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Caspin Resources Ltd. ( (AU:CPN) ) has issued an update.
Caspin Resources reported new reverse circulation drilling results from the Kelpie resource extension program at its Bygoo Tin Project in New South Wales, highlighting substantial down-plunge extensions of tin mineralisation along the Stewart Fault Zone. Key intercepts include 21 metres at 0.78% tin and 4 metres at 0.66% tin with a further 15 metres at 0.39% tin, extending mineralisation more than 75 metres beyond the current resource envelope.
The company says these results validate its geological model, with the Stewart Fault Zone’s strike length effectively doubling and mineralisation remaining open at modest depths. This increased confidence in the predictive targeting approach supports continued drilling aimed at growing the high-grade, open-pit tin resource at Kelpie, potentially enhancing Caspin’s resource base and strengthening its position in the tin exploration space.
More about Caspin Resources Ltd.
Caspin Resources Ltd. is an Australian mineral exploration company focused on tin through its 100%-owned Bygoo Tin Project in New South Wales. The flagship Kelpie deposit hosts a high-grade, shallow, open-pit tin resource of 3.94 million tonnes at 0.50% tin for 19,300 tonnes of contained metal, positioning the company in the growing tin supply sector.
Average Trading Volume: 1,102,504
Technical Sentiment Signal: Sell
Current Market Cap: A$30.96M
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