Caprice Resources Ltd (ASX:CRS) CEO Luke Cox talked with Proactive’s Tylah Tully about the company’s ongoing exploration and development activities at its Murchison Gold Project in Western Australia.
Cox shared updates on key pillars of the company’s work: mapping quartz reefs at Cuddingwarra, resource extension drilling at the Island Gold Project, and upgrading resources at the New Orient Gold Line to JORC 2012 standards.
“We’ve identified visible gold in quartz reefs during mapping at Cuddingwarra, and we’re targeting deeper mineralisation at Island Gold using modern techniques,” Cox explained.
The Island Gold Project, which historically produced 50,000 ounces of shallow high-grade gold, holds promise for further discoveries. Meanwhile, the New Orient Gold Line resource upgrade aims to enhance its commercial potential.
In addition to the focus on gold, Caprice plans to explore its expansive West Arunta landholding in 2025, targeting rare earths, gold and copper in this underexplored region.
A geophysical survey is scheduled for March or April to kick start exploration there.