Caprice Resources (ASX:CRS) Reports Strong March 2025 Quarter with High-Grade Gold Hits at Island Gold Project
Caprice Resources (ASX:CRS) has delivered an impressive March 2025 quarterly report, underscoring significant exploration success at its Island Gold Project in Western Australia's Murchison Goldfields. The company’s efforts have revealed high-grade gold intercepts, new discoveries, and a strong cash position to drive future exploration.
🔍 Key Highlights:
41 RC drill holes completed, totalling 4,763 metres
Outstanding assay results reaching up to 34.9g/t gold
Thick, stacked gold zones remain open in all directions
New discovery zone identified 250m south of Vadrians
⛏️ Notable Drill Intersections:
28m @ 6.4g/t gold, including 4m @ 16.4g/t
22m @ 2.3g/t, with 2m @ 14.1g/t
11m @ 6.7g/t from just 1m downhole
10m @ 3.0g/t, including 4m @ 6.2g/t
💼 Corporate & Strategic Developments:
Raised $2.3 million+ from early option conversions
Entered a $1 million drill-for-equity deal with Topdrill
Welcomed seasoned geologist Rob Waugh as Non-Executive Chair
Commenced Phase 3 drilling campaign (5,000m) – assay results expected June 2025
Maintained a robust cash balance of $2.66 million as of 31 March 2025
🔭 Growth Pipeline:
Over 30 untested structural targets identified
Two new tenement applications lodged to double the project footprint
Active fieldwork ongoing at Cuddingwarra, with permits advancing at West Arunta
📈 Investor Outlook:
Caprice shares (ASX:CRS) are trading at $0.052, reflecting increased investor optimism driven by strong exploration results and strategic financial positioning. With drilling well underway and multiple high-impact targets, Caprice is shaping up as a serious exploration contender in WA’s mineral-rich terrain.
The company isn’t just uncovering gold—it’s building a multi-commodity platform, targeting gold, rare earths (REEs), and critical minerals across Western Australia. With experienced leadership, a strong balance sheet, and an aggressive exploration roadmap, Caprice is well-positioned for long-term value creation.
High grades, smart strategy, and solid cash reserves—Caprice is moving full speed ahead.
📄 Read the full announcement: https://colitco.com/caprice-ramps-up-exploration-gold-hits/
Disclaimer: This is not financial advice. Please do your own research before investing.









