Caspin Resources (ASX:CPN) announced financial results for the quarter ended 30 September 2022.
Outstanding drill results confirm Serradella as a significant new PGE discovery with largescale potential.
Two clearly defined mineralised zones at Serradella drilled over 1,000m of strike and open.
Exceptional rhodium results with a peak result of 0.69g/t Rh in YARC0036, enhancing the value of the new Serradella PGE discovery (further Rh assays pending).
Further infill and step-out drilling scheduled to commence in November 2022.
Mineralised vein systems found on surface at the Duchess Prospect, returns 2.46g/t Au, 49.7g/t Ag rock chip result.
Gold and silver anomaly with at least 500m strike and potential 2km open strike under cover to Handpump Prospect.
A separate, copper-molybdenum mineralisation trend over 1,000m also identified through rock chip sampling and drilling.
Airborne Electromagnetic (AEM) survey completed primarily targeting Ni-Cu sulphide mineralisation over West Musgrave Nebo-Babel corridor extension.
Soil geochemistry results identify likely mafic host rocks at major structural intersection.
Second phase of reconnaissance aircore drilling underway.
Following the announcement the company?s share price rose 4.032%