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Caprice Resources Ltd. ( (AU:CRS) ) just unveiled an update.
Caprice Resources has reported a standout drill intercept at its Island Gold Project, with a reverse circulation hole cutting 22 metres at 66.2 grams per tonne gold from 42 metres, including 8 metres at 181 grams per tonne. The hit defines a new shallow, high-grade lode about 120 metres west and parallel to the main Vadrians deposit, occurring in a preferentially weathered shear zone beneath a near-surface depletion horizon.
The discovery materially strengthens the interpretation of Island as a multi-lode, high-grade gold system and supports Caprice’s broader exploration approach of using low-level air core anomalies to vector into concealed mineralisation. Follow-up RC and diamond drilling is being fast-tracked as part of an ongoing 50,000-metre program aimed at extending high-grade zones, testing deeper plunge positions and ultimately defining a maiden mineral resource, potentially enhancing the project’s scale and appeal for investors.
More about Caprice Resources Ltd.
Caprice Resources Ltd. is an Australian gold exploration company listed on the ASX and focused on its Murchison gold strategy in Western Australia. Its primary activities include extensive air core, reverse circulation and diamond drilling programs across the Island Gold Project, as well as the Comet and Cuddingwarra projects, targeting high-grade, multi-lode gold systems with significant scale potential.
Average Trading Volume: 2,768,260
Technical Sentiment Signal: Hold
Current Market Cap: A$65.93M
For a thorough assessment of CRS stock, go to TipRanks’ Stock Analysis page.