Caspin Resources discovers wide tin zones and bismuth with RC drilling at Bygoo project

Caspin Resources (ASX: CPN) continues to unearth significant upside at its Bygoo tin project in New South Wales with further promising drill results.

The company’s latest reverse circulation (RC) drilling campaign at Bygoo has identified a 100m-wide zone of shallow tin mineralisation at the Stewarts Lode.

The company has completed 12 holes for approximately 1,400 metres, with the latest drilling highlights including 100m at 0.33% tin from 67m, with 27m at 0.47% tin from 101m and 30m at 0.48% tin from 137m.

Broad widths discovered

Managing director Greg Miles said results received to date from the company’s maiden drill program had not only identified high-grade tin but also confirmed very broad widths of mineralisation.

“The latest incredibly wide intersection at the Stewarts Lode demonstrates the significant scale potential of tin mineralisation at Bygoo North and elsewhere across the project,” Mr Miles said.

“This result suggests the Stewarts Lode is a large body of mineralisation, close to surface and open in all directions.”

“There is excellent potential for further discoveries that will demonstrate that Bygoo is not only a high-grade tin project, but potentially a project of significant scale.”

Ideal neighbourhood

The Stewarts Lode is located 300m north-west of the historical Dumbrells mining centre and was a recent discovery by previous operators.

Caspin is now aiming to obtain a better understanding of controls on this lightly explored body of mineralisation.

The maiden program tested an alternative east-west orientation of mineralisation similar to the Main and P380 lodes, with the company successfully confirming that hypothesis.

Mineralisation remains open in both directions along strike and down plunge, providing potential for significant growth through future drilling programs.

Bismuth result

The east-west hole also returned an intriguing bismuth result of 17m at 0.19% from 73m.

This is the first time in the program to date that Caspin has observed bismuth – a rare accessory metal in tin and tungsten deposits around the world – and the company is yet to fully understand its significance as a potential by-product.

Caspin has already begun planning for further drilling to test the extensions of mineralisation along strike and is also reviewing a gap between Stewarts and Dumbrells of approximately 150m where there has been no drilling at all.