Revolutionary Gold Findings at Caprice Resources' Island Gold Project
Gold exploration is heating up in Western Australia, and Caprice Resources Ltd (ASX: CRS) has taken centre stage. The latest episode of Chieftain Chatter (Season 5, Episode 159) features an engaging conversation with Luke Cox, CEO of Caprice Resources, discussing the Company’s impressive gold hits at the Island Gold Project.
Advancements in the Island Gold Project
The Island Gold Project is located just 60km from Mt Magnet, near Break of Day, a gold deposit recently acquired by Ramelius Resources (ASX: RMS). Luke Cox, who joined Caprice in August, wasted no time in evaluating the project’s potential. He identified promising geological structures, including banded iron formations and brecciated quartz veins, and launched an initial 10-hole drill program before Christmas.
The early drill results have been highly encouraging, revealing significant gold mineralization across multiple zones. According to Cox, these findings validate the company’s geological model and highlight the prospectivity of the region. The discovery of high-grade gold intersections has bolstered investor confidence and reinforced Caprice’s strategy of targeting underexplored yet highly prospective tenements.