Caprice Resources (ASX:CRS) Reports Exceptional High-Grade Gold Drill Results
Gold Mineralisation Results
Caprice Resources (ASX:CRS) has announced exceptional high-grade gold intersections from its Phase 1 Reverse Circulation (RC) drill programme at the Island Gold Project. The drilling program intersected multiple zones of thick, shallow, high-grade gold mineralisation across various targets spanning 5km of strike.
Significant gold intercepts at Vadrians Hill include 28m @ 6.4 g/t from 114m downhole in hole 24IGRC009, featuring 12m @ 7.8 g/t and 4m @ 16.4 g/t. Additionally, at Baxter/Golconda, intercepts such as 12m @ 3.9 g/t from 90m downhole in hole 24IGRC001 demonstrate the project’s robust potential. The drill results reveal multiple stacked high-grade gold lodes at depth, indicating a substantial maiden resource opportunity.
Executive Comments
CEO Luke Cox stated, “It’s a great pleasure to be delivering these exceptional gold results from our Island Gold Project December drill programme. These first 10-holes of the planned 40-hole drill programme have highlighted mineralisation thickening and increasing grade down plunge compared to the near surface gold mineralisation. Even more encouragingly, multiple stacked lodes were intersected by this drilling.”
Future Exploration Plans
Caprice has recommenced its 5,000m RC drill programme at the Island Gold Project, with Phase 2 comprising 30 RC drill holes currently in progress. The company aims to continue testing the highly prospective structural corridor through Baxter, Golconda, and Vadrians Hill, targeting a potentially significant maiden resource in the coming months.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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