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Caprice Resources Ltd. ( (AU:CRS) ) has provided an announcement.
Caprice Resources advanced its flagship Island Gold Project during the March quarter, completing Phase 4 drilling that extended high-grade mineralisation at the Vadrians prospect to about 400 metres depth and 1 kilometre along strike. Aircore drilling also outlined multiple new priority gold targets around Vadrians, setting up deeper reverse circulation work and laying the groundwork for a future maiden Mineral Resource estimate.
The company launched a major 50,000-metre multi-rig drilling campaign across its Murchison projects, while early-stage exploration progressed at the Comet Gold Project and geophysical surveying and a partial divestment were executed at the Chobe Project. Caprice strengthened its balance sheet with a A$12.74 million equity raising, ending the quarter with A$13.8 million in cash to support aggressive exploration and portfolio advancement.
More about Caprice Resources Ltd.
Caprice Resources Ltd. is an Australian gold exploration company focused on the Island Gold Project in Western Australia’s Murchison Goldfields, along with the Comet Gold Project and the Chobe Project in the West Arunta region. The company targets high-grade gold discoveries in underexplored but geologically prospective terrains, aiming to build scale through systematic drilling and exploration.
Average Trading Volume: 2,799,179
Technical Sentiment Signal: Buy
Current Market Cap: A$65.5M
Find detailed analytics on CRS stock on TipRanks’ Stock Analysis page.