Bygoo North Drilling Yields 118m at 0.32% Tin and 5m at 1.73% Tin with Copper

Bygoo North – A Growing Tin Opportunity

Caspin Resources Limited (ASX – CPN) has delivered promising results from its second reverse circulation drilling campaign at the Bygoo Tin Project in New South Wales. Building on a successful maiden drilling phase, the company has identified substantial extensions and new zones of high-grade tin mineralisation, reinforcing the project's potential to evolve into a significant tin producer.

The standout results come from Stewart’s Lode, where a broad zone of tin mineralisation was extended along strike. Notably, drill hole BRC015 intersected 118 metres at 0.32% tin starting from just 44 metres below surface, including a higher-grade core of 8 metres at 1.17% tin. These thick, shallow intersections suggest a robust bulk mineralisation system that remains open for further expansion.

High-Grade Zones at Smith’s and New ‘Radius’ Discovery

Further south, Caspin’s maiden drilling at Smith’s Lode returned encouraging high-grade tin results. Hole BRC013 yielded 16 metres at 0.68% tin from 49 metres depth, including a particularly rich 5-metre interval grading 1.73% tin alongside 1.45% copper, the highest copper grade recorded by Caspin at Bygoo to date. This copper presence, although minor, may indicate a complex hydrothermal system akin to historic tin-copper deposits.

Adding to the excitement, a new mineralised zone named ‘Radius’ was discovered between Dumbrell’s and Smith’s. Drill hole BRC016 intersected 16 metres at 0.48% tin, including a 2-metre section grading 2.05% tin with associated copper. This discovery fills a critical gap along the granite contact and validates Caspin’s geological model, which anticipates further mineralisation along this corridor.

Strategic Exploration and Future Prospects

The Bygoo North area now boasts tin mineralisation extending over more than 1,000 metres of granite contact, with significant portions still untested. Caspin plans to deploy a high-resolution aerial magnetic survey covering approximately 800 square kilometres to refine its geological understanding and identify new drill targets, particularly along several kilometres of untested granite contact to the north and south.

Managing Director Greg Miles emphasised the importance of these results, noting the potential for Bygoo North to develop into a large-scale tin project. The company’s systematic approach, integrating legacy data with modern exploration techniques, is rapidly advancing the project’s prospects.

While no resource estimates have yet been announced, the continuity and grade of mineralisation revealed so far provide a strong foundation for future resource definition and potential economic assessment. The presence of copper and other trace metals may also offer additional value streams as exploration progresses.