• Gold mineralisation at Vadrians now confirmed to at least 400m vertical depth and over 1,000m in strike
• Drilling delivering strong grade continuity, depth and strike extensions across the gold system, as well as a new adjacent high-grade reef discovery
• Drilling recommenced in the first week of January to complete the final 7,000 metres of the Phase 4 Drilling Programme

Caprice Resources Ltd (ASX: CRS) is pleased to report high-grade gold drilling results returned from the Island Gold Project (IGP), with drilling recommencing in the first week of January to complete the final 7,000 metres of the Phase 4 Drilling Programme. The results confirm continuation of gold mineralisation along strike to the north, high-grade continuity with depth and a new high-grade gold quartz reef grading 1.2m at 14.4 g/t gold within a mafic host rock located in the footwall of the Vadrians banded iron formation (BIF) hosted system, adding yet another growth gold target. Drill hole 25IGRC069D intersected 3.8m at 8.6 g/t gold from 281m downhole, including 2m at 15.6 g/t gold at the northern end of Vadrians, highlighting the potential for additional high-grade shoots. The gold system remains open at depth and along strike with further drilling planned in the remainder of Phase 4. The Phase 4 programme has been designed to systematically extend and refine the Company's understanding of the Island Gold mineralised system, with a particular focus on Vadrians, while also advancing broader corridor-scale targets hosted within BIF units.

Drilling has recommenced at the Island Gold Project to complete the outstanding 1,000m of diamond and 6,000m air core drilling scheduled in the Phase 4 Programme. The programme is aimed at identifying and prioritising additional mineralised positions and structural settings along the corridor, including areas with limited historical drill coverage. Results will be used to define follow-up RC and diamond drill targets in future drilling campaigns.