Caprice Resources (ASX: CRS)

Reported further reverse circulation and diamond drilling results from the Island Gold Project.

RC hole 25IGRC091 intersected 9m at 7.3 g/t gold from 148m downhole at the
northern end of the Vadrians system.

 

 

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	Caprice Resources	ASX: CRS
	Stage	Exploration
	Metals	Gold
	Market cap	A$58 million  @A$0.83 c
	Location	Western Australia
	Website	www.capriceresources.com/

 

 

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CAPRICE RESOURCES DRILLING CONFIRMS EXTENSIONS TO HIGH-GRADE GOLD AT VADRIANS

 

 

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Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report further reverse circulation (RC) and diamond drilling results from the Island Gold Project (IGP, Island or the Project).

 

RC hole 25IGRC091 intersected 9m at 7.3 g/t gold from 148m downhole at the
northern end of the Vadrians system, delivering a significant extension of +80m to the
emerging high-grade gold lode of greater than 50-gram metres with the prospect of continued extensions.

This adds significant strike to the growing higher-grade core situated within the broader
Vadrians system which is now defined over 1,000m of strike to a depth of approximately 400 metres. Vadrians remains open in most directions highlighting the continued scale and growth of this high-grade gold system, demonstrating zones of much higher-grade
mineralisation occurring within the overall Vadrians system.

 

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HIGHLIGHTS

• Phase 4 diamond drilling at Vadrians extends high-grade gold mineralisation to more
than 1,000m of strike and to at least 400m vertical depth.
• New adjacent high-grade quartz reef discovery identified in the Vadrians footwall,
opening up an additional higher grade growth target within the broader Vadrians
system.
• Significant results from the current batch of assay results include: – 9m at 7.3 g/t gold from 148m downhole in 25IGRC091 (Vadrians Lode Extension) – 7m at 5.1 g/t gold from 297m downhole in 25IGRC097D (Vadrians Deep) – 3.5m at 6.7 g/t gold from 243m downhole in 25IGRC096D (Vadrians Continuity) – 1.0m at 9.5 g/t gold from 243m downhole in 25IGRC096D (Vadrians Footwall)
• Phase 4 drilling programme is now complete, with assays still pending for five (5)
diamond holes (including RC pre-collars) and 160 air core (AC) holes. Results are
expected to be received in batches through February and March 2026.
• AC holes have been drilled across numerous target domains within the broader 5km IGP
strike horizon with the intention to delineate additional discovery targets which can be
rapidly followed up with further RC drilling.
• Follow up RC drilling targeting further Vadrians growth in both the northern strike
extensions and additional depth extensions scheduled to commence this month.

 

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Caprice MD, Luke Cox, commented:

“We can now see a significant increase in high-grade gold mineralisation across Vadrians, with meaningful strike extensions to the north and growing confidence in gold continuity at depth.

 

“Vadrians continues to prove up quite nicely and, importantly, it is just one of several gold mineralised prospects and targets across the broader Island Gold corridor.

 

“With a high volume of samples currently in the laboratory and further assay results expected throughout the quarter as well as further drilling, Caprice is entering a sustained period of results driven activity. I

 

 

“In parallel, field exploration has commenced at Comet, providing an exciting opportunity to deliver additional new gold discoveries alongside our core Island Gold growth strategy.”

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To read the full news release please click HERE

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Disclosure

At the time of writing the author holds shares in Caprice Resources

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