Caprice Resources begins regional drilling and expands gold zones
Full story: https://grafa.com/en/news/australia/caprice-resources-begins-regional-drilling-and-expands-gold-zones
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Caprice Resources started a regional aircore drilling programme and reported new drill results that extended gold zones.
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The company's stock fell 2.86% to $0.068 following the announcement.
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The drilling aims to test the Break of Day trend and identify new mineralised zones for follow-up reverse circulation drilling.
Caprice Resources (ASX:CRS) commenced regional aircore discovery drilling across the western half of the Island Project while returning new drill results that extended gold mineralisation.
The fresh exploration push follows prior drilling success at the site, which previously yielded high-grade gold intersections down plunge at the Baxter target.
"Aircore drilling is now underway across the western half of the Island, targeting the interpreted Break of Day gold trend, additional banded iron formations and historical gold workings to identify new mineralised zones for follow-up RC drilling," said Caprice Resources Managing Director Luke Cox.
Exploration activity includes testing an untested corridor using a reverse circulation rig after receiving a high-grade intersection roughly 400 metres south of Golconda.
Following the announcement, the Caprice Resources share price was down at $0.068.
The company operates gold exploration assets in Western Australia with a primary strategic focus on defining resources along the Island gold trend.
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