Caspin Resources (ASX:CPN) said drill results from its maiden reverse circulation drilling campaign the Bygoo tin project in New South Wales intersected high-grade mineralization, according to a Thursday Australian bourse filing.
Results from the drilling campaign, which included 12 holes for around 1,400 meters, included 16 meters at 1.35% grade of tin from 65 meters, and 19 meters at 0.49% grade of tin from 56 meters, the filing said.
The tin mineralization was confirmed as cassiterite, which is important for economic processing. The firm is now planning follow-up drilling.
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