| Announcement Date: | 2022-01-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Caprice Resources Ltd. |
| Project name: | Island |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 9m @ 4.7g/t Au from 101m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Caprice Resources Ltd (ASX: CRS) (“Caprice” or “the Company”) is pleased to provide an exploration update for the Island Gold Project (“The Island”, “IGP”, “Project”), located in the Murchison region of Western Australia. The second batch of results from the large expansionary drilling program on The Island have been received. The drilling has delineated multiple high grade prospects across The Island. Significant new mineralisation has been identified at the Vadrians Hill, Trigg Gully, and Chicago-Shamrock prospects. This is in addition to the existing Baxters, Golconda and New Orient prospects. Mineralisation remains open at depth at most prospects, with the average hole depth for Caprice drilling to date of less than 100m. The drilling was the largest program to date on the Project and tested a significant number of new areas, as well as aiming to extend mineralisation down plunge on select prospects. The program consisted of 83 holes for 8,093m between July and October 2021. Results for the first 44 holes were announced on 8/11/2021, however, since then, assay turnaround and sample processing order has been disappointing. |
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