Page 106 - pd309-Oct22-mag-web-Neat

nIcKeL PReVIeW

To be, or not to be clever

aspin Resources Ltd chief executive Cassini Resources. However, it was dis- 2.07 g/t 3E and 0.2% nickel from 106m.
CGreg Miles has described his com- counted at the time because all character- However, it was the presence of significant
pany’s Serradella discovery as a great istics pointed to a likely false positive. rhodium mineralisation – confirmed after
example of “not trying to be too clever”. Caspin decided to return to the pros- the company decided to re-assay for the
Part of the Yarawindah Brook PGM- pect at the start of the year. By the end of full suite of PGMs in a number of holes –
nickel-copper project about 100km north July, Serradella was quite clearly atop the which sent the Caspin share price to a sev-
of Perth, Serradella was originally identi- company’s list of priorities after two wide en-month high of 91c in mid-September.
fied as an EM anomaly about four years mineralised zones – 25m @ 1.01 g/t 3E “The fact that we discovered rhodium
ago by Caspin’s predecessor company PGM, 0.16% nickel and 0.1% copper from associated with other PGEs was simply
55m and 17m @ 2.13 because we weren’t afraid to do an expen-
g/t 3E, 0.17% nickel sive assay technique to understand what
and 0.03% copper (in- we were dealing with,” Miles told Paydirt.
cluding 3m @ 5.48 g/t It was also that fearless approach which
3E PGM and 0.17% led Caspin back to Serradella after com-
nickel) from 131m – pleting an extensive gravity survey over
were intersected about the Yarawindah Brook project, about 40km
300m along strike to north of major shareholder Chalice Mining
the south of the dis- Ltd’s Julimar discovery, late last year.
covery hole, which re- “It always sat lower in our list of priori-
turned 13m @ 1.08 g/t ties until we decided, ‘you know what, let’s
4E PGM, 0.26% nickel just drill a hole and make sure’, and sure
and 0.21% copper. enough, bingo, we came up with a ripping
Drilling also hit 35m intercept,” Miles explained.
@ 10.3 g/t 3E and “I think it’s a great example of not try-
0.14% nickel from 91m, ing to be too clever. Don’t get me wrong,
including a higher- we tried to be clever, we put a lot of effort
Serradella has emerged as a priority prospect for Caspin at its grade core of 12.1m @ into doing good geoscience, but you never
Yarawindah Brook project, only 100km north of Perth

Advancing DSO nickel

projects to production in
the Solomon Islands

Find out more:
pacificnickel.com ASX:PNM

Page 106 OCTOBeR 2022 aUSTRaLIa’S PaYDIRT