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Caprice Resources Ltd. ( (AU:CRS) ) has provided an announcement.
Caprice Resources has reported a new set of high-grade assay results from Phase 4 drilling at its Island Gold Project, confirming gold mineralisation at the Vadrians prospect to at least 400 metres vertical depth and over 1,000 metres of strike, and identifying a new high-grade quartz reef in the footwall. The company has restarted drilling to complete the remaining 1,000 metres of diamond and 6,000 metres of air core drilling in the 20,000-metre Phase 4 program, backed by a strong pipeline of pending assays, while also initiating field exploration at the Comet Project, positioning the company for an active quarter of results and potentially significant growth in its Murchison gold portfolio.
The most recent analyst rating on (AU:CRS) stock is a Hold with a A$0.10 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 ASX-listed gold exploration company focused on the Island Gold Project and a broader Murchison gold package in Western Australia, with additional early-stage work underway at the recently acquired Comet Project. Its activities centre on systematic drilling and field exploration targeting banded iron formation-hosted and related gold mineralisation to grow its resource base and advance new discovery opportunities.
YTD Price Performance: 11.70%
Average Trading Volume: 2,953,646
Technical Sentiment Signal: Buy
Current Market Cap: A$74.06M
See more insights into CRS stock on TipRanks’ Stock Analysis page.