CASPIN RESOURCES (ASX:CPN)CPN is riding some big waves this morning after releasing assay results from five reverse circulation holes and two RC pre collars at the Serradella prospect within the Yarawindah Brook PGE-nickel-cobalt project.
The miner is next door to market darling Chalice Mining (ASX:CHN), whose world-class palladium-nickel-copper discovery at Julimar in WA unlocked a hidden secret of critical minerals perfectly timed to capitalise on the green energy transition.
CPN says these early results demonstrate the potential for a ‘significant’ nickel-copper-PGE deposit with hits up to 91m at 0.48 g/t 3E returned from a 350m step-out hole.
This is the most significant zone of metal accumulation intersected to date.Caspin’s managing director Greg Miles says a vector to the more prospective parts of the intrusion is what the PGE hopeful has been looking for, and these few results appear to provide that critical piece of information.
“There are still many results still to come, particularly in the areas we think are more prospective,” he says.“But we think just these few results are already providing us with the focus for the next round of drilling.”
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