Caspin Resources Limited (ASX:CPN) Reports Maiden RC Drilling Results
Drilling Results
Caspin Resources Limited (ASX:CPN) has announced assay results from six additional holes in its maiden RC drilling campaign at the Bygoo North Prospect. The latest findings include a 100m wide zone of shallow tin mineralisation at the Stewarts Lode, featuring 100m @ 0.33% Sn from 67m, 27m @ 0.47% Sn from 101m, and 30m @ 0.48% Sn from 137m. Previous drilling on the Stewarts Lode returned 37m @ 0.63% Sn from 74m and 25m @ 0.91% Sn from 61m. Additionally, high-grade results from the Main Lode include 4m @ 2.11% Sn from 79m and 14m @ 0.52% Sn from 128m, which includes 2m @ 2.33% Sn.
Mineralisation Potential
The results highlight the potential for a very large body of shallow tin mineralisation at the Stewarts Lode, which remains open in both directions along strike and down dip. Final results of the program are expected imminently, including the remaining holes targeting high-grade mineralisation on the Main Lode. The Stewarts Lode’s extensive mineralisation suggests significant growth potential through future drilling programs.
Executive Comments
Caspin’s Managing Director, Mr Greg Miles, stated, “Results received to date from Caspin’s maiden drill program have now returned not only high-grade tin (11m @ 2.30% Sn) but also very broad widths (100m @ 0.33% Sn). The latest incredibly wide intersection at the Stewart Lode demonstrates the significant scale potential of tin mineralisation at Bygoo North and elsewhere across the project. This result suggests the Stewarts Lode is a large body of mineralisation, close to surface and open in all directions. With very limited drilling to date, there is good potential for this lode to grow significantly. The result beautifully complements our earlier, high-grade result of 11m @ 2.30% Sn in BRC004. There is excellent potential for further discoveries that will demonstrate that Bygoo is not only a high-grade tin project, but potentially a project of significant scale.”
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