Caspin Resources (CPN) is getting ready to begin its maiden drilling campaign at the Yarawindah Brook Project in WA
The company plans to drill as a priority the XC-29 EM anomaly within the nickel, copper and platinum group element (PGE) project
It’ll also test a recently recognised PGE target at the Yarabrook Hill Prospect, drilling beneath two kilometres strike of surface PGE mineralisation
The 1000-metre diamond drill program is due to get underway in mid-April, with all the necessary approvals already in place
Caspin shares are trading up 3.33 per cent at 62 cents per share
Caspin Resources (CPN) is getting ready to begin its maiden drilling campaign at the Yarawindah Brook Project in Western Australia.
The mining company plans to carry out 1000 metres of diamond drilling, focussing as a priority on the XC-29 EM anomaly.
The entire project is considered prospective for nickel, copper and platinum group elements (PGE) while the XC-29 anomaly consists of three discrete zones over a strike of 1.3 kilometres.
The anomaly is coincident with interpreted mafic and ultramafic rocks which are typical host rocks for orthomagmatic nickel, copper and PGE mineralisation.
The anomaly has been modelled as four conductive plates and the upcoming drilling program will target each of these.
Along with drilling XC-29, Caspin will also test a recently recognised PGE target at the Yarabrook Hill Prospect.
Specifically, the company is planning to drill beneath 2 kilometres strike of surface PGE mineralisation at Yarabrook.
All of the drilling as part of this maiden program is due to get underway in mid-April, with approvals in place for both of the targets.
Following the drilling update, Caspin shares are trading up 3.33 per cent at 62 cents per share.
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