en.Wedoany.com Reported - Caspin Resources (ASX:CPN) has identified a high-priority drilling target at the Moss prospect within the Bygoo Tin Project. Located within a northeast-southwest trending major fault zone, the prospect exhibits geochemical anomaly scales consistent with the Kelpie deposit approximately 1,000 meters to the south, and coincides with strong induced polarization (IP) chargeability and resistivity anomalies.
Gravity and magnetic surveys have provided further support for target delineation by identifying anomalies associated with granite contacts and alteration halos beneath shallow cover. The Moss prospect has not previously been subjected to effective modern drilling, but scattered small-scale historical mining workings on the surface suggest its mineralization potential.
Managing Director Greg Miles stated that the latest IP data has identified a strong chargeability and high resistivity feature at Moss, highly similar to the characteristics of the tin-bearing structure at Kelpie. New soil geochemical surveys, structural setting, and gravity signatures all point to a geological environment highly analogous to the Kelpie deposit, with the coincidence of multiple independent datasets at the same location defining a highly attractive drilling target.
The Moss target is located just 1,000 meters north of the Kelpie deposit (resource of 3.94 million tonnes at 0.5% tin, containing 19,300 tonnes of tin), and is scattered with numerous small-scale historical mining workings dating back to the early 20th century, concentrated in weak greisen veins and stockwork zones within sporadic outcrops of hydrothermally altered rhyolite porphyry.
The outcropping rhyolite porphyry unit is the same rock unit that forms the hanging wall of the Kelpie deposit, and systematic soil sampling has confirmed tin values up to 28.8ppm within the target, along with a geochemical anomaly of comparable magnitude and extent to the Kelpie deposit. Moss is now the highest priority drilling target outside the Kelpie resource area within the Bygoo project.
The company plans to implement an extensive reconnaissance drilling program at Moss, traversing the soil anomaly, with the aim of intersecting the granite-rhyolite contact at moderate depths. Drill site preparation is underway, and drilling is expected to commence in the coming weeks following the completion of the current program at Kelpie.
Additionally, the company has made a discovery at the Errol's Zone within the Kelpie deposit, with drill hole BRC053 intersecting 8 meters at 1.39% tin and 5 meters at 1.15% tin. Assay results from the Ardlethan East regional prospect, another area with near-term discovery potential, are pending.
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