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Caspin Resources (ASX:CPN) - CEO, Greg Miles
CEO, Greg Miles
Source: Caspin Resources
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  • Caspin Resources (CPN) has confirmed platinum group elements (PGE) mineralisation at its Yarawindah Brook project in Western Australia
  • The company recently completed a drilling program at the Yarabrook Hill and XC-29 Prospects
  • Drill holes YAD0017 and YAD0018 at Yarabrook Hill have returned broad zones of anomalous PGE mineralisation
  • The company will soon commence its next drilling campaign
  • Just before the market opens, Caspin last traded at $1.95 per share

Caspin Resources (CPN) has confirmed platinum group elements (PGE) mineralisation at its Yarawindah Brook project in Western Australia.

In May, the company completed a drilling program at the Yarabrook Hill and XC-29 Prospects.

Drill holes YAD0017 and YAD0018 at Yarabrook Hill have returned broad zones of anomalous PGE mineralisation with narrow intercepts of significant palladium, platinum, nickel and copper mineralisation.

These two holes have provided Caspin with the proof it needs before launching a large-scale drilling program to target higher-grade concentrations of mineralisation.

The company will soon commence its next drilling campaign, including around 5000 metres of reverse circulation.

CEO Greg Miles says it is a “fantastic opportunity” to be able to explore the area.

“We are now committing to our next phase of drilling which will focus on finding where PGE’s might be concentrated. It’s great to see some high-grade amongst the broader anomalous PGE results which gives confidence that the prospect can host economic deposits of PGE’s, nickel and copper.

“We’re also pleased to report that we’ll be commencing our next drill program in a few weeks. Our aerial gravity gradiometer survey is also now complete, and we look forward to seeing the results which we believe will further assist us with targeting.”

Just before the market opens, Caspin last traded at $1.95 per share.

CPN by the numbers
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