Caspin Resources is chuffed with impressive new assay results from the Serradella Prospect at the company’s Yarawindah Brook PGE-nickel-copper project in Western Australia.
The latest results confirm a significant PGE discovery at Serradella within an emerging PGE-Ni province.
Assays from six RC drill holes include the best-ever result at Yarawindah Brook, including two noteworthy wide mineralised zones: 25m at 1.01g/t 3E (Pt+Pd+Au), 0.16 per cent nickel and 0.10 per cent copper from 55m; and 17m at 2.13g/t 3E, 0.17 per cent nickel and 0.03 per cent copper from 131m.
Caspin chief executive officer Greg Miles said the results provided 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. These results far exceed the magnitude of our original discovery hole and confirms that we’re on a pathway to discovery,” he said.
“Whilst we celebrate this significant milestone for the project, we also acknowledge how much we have still to learn about this system. Whilst our broad scale targeting model still holds, we recognise there is an additional layer of more detailed control on high-grade mineralisation that we are yet to understand.
“We will need to infill the drill hole spacing to further define this high-grade zone, yet the best mineralisation may still lie beyond the deepest of our step-out holes. It’s an exhilarating moment for the team and a fantastic time to be a Caspin shareholder.”