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An update from Caprice Resources Ltd. ( (AU:CRS) ) is now available.
Caprice Resources has reported initial air core drilling results from its Island Gold Project, where 161 holes were designed to test banded iron formation corridors around the existing Vadrians deposit. Results from the first 71 holes in the southern area have outlined four new early-stage gold targets—First Light, Evening Star, Eureka and Chicago—with coherent zones of anomalous gold mineralisation along strike.
The company views the shallow, low-grade anomalies as potential indicators of higher-grade gold at depth in fresh rock, and is planning deeper reverse circulation drilling to test these targets and the northern and deeper extensions of Vadrians. Additional air core drilling is also being prepared to assess further high-priority targets generated from gravity and magnetic surveys, positioning Caprice to potentially expand the scale and continuity of the Island Gold system pending further assay results.
The most recent analyst rating on (AU:CRS) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on Caprice Resources Ltd. stock, see the AU:CRS Stock Forecast page.
More about Caprice Resources Ltd.
Caprice Resources Ltd. is an Australian-listed mineral exploration company focused on gold exploration at its Island Gold Project in Western Australia. The company targets banded iron formation-hosted gold systems and is advancing early-stage prospects through systematic drilling to define new deposits and expand its resource base.
Average Trading Volume: 2,601,011
Technical Sentiment Signal: Buy
Current Market Cap: A$68.42M
Learn more about CRS stock on TipRanks’ Stock Analysis page.