Capricorn Metals Limited has issued the results of its exploration efforts at the Karlawinda Gold Project (KGP) and the Mt Gibson Gold Project, recording strong results at both sites.
According to the company, reverse circulation (RC) drilling at Karlawinda’s newly identified Berwick prospect has detected near surface gold mineralisation over a 500 m strike length.
Drilling on the unmined S2, Lexington Waste Dump and Orion North trends continue to define zones of high-grade mineralisation within and outside the updated 2022 resource shell.
Capricorn said regional air core (AC) drilling programs at the Outlaw prospect within the Highway/McDonalds area commenced during the reporting period, with 486 holes for 12,838 m completed.
A 15,000 m first-pass AC drilling program is set to commence across the broader KGP tenement package with drilling planned at the newly defined Carrot Hill, Donomore and Jamie Well East Prospects.
Infill drilling will also be completed at Jamie Well and Forfar to follow up on anomalous gold and pathfinder results from 2022 drilling.
Capricorn is now conducting a 5,000 m infill and extensional RC drilling program to follow up on the positive results.
Meanwhile, exploration activities at Mt Gibson focused on progressing the extensional and infill resource drilling the commenced in January 2022.
One RC rig continued during the March 2023 quarter, completing 9,785 m of drilling, taking the total RC drilling to date to 130,607 m across 784 holes.
Assays have now been received from the first 762 holes from the project’s resource definition drilling, with the company saying that assays received since the last update continue to return very encouraging results.
Results of the additional drilling will form the basis to update the 2.76 million ounce Mineral Resource Estimate targeted for completion in the June quarter.
