Caprice Resources (ASX:CRS) has reported further gold intercepts across multiple lodes at its Island Gold Project in Western Australia’s Murchison region.
Results include 7m @ 15.40 grams per tonne gold (Au) from 268m at the Vadrians deposit, alongside further intercepts from the Baxter and Golconda lodes. Caprice says drilling has also identified gold-bearing quartz veins within mafic rocks outside the main banded iron formation-hosted Vadrians trend.
“These results continue to show that the Island Gold Project is developing into a significant multi-lode gold system,” Managing Director Luke Cox says.
Resource definition drilling at Vadrians returned 7m @ 15.40g/t Au from 268m and 2.75m @ 6.10g/t Au from 282m in drill hole 26IGRC042D. Caprice also intersected 5m @ 1.20g/t Au from 398m in 26IGRC002D, which the company says extends mineralisation by about 100m.
Diamond drilling is testing southern extensions about 400m below surface, with Caprice reporting the mineralised system remaining open down plunge. Infill drilling is continuing to support a planned maiden mineral resource estimate, with Caprice targeting drill spacing suitable for an indicated classification.
At Baxter, a reverse circulation (RC) pre-collar returned 7m @ 10g/t Au from 119m in 26IGRC045D, which Caprice says extends mineralisation by about 50m at depth.
Results from Golconda include 4m @ 3.10g/t Au from 84m in 26IGRC042D, 3m @ 2.30g/t Au from 75m in 26IGRC043D, and 1m @ 7g/t Au from 107m in 26IGRC038D. Drill hole 26IGRC031D returned 0.5m @ 18.10g/t Au from 305m within a quartz vein hosted by mafic footwall rocks at Vadrians.
The company says the result follows a similar intercept about 200m along strike and indicates gold mineralisation is not confined to banded iron formation stratigraphy.
The 1m original split sampling of RC drill hole 26IGRC010 returned 19m @ 124.70g/t Au from 42m, compared with the previously reported 22m @ 66.20g/t Au based on 2m composite samples.
Caprice has completed 12,778m of its planned 50,000m drilling program. Upcoming work includes RC drilling at Eureka, further testing at New Orient and other targets, and drilling across the 1km gap between Vadrians and New Orient beneath lake cover.
Write to France Pinzon at Mining.com.au
Images: Caprice Resources
