Caspin identifies regional tin discovery targets at Bygoo

Caspin Resources (ASX:CPN) has identified new growth potential from regional exploration activities across the Bygoo tin project in NSW, with early results revealing several highly prospective targets alongside ongoing resource extension drilling at the Kelpie deposit.

Managing Director Greg Miles said the work in parallel with the Kelpie drilling demonstrates the breadth of discovery opportunities across the project. "Recent high-grade results from the Kelpie deposit have demonstrated a clear pathway to resource growth with an updated resource estimate already scheduled for September," Mr Miles said.

The Moss prospect is the most direct analogue to Kelpie, with a new soil anomaly of similar magnitude located only 500 metres along strike. Infill sampling has also emphasised a second tin anomaly, 500 metres north of Kelpie, associated with a cross-fault structure. The company said this anomaly is stronger than the initial one that defined the Moss prospect.

Adjacent to the Ardlethan mine, the company has recognised extensive alteration halos it expects around a breccia or greisen-style tin deposit. Mr Miles said the company has completed the most comprehensive exploration program in the area since the early 1980s.