(NewsDirect)
Caspin Resources Ltd(ASX:CPN) CEO Greg Miles tells Proactive the company has extended therare earth element (REE) footprint at the Duchess Prospect within its100%-owned Mount Squires Project in Western Australia to more than 300metres along strike and at the highest grade intersected so far. Thelatest results from the 4,500-metre reverse circulation (RC) programconducted in June included 2 metres at 2.03% total rare earth oxide(TREO) comprising 2,712 parts per million (ppm) neodymium oxide, 728ppm praseodymium oxide, 432 ppm dysprosium oxide and 72 ppm terbiumoxide within 17 metres at 0.41% TREO. This heavy REE mineralisationhas been consistent and features highly in the results, averaging inexcess of 30% of TREO, and remains open along at least two untestedcontrolling structures for more than 1,000 metres.
“We believe the scale, grade potential andunique composition of the rare earth mineralisation at Mount Squireswould be attractive to a larger partner whilst Caspin remains focusedon the base metals potential of the project along strike from BHP’sNebo-Babel development.”
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JonathanJackson
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