Join our daily newsletter At The Bell to receive exclusive market insights
Caprice Resources (ASX:CRS) has this week added significant strike to the ever-growing higher-grade core at its Vadrian target within the Island gold project in Western Australia.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The explorer achieved further exploration success at the project with RC and diamond drilling results confirming more than 1,000 metres of strike to a depth of approximately 400m within the broader Vadrians system at Island.
Caprice’s MD, Luke Cox, said Vadrians remains open in most directions; drilling continues to add to the scale and growth of the high-grade gold system.
“Vadrians continues to prove up quite nicely and, importantly, it is just one of several gold mineralised prospects and targets across the broader Island Gold corridor,” Mr Cox told Caprice shareholders today.
“With a high volume of samples currently in the laboratory and further assay results expected throughout the quarter, as well as further drilling, Caprice is entering a sustained period of results- driven activity. In parallel, field exploration has commenced at Comet, providing an exciting opportunity to deliver additional new gold discoveries alongside our core Island Gold growth strategy.”
The highlight was an intersection of nine metres at 7.3 grams per tonne gold from 148 metres downhole at the northern end of the Vadrians system. The hit resulted in an extension of +80 metres to the emerging high-grade gold lode of greater than 50-gram metres, with the prospect of continued extensions.
To follow up, Caprice is designing a reverse circulation drilling program, which is scheduled to get away later in the March quarter; that program will be targeting Vadrian’s northern strike extensions and depth continuity.
The program will also include RC pre-collars to support further diamond drilling. That plotted Diamond drilling will recommence following completion of RC pre-collars and will be focused on further testing strike and down-plunge extensions of high-grade mineralisation at Vadrians.
CRS is up +1.15% at 8.8cps. Market cap is $60.3M.
Join the discussion: See what HotCopper users are saying about Caprice Resources Ltd and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
