Caprice Resources Intensifies Exploration at Island Gold Project

February 02, 2025 11:00 AM AEDT | By Team Kalkine Media

Caprice Resources Intensifies Exploration at Island Gold Project — Image source: Shutterstock

Pursuing High-Grade Gold Targets

With an impressive gold endowment of over 15 million ounces, the Murchison region holds significant potential. Caprice has embarked on a substantial 5000-meter drilling program aimed at tapping into this potential with 30 planned holes targeting prominent high-grade structures. These structures are analogous to the well-known Break of Day deposit, relatively close to the Islands site, which is recognized for its outstanding gold quality.

Proximity and Historical Workings

Just 12 kilometers from the prosperous Cue project owned by Ramelius Resources (ASX:RMS), the Island project is strategically positioned within trucking distance of major gold processing facilities offering promising toll treatment possibilities. Historical data suggest strong gold prospects with previous workings yielding 54,000 ounces at 43.2g/t. Caprice is confident in the capacity to extend these mineralizations well beyond the shallow depths of past explorations.

Anticipated Results and Future Prospects

Anticipation builds as assay results for previously drilled sections are expected soon. Early indications highlight potential high-yield gold intercepts, such as notable findings of 24 meters at 6.8g/t and significant other hits that reinforce optimistic projections. Work has commenced on resource estimation with 3D modeling to enhance targeted drilling efforts, addressing both surface and deeper prospects.

Strategic Pathway Forward

This drilling initiative represents a single facet of Caprice Resources’ broader three-tier development strategy in the Murchison region. Concurrently, strategic planning progresses at the Cuddingwarra project, and further development studies focus on the New Orient gold mine, projecting a robust start to the campaign.

Overall, the Island project offers not only rich historic gold prospects but a promising future with Caprice’s dedicated exploration activities and strategic plans firmly underway, potentially unlocking substantial opportunities within the thriving gold sector.

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