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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Bibra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/10/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-6-2016: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Bibra deposit at the Karlawinda project. Drilling results incl. 22m @ 1.36g/t Au from 178m. 10th June 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that | |
| Resources: | (Resource, Inf.): 18Mt @ 1.1g/t Au for 650800oz Au contained | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | 10th June 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that final results have now been returned from the recently completed 47-hole resource expansion drilling program at the Bibra Gold Deposit, part of its 100%-owned Karlawinda Gold Project in WA’s Pilbara (Figure 1). The last five drill holes of the program all intersected significant mineralisation, confirming that the mineralisation extends for at least 200m beyond the limits of previous drilling. These latest assays, combined with the previously announced results, confirm significant extensions to the Bibra deposit, putting Capricorn firmly on track to deliver a significant upgrade to the JORC resource estimate for the Bibra deposit in June. The Karlawinda Gold Project is located in the Pilbara region, 65km south-east of Newman in WA, within the Archaean aged Sylvania Dome Inlier (Figure 1). Karlawinda is an advanced gold project which includes the Bibra deposit and numerous outstanding exploration targets including the Francopan prospect. | |
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