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Caprice Resources Ltd. ( (AU:CRS) ) has issued an announcement.
Caprice Resources has reported new reverse circulation and diamond drilling results from its Island Gold Project, confirming extensions to high-grade gold mineralisation at the Vadrians deposit. The latest drilling has extended the main high-grade lode by more than 80 metres at the northern end and now defines the broader Vadrians system over 1,000 metres of strike and to at least 400 metres vertical depth.
The company also identified a new adjacent high-grade quartz reef in the Vadrians footwall, creating an additional growth target within the system. Phase 4 drilling is now complete, with further assay results from diamond and air core holes due in coming months, and follow-up reverse circulation drilling planned to test both northern strike and deeper extensions, underscoring ongoing resource growth potential at Island.
The most recent analyst rating on (AU:CRS) stock is a Hold with a A$0.09 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 gold exploration company focused on its Island Gold Project in Western Australia. The company targets high-grade gold mineralisation, with drilling concentrated on the Vadrians system, a growing gold deposit defined over a strike length of more than one kilometre and several hundred metres depth.
Average Trading Volume: 2,653,691
Technical Sentiment Signal: Buy
Current Market Cap: A$63.48M
See more insights into CRS stock on TipRanks’ Stock Analysis page.