• Air core drilling outlines multiple new gold targets north and south of Vadrians
• Targets include Trig Gully, Orient Gully, and Ironclad Extended
• Targets coincide with favorable structural settings and warrant follow-up RC drilling

Caprice Resources Ltd (ASX: CRS) has reported final results from recent air core (AC) drilling completed at the Island Gold Project (IGP). The AC drilling program systematically tested the easterly banded iron formation (BIF) corridor north and south of the Vadrians deposit, an area hosting numerous shallow historical gold workings with structural and geological settings analogous to Vadrians. The results have outlined multiple new anomalous gold targets north and south of Vadrians, expanding the potential of the Island Gold system. Key targets include Trig Gully, with over 500m of anomalous gold trend coincident with a favorable northwest cross-cutting structure; Orient Gully, with gold anomalism coincident with a favorable northeast cross-cutting structure; and Ironclad Extended, with over 250m of anomalous gold trend extending north from the historical Ironclad workings, coincident with a favorable northwest cross-cutting structure. The Company notes that the semi-depleted nature of gold in the weathered profile near surface, observed at Vadrians, suggests the potential for higher-grade mineralization in the fresh rock below. The current reverse circulation (RC) drilling program at Vadrians will include follow-up on these newly generated AC targets, and additional AC drilling is being planned to test priority structural targets along the western side of the Island.

Reverse circulation and diamond drilling is already underway and will be expanded to test these newly defined targets, with the aim of delivering further high-grade discoveries and continuing to build scale across the Island Gold Project.