portion of this intrusion has ever been drilled with the majority of previous work focusing on only surface mineralisation.

A large portion of the intrusion is either covered by overlying sequences and is yet to be tested.

Further RC drilling will also be undertaken over the XC-22 airborne electromagnetic (AEM) anomaly which is coincident with a magnetic high and gravity low.

Diamond drilling is expected to begin towards the end of October and will be part-funded by the WA Government Exploration Incentive Scheme.

Caspin was down a slight 0.71 per cent on the market with shares trading at 69.5 cents at 11:14 am AEST.

CPN by the numbers
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