Caprice Resources (ASX: CRS)

Reported high-grade gold drilling results returned from the Island Gold Project, with drilling recommencing in the first week of January to complete the final 7,000 metres of the Phase 4 Drilling Programme.

Strong pipeline of assays to come commencing late January onwards.

 

 

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	Caprice Resources	ASX: CRS
	Stage	Exploration
	Metals	Gold
	Market cap	A$64 million  @A$0.9 c
	Location	Western Australia
	Website	www.capriceresources.com/

 

 

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CAPRICE RESOURCES \REPORT HIGH GRADES FROM ISLAND GOLD PROJECT DRILLING INCLUDING 19M AT 4.6 G/T GOLD

 

Caprice Resources Ltd (ASX: CRS) (Caprice or the Company) is pleased to report high-grade gold drilling results returned from the Island Gold Project (IGP, Island or the Project), with drilling recommencing in the first week of January to complete the final 7,000 metres of the Phase 4 Drilling Programme.

Strong laboratory pipeline, with assays pending for 10 diamond holes (including RC pre-collars) and 70 air core holes. These results are expected to begin returning from late January-early February onwards.

 

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HIGHLIGHTS

• Gold mineralisation at Vadrians now confirmed to at least 400m vertical depth and over 1,000m in strike with drilling delivering strong grade continuity, depth and strike
extensions across the gold system, as well as a new adjacent high-grade reef discovery.

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PHASE 4 SIGNIFICANT ASSAY RESULTS

Vadrians Infill:
4m at 30.6 g/t gold from 255m downhole in 25IGRC095D
19m at 4.6 g/t gold from 152m downhole in 25IGDD0006, including:
▪ 9m at 9.1 g/t gold from 153m downhole

Vadrians Depth Extension:
6m at 7.4 g/t gold from 317m downhole in 25IGRC028D, including:
▪ 2m at 19.9 g/t gold from 318m downhole

• Drilling recommenced in the first week of January, with approximately 1,000m of
diamond drilling and 6,000m of air core drilling remaining to complete the planned
20,000m Phase 4 Programme.

• In parallel, field exploration has commenced across the newly acquired Comet Project,
beginning with on-ground reconnaissance and mapping.

 

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Caprice MD, Luke Cox, commented:

“Starting 2026 with a great set of assay results, drilling restarting and record high gold price sets the scene for further success at the Island Gold Project and our wider Murchison Gold package.

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“With a strong volume of samples in the laboratory and further assays expected throughout the Quarter, we are positioned for a consistent period of results-driven activity.

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“In parallel, we have commenced field exploration at Comet, to develop this fantastic opportunity for further new gold discoveries alongside our core Island Gold growth strategy.”

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A one minute video highlights the project, please click here

 

To read the full news release please click HERE

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The latest Caprice share price and chart can be viewed HERE

 

.To View Caprice Resources’ historical news, please click here

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The live gold price can be found HERE

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Disclosure

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

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