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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Bibra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/19/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 19-4-2018: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Bibra deposit at the Karlawinda project. Drilling results incl. 33m @ 1.42g/t Au from 697m. Capricorn’s Executive Chairman, Heath Hellewell, said: “This was a bold an | |
| Resources: | (Resource, Total): 38.3Mt @ 1.1g/t Au for 1.326Moz contained at Bibra | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn’s Executive Chairman, Heath Hellewell, said: “This was a bold and exciting exploration initiative by Capricorn Metals to test the potential of the large-scale gold system at Bibra and establish whether larger zones of higher grade mineralisation occur at depth beneath our planned open pit mine. “The results from the drill-hole, which targeted potential down-dip extensions of the mineralisation 1km to the west of the 1.3Moz Bibra deposit, have confirmed that the Bibra Gold System is a very large-scale gold deposit with significant growth potential. Importantly, within this large system high grade zones of significant tonnages represent exciting future exploration targets. “I would like to acknowledge the important role played by the WA Government’s Exploration Incentive Scheme in supporting frontier-style exploration initiatives, which will help to unlock the next major discoveries which are so urgently needed in the gold sector in Australia.” | |
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