Caprice Resources (ASX:CRS) steps up Vadrians momentum with 5,000m RC drilling programme

Caprice Resources has commenced an immediate follow-up reverse circulation drilling programme at its Vadrians prospect within the Island Gold Project in Western Australia, moving quickly to build on recent high-grade results and extend mineralisation along strike and at depth.

Highlights

• Approximately 5,000m of RC drilling now underway at Vadrians.

• Programme targeting northern strike extensions and depth continuity beneath recent high-grade intersections.

• Focus on southern depth extensions of mineralisation to ~350m ahead of a planned diamond drilling campaign.

• Outstanding assays pending from 160 air core holes across a broader 5km mineralised BIF horizon.

• Results also awaited from five diamond holes testing Vadrians depth extensions.

The current programme follows earlier drilling that returned 9m @ 7.3g/t gold in hole 25IGRC091 and 10m @ 11.7g/t gold in hole 25IGRC042, providing the technical foundation for the next phase of systematic delineation at Vadrians.

The RC campaign is designed to follow up northern strike extensions of the high-grade gold lode while also testing depth and strike continuity beneath these intersections, with collars being established to enable efficient deeper diamond drilling once RC activities are completed.

Managing Director Luke Cox said the programme represents a critical step in advancing the gold system, noting that

“the commencement of this RC drilling programme is the next important step in the systematic delineation of the Vadrians gold system. The programme has been designed to directly test extensions of known high-grade gold lodes along strike to the north while also establishing key pre-collars to enable efficient follow-up deep drilling with a diamond rig.”

Beyond Vadrians, Caprice is awaiting assay results from 160 air core holes drilled to average depths of 20m to 50m across a broader 5km mineralised banded iron formation horizon within the Island Gold Project.

These results are expected to inform a potentially larger drilling programme, with the aim of vectoring in on identified targets that may represent analogues to the emerging Vadrians deposit.

Assays also remain outstanding for five diamond holes targeting depth extensions at Vadrians, adding further near-term technical data to the exploration pipeline.

The Island Gold Project is located in the Murchison goldfields of Western Australia and hosts extensive high-grade gold mineralisation across a five-kilometre corridor.

Caprice’s landholding sits within 50km of several consolidated mining and processing hubs, providing established regional context as the company advances drilling towards a maiden Mineral Resource Estimate.

The exploration strategy combines RC drilling, diamond drilling and broader air core coverage to assess both local continuity at Vadrians and regional potential across the wider project area.

In parallel, Caprice is progressing exploration at its Chobe Project in the West Arunta, an emerging mineral province that has already delivered niobium and rare earth element carbonatite discoveries by peers.

The company holds approximately 1,500km² in the region, positioning it among the larger ASX-listed landholders in this frontier setting.

For investors, the current drilling marks a transition from early-stage discovery towards definition, with multiple workstreams now active across Caprice’s Western Australian portfolio.

The immediate focus remains on extending and validating mineralisation at Vadrians, while regional air core results may help prioritise additional targets along the broader corridor.

As assays are received and RC drilling advances towards planned depth limits ahead of diamond follow-up, Caprice continues to progress the Island Gold Project through its next phase of technical evaluation, maintaining exploration momentum in an established gold district while advancing parallel work in the West Arunta.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.