Caprice Resources Expands Island Gold Project with New Funding

The latest announcement is out from Caprice Resources Ltd. ( (AU:CRS) ).

Caprice Resources Ltd announced a funding boost of $1.54 million from early option exercises, increasing its available cash to approximately A$4 million. This financial support will enable the expansion of the Island Gold Project’s drilling program, which aims to explore high-grade gold targets. The ongoing Phase 2 drilling has already revealed significant gold mineralization, and the company plans to move forward with a Phase 3 drilling program pending assay results. The developments are expected to strengthen Caprice’s position in the gold exploration sector, potentially delivering a maiden resource for the Island Gold Project.

More about Caprice Resources Ltd.

Caprice Resources Ltd is a company involved in the gold mining industry, focusing on exploration and development projects. The company is primarily centered on its Island Gold Project located in the Murchison gold region of Western Australia.

YTD Price Performance: 210.0%

Average Trading Volume: 23,000

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €15.35M

See more data about CRS stock on TipRanks’ Stock Analysis page.