Caspin Resources (ASX:CPN) has discovered a new moving loop electromagnetic (MLEM) anomaly north of the Serradella prospect, likely hosted in ultramafic rocks along the strike from recently reported high-grade PGE mineralisation in drilling.
The conductor has been identified as a high priority target for drill testing, and is along strike of recently reported high-grade PGE mineralisation, including 8.9m @ 2.47g/t 3E & 0.22g/t Ni.
This development is considered exciting for the Serradella Prospect, and the conductor will be a priority target on resumption of the project.
Caspin Resources is actively exploring the Yarawindah Brook Project in Australia’s exciting new PGE-Ni-Cu West Yilgarn province, and the Mount Squires Project in the West Musgrave region, one of Australia’s last mineral exploration frontiers.