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Tide turning for Caspin

aspin Resources Ltd chief execu- “This [gravity survey] has really been a at the time of print.
Ctive Greg Miles has suggested his turning point for us because it’s provided “This survey has actually generated a
company’s search space at Yarawindah us a window into what the subsurface whole range of targets and not only have
Brook is comparable in scale to neigh- looks like,” Miles said. we been able to think about the simple
bour and major shareholder Chalice Min- “We were previously just using mag- things like where’s the edge of our intru-
ing Ltd’s Julimar project. netics to guide us on where the bound- sion…we can now start to see the inter-
Speaking at last month’s Australian aries of the intrusion were, but…what nal stratigraphy of this intrusion as well,”
Nickel Conference, Miles detailed how we’ve been able to find is that this Yara- he said.
the results of a recent gravity survey had brook Hill intrusion is probably 2-3 times “It’s quite complex, we can see that it’s
led the company to conclude that the in- larger than we originally thought. It’s just been overturned in parts, but important-
trusion at its flagship Yarabrook Hill pros- increased our search space significantly. ly…the drilling in the past is a mere post-
pect was “probably 2-3 times larger than “If you want to get a sense of scale, it’s age stamp on the entire volume of rock
what we originally thought”. actually roughly on a similar sort of scale that’s potentially prospective. And within
to Chalice’s Julimar project.” that volume of rock, probably the basal
Only a small fraction of the intrusion contact where you would likely expect to
has been drilled by Caspin or previous see accumulation of sulphides hasn’t re-
owners of the project, about 40km north ally been tested at all.”
of Julimar. Most of the historical drilling Only about 35% of Yarawindah Brook
was focused on areas where mineralisa- has been subject to soil geochem, while
tion came to surface, with a large portion just 50% of the project area has airborne
of the prospective basal sequence either EM coverage. Despite this, Miles said
obscured by overlying sequences or un- the work completed by the company to
recognised, and yet to be tested. date had generated multiple PGE, nickel
Two soil geochemical anomalies are and copper anomalies demanding fur-
now recognised to occur within the foot- ther testing.
print on the intrusion. Neither were able Assay results from the 11 holes recent-
to be tested during the last round of drill- ly drilled into Yarabrook Hill also remain
ing due to wet ground conditions, but pending.
Greg Miles Miles said the company planned to pri- – Michael Washbourne
oritise both when the campaign resumed

aUSTRaLIa’S PaYDIRT NOVeMBeR 2021 Page 43