Caspin Resources Ltd (ASX:CPN) has demonstrated the potential of the Brassica Shear Zone (BSZ) of the Yarawindah Brook Nickel-Copper-Platinum Group Element (PGE) project, unearthing thick sulphide zones with visible nickel-copper mineralization during diamond drilling.
This drilling program targeted the XC-46 Airborne Electromagnetic Conductor (AEM), which lies along the BSZ – a 17 kilometer long prospective geology trend interpreted as a connecting structure between the Julimar and Yarawindah zones.
The main core of XC-46 has not yet been properly drill tested and the mineralization remains open in all directions at the conductor level.
“Brassica tends a fertile environment”
“Airborne electromagnetism has once again proven to be an excellent first-pass tool for identifying sulphide-rich mineralization systems at Yarawindah Brook,” said Greg Miles, CEO of Caspin Resources.
“This bodes well for future exploration and drill testing of other conductors already identified in the project.
“But it should be noted that the style of PGE-rich mineralization observed at Yarawindah Brook occasionally occurs with only minor amounts of disseminated sulphide mineralization which may not be sufficient to generate an electromagnetic response.
“Therefore, the company is following a strategy of systematically collecting multiple datasets and building detailed geological models that it believes will ultimately lead to a discovery.
“While the company’s primary focus remains the Yarabrook Hill area, drilling at XC-46 has shown that the Brassica Prospect and indeed the entire Brassica Trend is a fertile environment for magmatic nickel-mineralization. copper and PGE.
“Most of this trend has yet to be explored in modern form and represents a great opportunity for discovery.
“There appear to be obvious targets for the next phase of exploration at XC-46, but we are equally excited about the early-stage exploration that is yet to come across the entire Brassica Trend.”
Caspin will follow XC-46 with further drilling targeting the center and dip extensions of the conductor plate, but halted drilling at Yarawindah while the company awaits assays from the XC-22 conductor.
The Company intends to explore the entire Brassica corridor for mineralization, with access to approximately 8 kilometers of prospective direction.
It will conduct further mapping and soil sampling to support targets generated by geophysical surveys, and continue to advance land access agreements along the trend to enable exploration activities on the ground.