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Why is the Caspin Resources (ASX:CPN) share price exploding 40%?
The mineral resources explorer is having a bumper day after announcing new copper, nickel and iron discoveries.
Latest posts by Lucas Radbourne (see all)
May 24, 12:46pm AEST
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Image source: Getty Images
Caspin shares are up a whopping 40.7% to $1.21 at the time of writing, creating a 160% yearly gain for the miner. Let’s see what it’s discovered.
Multiple sulphide zones
Caspin shares are having a party on the ASX after the company updated the market on its drilling targets at Yarabrook Hill in Yarawindah, Western Australia.
According to the company, it has intersected multiple broad sulphide zones over a 250 metre strikezone in one drilling target, and 120 metre strikezone at another. The sulphide intersections ranged between 1% and 3% volume, but were found as high as 15% in some areas, at various depths. ....

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