Caprice Resources Ltd (ASX:CRS) (FRA:C3F) has started reverse circulation (RC) drilling at the Island Gold Project in Western Australia, initially focusing on the New Orient and Baxters deposits to target extensions of high-grade gold mineralisation.
The program will comprise 30 RC holes across both deposits for a total of around 4,400 metres of drilling with additional holes planned at Ironclad and Vadrians Hill prospects.
First drill program for 2021
The program aims to follow-up several high-grade trends identified in last year’s exploration results.
Caprice executive director Scott Patrizi said: “We are extremely excited to commence our first drill program for 2021 at the Island Gold Project, following the highly successful maiden drilling program completed in 2020 that resulted in the significant extensions of high-grade mineralisation at New Orient and Baxters.”
New Orient prospect
Caprice has confirmed New Orient as a high priority target, with this drilling program designed to test the southern extensions to the high-grade shoot that recently intersected 3 metres at 32.6 g/t from 129 metres – the company’s deepest result to-date
Previous results from historical drilling and from the 2020 program include:
- 11 metres at 14.9 g/t from 77 metres;
- 15 metres at 10.5 g/t from 75 metres;
- 10 metres at 10.99 g/t from 67 metres; and
- 24 metres at 6.8 g/t from 24 metres.
The company is scheduled to complete a total of 12 holes across New Orient for around 1,900 metres of RC drilling.
RC drilling will also test for shallow near-surface extensions in the north of the deposit and depth extension in the core of the deposit.
New Orient Plan View illustrating historical intercepts and planned drill hole locations.
Baxters deposit
Last year Caprice defined high-grade gold mineralisation over 200 metres in strike at Baxters deposit.
Results included:
- 7 metres at 5.6 g/t from 82 metres including 2 metres at 10 g/t from 84 metres; and
- 11 metres at 3.1 g/t from 46 metres including 2 metres at 10.1 g/t from 54 metres.
A total of 18 holes are scheduled to be completed at Baxters for around 2,500 metres of RC drilling to the north of the current drilling where northern plunging mineralisation remains open and untested at depth.
In addition, several holes are planned near existing intercepts to further define the geometry and continuity of mineralisation.