Caspin Resources hits best REE grades so far at Duchess
September 14, 2023 at 02:56 pm
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Caspin Resources Ltd (ASX:CPN) CEO Greg Miles tells Proactive the company has extended the rare earth element (REE) footprint at the Duchess Prospect within its 100%-owned Mount Squires Project in Western Australia to more than 300 metres along strike and at the highest grade intersected so far. The latest results from the 4,500-metre reverse circulation (RC) program conducted in June included 2 metres at 2.03% total rare earth oxide (TREO) comprising 2,712 parts per million (ppm) neodymium oxide, 728 ppm praseodymium oxide, 432 ppm dysprosium oxide and 72 ppm terbium oxide within 17 metres at 0.41% TREO. This heavy REE mineralisation has been consistent and features highly in the results, averaging in excess of 30% of TREO, and remains open along at least two untested controlling structures for more than 1,000 metres.
“We believe the scale, grade potential and unique composition of the rare earth mineralisation at Mount Squires would be attractive to a larger partner whilst Caspin remains focused on the base metals potential of the project along strike from BHP’s Nebo-Babel development.”
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Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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Caspin Resources Limited is an Australia-based mineral exploration company. The Company is engaged in early-stage exploration and development. The Companyâs projects include Yarawindah Brook Project and the Mount Squires Project. The Company holds 80% interest in the Yarawindah Brook Project, which is located approximately 100 kilometers (km) northeast of Perth, in the emerging PGE-Ni-Cu sulfide West Yilgarn province. The project comprises a ground position of approximately 400 square kilometers (km2), approximately 40 km north from Chalice Mining's Gonneville deposit. The Mount Squires Project is a 750 square kilometers (km2) land holding, including a 50 km structural corridor with significant gold mineralization and a 25 km strike extension of the West Musgrave nickel and copper corridor. The Project is a greenfield-style gold and base metal project that lies within the West Musgrave region of Western Australia.