Caprice Resources (ASX:CRS) reports positive results have now been received from Gadolin, Colosseum, Hadrian’s and QC3, with drill-ready targets now identified on 3 of the 4 outstanding prospects.
The company reports robust regional exploration work at the prospects, located within its Mukinbudin Rare Earth Element Project with recent tenement applications made.
Following receipt of the remaining outstanding samples from Colosseum and Hadrian’s, the company says an RC program to test the highest priority targets will be accelerated.
Extensional sampling at Gadolin within its Mukinbudin Rare Earth Element Project has extended the REO target by 2km. Further reconnaissance programs to extend known anomalism is underway to understand prospect wide basement depth to promote clay-hosted intercept potential
Strike is also significantly improved by +2km (+3.4km overall strike and open) and +1.2km to width to date (1.8km overall width and open) at the prospect, the company notes. Caprice adds that the southern trend indicates ‘high-grade’ channel (>1,000ppm) of +2500ppm over 800m and remains open.
Meanwhile, follow up soil sampling at Hadrian’s has also confirmed significant REO anomalism. Caprice says of significance, the anomalism at Hadrian’s has been extended an additional 500m, and now stands at over 3.5km and remains open.
The results from Hadrian’s have highlighted a series of northwest trending anomalies within a broader north-south trend. Recent sampling had been undertaken to infill the higher-grade areas and extend laterally, with numerous results still pending.
Following receipt of outstanding soil samples across the Mukinbudin Project, located 25km northwest of Mukinbudin and 250km northeast from Perth in Western Australia, the company will continue to firm up targets ahead of a maiden drill program.
The approval process is underway, and drilling is planned to test Gadolin, Hadrian’s, and Colosseum.
Write to Adam Orlando at Mining.com.au
Images: Caprice Resources
