Company
ASX:CPN
Caspin Resources Ltd (ASX:CPN) is a mineral exploration company based in Western Australia and focused on the Yarawindah Brook Project and the Mount Squires Project. At Yarawindah Brook, north of Perth, Caspin is exploring Australia’s newest nickel-copper-PGE province, advancing exploration on multiple fronts using soil geochemistry and airborne EM in search of new sulphide deposits. At Mount Squires, Caspin has identified a 50-kilometre structural corridor with gold mineralisation.
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The company has identified a highly prospective drill target known as XC-29, consisting of three discrete zones over a strike of 1.3 kilometres and drilling will target each of these with further drilling contingent on results.
The company, which has a prime position in Australia’s newest nickel-copper-PGE district, has found “exciting new targets” defined by recent EM surveys.
The anomaly is coincident with interpreted mafic and ultramafic rocks which are typical host rocks for orthomagmatic nickel-copper-PGE mineralisation.
The newly-listed mineral exploration company has the first-mover advantage with priority geological landholding of more than 400 square kilometres at Yarawindah Brook in an emerging nickel-copper-PGE belt.
Review of legacy database highlights significant PGE (platinum group of elements) rock chip results at the new Aries Prospect.
