Announcement Date: 2022-03-14
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Caspin Resources Ltd.
Project name: Yarawindah Brook
Location: Australia
Commodities: Gold,Palladium,Platinum,Copper,Nickel
Highlight: Drilling results incl. 68m @ 0.08g/t Pd, 0.22g/t Pt, 0.02g/t Au, 0.22% Ni, 0.17% Cu from 46m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Caspin Resources Limited (ASX: CPN) (“Caspin” or “the Company”) is pleased to provide results of further PGE assaying from drill hole YARC0022 at the XC-22 Prospect at the Company’s Yarawindah Brook PGE-Ni-Cu Project in Western Australia. Significant Rhodium Results Complement Platinum and Palladium Mineralisation Following the significant results in YARC0022 (see ASX announcement of 9 February 2022), the Company elected to analyse the lower PGE-rich mineralised zone for the full six PGE suite of elements, which consist of iridium (Ir), osmium (Os), rhodium (Rh) and ruthenium (Ru), as well as platinum and palladium. This analysis has returned significant grades of rhodium associated with the already recognised platinum and palladium mineralisation, with a peak value of 465ppb Rh. Grades greater than 100ppb, or 0.1g/t, are considered highly significant. The revised intercepts are as follows When adding the minor gold contribution, this can be expressed as 13m @ 1.08g/t 4E, 0.26% Ni & 0.21% Cu, including 2m @ 3.29g/t 4E, 0.23% Ni & 0.09% Cu. Caspin’s Chief Executive Officer, Mr Greg Miles, commented “This is an interesting new development for XC-22 and indeed our entire Yarawindah Brook Project.
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