#murchisongoldfields

Caprice Resources (ASX:CRS) has wrapped up a stellar March quarter at its flagship Island Gold Project in the Murchison Goldfields, WA – delivering high-grade gold intercepts, a strategic cash position, and major exploration progress.

Quarterly Highlights: ⛏️ 41 RC holes drilled (4,763m total)

✨ Exceptional assays up to 34.9g/t gold ⛓️ Multiple thick, stacked gold zones still open in all directions ⭐ New discovery 250m south of Vadrians

Standout Drill Hits:

28m @ 6.4g/t incl. 4m @ 16.4g/t

22m @ 2.3g/t incl. 2m @ 14.1g/t

11m @ 6.7g/t from just 1m downhole

10m @ 3.0g/t incl. 4m @ 6.2g/t

Corporate & Strategic Progress:

💰 $2.3M+ raised through early option exercises 🤝 Secured a $1M drill-for-equity agreement with Topdrill ⭐ Appointed experienced explorer Rob Waugh as Non-Executive Chair ⚒️ Phase 3 Drilling (5,000m) underway – assays expected June 2025 💼 $2.66M cash in the bank as at 31 March 2025 – strong position to fund aggressive exploration

Forward Momentum:

30+ untested structural targets identified

Two new tenement applications to double project area

Fieldwork at Cuddingwarra & permits progressing at West Arunta

Investor’s Outlook:

Caprice Resources (ASX:CRS) is currently trading at $0.052, reflecting growing investor confidence following its latest high-grade gold hits and strategic funding milestones. With a market-moving pipeline of exploration activity and strong cash reserves, Caprice continues to position itself as a serious contender in WA’s resource-rich landscape. The ongoing Phase 3 drilling campaign and upcoming assay results are likely to provide further catalysts for shareholder value.

Big grades, strong leadership, solid cash – Caprice is charging ahead!

🔗 Read the full announcement: https://api.investi.com.au/api/announcements/crs/8054321d-d71.pdf

Caprice Resources (ASX: CRS) is pleased to provide its December 2024 Quarterly Activities Report, featuring key progress on its gold and copper exploration projects.

Key Highlights:

🔶 Gold Development Focus – Murchison Goldfields

Island Gold Project: Exploration Target generated for New Orient Gold Mine and Island Gold Mine on granted Mining Leases. Historical production of 54,000 ounces of gold at 43.2g/t gold.

RC Drilling Program: A 5,000m reverse circulation drilling program commenced mid-December 2024 to explore gold mineralisation along strike and at depth.

Previous significant drill intercepts include:

24m at 6.8g/t Au from 24m, including 4m at 19.0g/t Au

10m at 16.1g/t Au from 104m, including 6m at 26.1g/t Au

5m at 18.0g/t Au from 78m, including 1m at 85.1g/t Au

🔶 Cuddingwarra Project

Ground truthing of 10 high-priority gold targets identified from aeromagnetic surveys revealed visible gold at CUD-GPX01.

Extensive quartz reefs found, similar to high-grade Murchison gold deposits such as Ramelius Resources’ Hill 50.

10km of prospective strike in the Cuddingwarra mineralised greenstone corridor.

🔶 West Arunta Project – World-Class Discovery Potential

Expansion to ~2,000km² via acquisition of Rio Tinto tenement.

Planned expanded aerial magnetic survey to further generate exploration targets.

Land Access Agreement signed with Tjamu Tjamu (RNTBC).

🔶 Successful Capital Raise

Raised $2.5 million through a strongly supported placement to fund discovery programmes.

Investor Outlook:

Caprice Resources, with a share price of $0.02, is advancing significantly with its gold and copper exploration projects. With strategic expansions in the Murchison Goldfields and West Arunta regions, and a commitment to further exploration and development, Caprice is well-positioned to deliver substantial growth in 2025. The Company’s ongoing drilling programs, increased ground holdings, and investor-backed funding enhance its prospects for strong returns in the near future.

Read More - https://api.investi.com.au/api/announcements/crs/f54ec48e-674.pdf