- Caprice Resources (CRS) reports “excellent” base metal results from the Lady Sampson prospect, within its Northampton polymetallic project in WA
- Significant hits from its phase two reverse circulation program include seven metres of 4.4 per cent lead, 1.6 per cent zinc, and 3.7 grams per tonne (g/t) silver from a 26-metre depth
- CRS also identified a higher-grade zone extending 100 metres south, which has been tested via ultrafine soil sampling
- The company plans to recommence drilling once rig access has been re-established later in the year
- CRS shares are down 1.82 per cent, trading at 5.4 cents at 11:40 am AEST
Caprice Resources (CRS) has reported “excellent” base metal results from the Lady Sampson prospect, within its Northampton polymetallic project in WA.
The company received results from its phase two reverse circulation (RC) drilling program, which returned hits including seven metres at 4.4 per cent lead, 1.6 per cent zinc, and 3.7 grams per tonne (g/t) silver from a 26-metre depth.
It also yielded a two-metre intersection of 7.7 per cent lead, one per cent zinc, 4.6 g/t silver from 28 metres.
The phase two program tested 11 RC holes spanning 1010 metres, which returned multiple intersections of “significant” grades and widths, with a higher-grade zone extended 100 metres south.
The drilling followed Caprice’s maiden program at Lady Sampson which delineated anomalism and mineralisation over at least one kilometre. CRS noted this zone will become be a key focus for follow-up drilling, as well as testing for potential depth.
“We are very excited by the potential of Lady Sampson, the latest program has confirmed the higher grade mineralisation and extended it to the south,” CRS Managing Director Andrew Muir said.
“In addition, the recognition that ultrafine soils can identify underlying mineralised bodies is very pleasing and will be a key exploration tool heading forward,” Mr Muir said.
With the farming season underway, the company’s activities have been limited to ultrafine soil sampling. CRS now plans to extend the sampling laterally and along strike.
CRS will also look to sample new locations and anticipates it will recommence drilling once rig access has been re-established later in the year.
CRS shares were down 1.82 per cent, and trading at 5.4 cents at 11:40 am AEST.