- Caprice Resources (CRS) advances activities at its Northampton polymetallic project in Western Australia
- The company finalised an access agreement the Yungaro project, which covers the southern end of the Northampton project
- This agreement will allow on-ground activities to commence, with reverse circulation drilling expected in December, subject to approvals and crop harvesting
- Furthermore, Caprice will undertake regional prospectivity analysis to assess whether pegmatites in the area are favourable to host lithium or rare earth minerals
- Shares end the day flat to close at 4.5 cents
Caprice Resources (CRS) has advanced activities at its Northampton polymetallic project in Western Australia.
The company finalised an access agreement for the Yungaro project, which covers the southern end of the Northampton project.
This agreement will allow on-ground activities to commence, with reverse circulation (RC) drilling expected in December, subject to approvals and crop harvesting.
This drilling will target a north-south-orientated structure to test for base metal mineralisation.
Additionally, the company has an aerial aeromagnetic survey for this quarter to assist exploration targeting.
Furthermore, it will undertake regional prospectivity analysis to assess whether pegmatites in the area are favourable to host lithium or rare earth minerals.
Managing Director Andrew Muir said there has been minimal work done to assess the prospectivity for lithium and rare earths within the project area.
“Given the significant number of pegmatites within the region, as well as their proximity to granites, we see it as prudent to assess the potential for these commodities,” he said.
In other news, Caprice completed RC drilling at Solis, within the Island gold project in WA.
It completed 13 holes, for 1526 metres, with assay results expected at the end of the month.
Shares ended the day flat to close at 4.5 cents.