27 Jul Drill results confirm ‘significant PGE discovery’ for Caspin Resources in WA
ASX-listed Caspin Resources announced earlier today a set of impressive new assay results from the Serradella Prospect at its Yarawindah Brook Platinum Group Element (PGE)-nickel-copper project in Western Australia.
Assays from six RC drill holes at the Serradella Prospect have now been returned and include the Company’s best ever drill result at the project.
Drill hole YARC0036 returned two excellent, wide mineralised zones of 25 metres at 1.01 g/t 3E (platinum + palladium + gold), 0.16% nickel and 0.10% copper from 55 metres and 17 metres at 2.13 g/t 3E, 0.17% nickel and 0.03% copper from 131 metres, including 3 metres at 5.48 g/t 3E, 0.17% nickel and <0.01% copper.
“These results provide a major breakthrough for the project. We’ve always believed that Yarawindah has the potential for a large economic deposit of PGEs, nickel and copper. Now that potential is starting to be realised,” said Caspin’s CEO Greg Miles.
“These results far exceed the magnitude of our original discovery hole and confirms that we’re on a pathway to discovery.” Next, the company aims to infill the drill hole spacing to further define the new high-grade zone.
“It’s an exhilarating moment for the team and a fantastic time to be a Caspin shareholder. We can’t wait to see how the next phase of exploration unfolds,” Miles added.