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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Bibra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-12-2016: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Bibra deposit at the Karlawinda project. Drilling results incl. 33m @ 2.02g/t Au from 199m. 20th December 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise | |
| Resources: | (Resource, Inf.): 25.5Mt @ 1.1g/t Au for 914000oz Au contained at Bibra | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | 20th December 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that resource drilling at the Bibra Gold Deposit at its 100%-owned Karlawinda Gold Project near Newman in WA (Figure 1) has intersected a number of zones that are expected to contribute significantly to the growth of the resource. Capricorn’s Managing Director, Mr Peter Thompson, said that with an increasing volume of assay results now flowing from the recent drilling, the potential to significantly expand the Bibra Resource was clearly being established, together with the significant potential for higher grade resource ounces. “Assay results are now really flowing in from the laboratory and we are getting a much clearer picture of the quality of the Bibra resource and the overall scale and potential upside to the mineralized system. Our view has always been that the program of in-fill drilling would highlight key zones with higher grades and likely resource growth within the deposit – and this is certainly proving to be the case. “We still require additional results to be returned in these two areas but we are hopeful that they will add to the overall resource when we undertake the new estimation early next year.” | |
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