Gold System Growth Continues Across Island Gold Project
| Stock | Caprice Resources Ltd (CRS.ASX) |
|---|---|
| Release Time | 13 Jul 2026, 8:24 a.m. |
| Price Sensitive | Yes |
Caprice Resources Announces Continued Gold System Growth at Island Gold Project
- Further gold intersections validate multi-lode system
- Significant results from Vadrians, Baxter, and Golconda
- Mafic-hosted quartz veins highlight additional exploration potential
Caprice Resources Ltd (ASX: CRS) has reported further results from the Island Gold Project in the Murchison region of Western Australia, highlighting the emergence of a broader, multi-lode gold system. The company has intersected gold in multiple areas, including Vadrians, Baxter, Golconda, and newly recognized mafic-hosted quartz veins. Mineralization is not confined to the main Vadrians trend or BIF units, with mafic-hosted quartz veins indicating additional exploration potential. Key highlights include 7.0m at 15.4 g/t gold from 268m downhole in Vadrians, 7m at 10.0 g/t gold from 119m downhole in Baxter, and 4m at 3.1 g/t gold from 84m downhole in Golconda. The recognition of mafic-hosted quartz-vein gold provides an additional exploration search space. The ongoing drilling program aims to define a maiden Mineral Resource Estimate and test new high-priority targets.
Caprice Resources expects ongoing drilling to provide further information on the continuity, geometry, and controls of mineralization across the Island Gold System, contributing to the Company's objective of defining a maiden Mineral Resource Estimate.