Caprice Extends High-Grade Gold Zone at Island Project With Deep Drill Hits

Caprice Resources Ltd. ( (AU:CRS) ) has shared an announcement.

Caprice Resources has reported new high-grade diamond drilling intercepts at the Island Gold Project’s Vadrians system, extending the southern high-grade zone a further 100 metres down plunge and confirming strong mineralisation continuity beyond 300 metres below surface. The overall Vadrians gold system now demonstrates more than 1,000 metres of strike and at least 400 metres of vertical extent, remaining open and reinforcing the project’s potential scale and strategic importance for the company.

Key intersections include 11 metres at 7.1 g/t gold, including 3 metres at 25.3 g/t, and 7 metres at 7.4 g/t, supporting the interpretation of a robust high-grade zone within the Vadrians BIF. Caprice is concurrently advancing an aggressive exploration program, with assays pending for 90 air core holes, ongoing RC and diamond drilling to test strike and depth extensions, and further air core drilling planned from late April to early May, which could materially enhance the project’s resource base if results are positive.

The most recent analyst rating on (AU:CRS) stock is a Hold with a A$0.07 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 mineral exploration company focused on gold, with its flagship Island Gold Project in Western Australia. The company targets banded iron formation (BIF)-hosted gold systems, aiming to expand high-grade resources at depth and along strike to support potential future development of the project.

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Technical Sentiment Signal: Hold

Current Market Cap: A$64.64M

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