en.Wedoany.com Reported - ASX-listed mineral exploration company Caspin Resources Ltd (ASX: CPN) has announced the successful definition of priority drilling targets at the Moss Prospect within its Bygoo Tin Project in New South Wales. This new target is located approximately 1,000 meters from its high-grade Kelpie Tin Deposit. Caspin Resources Executive Director Greg Miles stated that multiple independent geophysical and geochemical datasets overlap at the same location, with geological characteristics highly similar to the Kelpie Deposit, forming a highly prospective drilling target. Headquartered in Perth, Western Australia, Caspin Resources is a junior mining company focused on early-stage exploration and development.
The Kelpie Deposit is currently the core tin resource of the Bygoo Project. Estimated in accordance with the 2012 JORC Code, the deposit hosts an Inferred Resource of 3.94 million tonnes at 0.5% tin, containing approximately 19,300 tonnes of tin metal, representing a high-grade tin resource with potential for open-pit mining. The Bygoo Project is located within the highly prospective Wagga Tin Granites belt in New South Wales, surrounded by the historic Ardlethan Tin Mine, which produced approximately 48,000 tonnes of tin, offering significant exploration potential.
The delineation of the Moss Prospect is based on the coincidence of four independent exploration datasets: soil geochemistry surveys identified a clear tin anomaly over approximately 1,500 meters of strike, with a peak value of 28.8 ppm, with anomaly scale and intensity comparable to the Kelpie Deposit; induced polarization surveys revealed strong chargeability and resistivity anomalies, with characteristics highly similar to the known mineralized structure at Kelpie; ground gravity surveys detected a gravity anomaly associated with the concealed Ardlethan Granite contact zone, nearly identical to the gravity signature of the Kelpie Deposit; and aeromagnetic imagery identified a hydrothermal alteration halo beneath shallow cover, consistent with the alteration halo type at the Kelpie Deposit. Additionally, the Moss Prospect is located on the Evans Fault Zone, trending southwest-northeast, parallel to the ore-controlling fault direction of the Kelpie Deposit, further enhancing the target's exploration potential. Caspin Resources plans to conduct exploratory drilling on this target in the coming weeks.
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