Caspin Resources Ltd (ASX:CPN) CEO Greg Miles tells Proactive the company has intersected further high-grade platinum group element (PGE) mineralisation in recent drilling at Serradella Prospect within the Yarawindah Brook Project in Western Australia.
The drill program returned strong results, including 18 metres at 1.56 g/t 4E (platinum+palladium+rhodium+gold), 0.33% nickel and 0.34% copper from 59 metres. During the program, Caspin also received first-pass soil geochemical results from a new target in the north of the project area, which presents another opportunity for the discovery of near-surface PGE-nickel-copper mineralisation.
It is pleasing to have received further high-grade PGE hits at the Serradella Prospect from the remaining assays of the program.
We have made significant advancements in understanding the mineralisation controls at Serradella and recognise that high-grade mineralisation remains open and potentially close to surface.
More broadly, we have commenced a review of past exploration and further interpretation of the Yarabrook Intrusion that could yield further opportunities.
We have long recognised the mineral potential throughout the project area, so we are pleased to have identified a new soil geochemical anomaly in an area that hasnt received any form of modern exploration.
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Caspin Resources Ltd
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