• Outstanding shallow intercept confirms a new high-grade lode parallel to Vadrians
• Mineralisation highlighting potential beneath weathered depletion zone
• Significant results include 22m at 66.2 g/t gold, including 8m at 181 g/t gold

Caprice Resources Ltd (ASX: CRS) is pleased to report exceptional shallow gold mineralisation from ongoing drilling at the Island Gold Project (IGP), with latest results defining a new high-grade zone located ~120 meters parallel to the primary Vadrians lode. Reverse circulation (RC) hole 26IGRC010 intersected 22m at 66.2 g/t gold, including 8m at 181 g/t gold from just 42m downhole, defining the highest-grade intercept returned to date at the Island. The new mineralisation sits beneath a weathered depletion zone, validating the broader exploration model that low-level air core gold anomalism may overlie materially higher-grade mineralisation in transition and fresh rock. Drilling to date has confirmed strong grade continuity within the main Vadrians BIF, extended mineralisation into parallel lodes and structural repeats, and expanded the high-grade domain along strike and at depth. The Company continues its active 50,000m drilling program, aimed at defining a maiden Mineral Resource Estimate, with immediate follow-up of the high-grade intercept in hole 26IGRC0010 currently being planned.

The Company continues its active 50,000m drilling program, aimed at defining a maiden Mineral Resource Estimate.

With a 50,000m drill programme underway and multiple high-priority targets emerging, the Island Gold Project is entering a phase of discovery and growth, with strong potential to deliver continued expansion in both grade and overall mineralised footprint ahead of delivering of a maiden Mineral Resource Estimate.