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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Bibra, Frankopan | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/18/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 18-3-2019: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Bibra, Frankopan deposit at the Karlawinda project. Drilling results incl. 1m @ 66.77g/t Au from 112m. Capricorn’s Chairman, Mr Doug Jendry said: “There is excellent | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn’s Chairman, Mr Doug Jendry said: “There is excellent potential for resource growth around the Bibra Gold Deposit and significant potential to identify multiple new gold systems within the greater Karlawinda Gold Project area. The Board of Capricorn Metals is committed to ongoing investment in resource development and exploration to realise the potential of Bibra and the greater Karlawinda Gold Project area. These exciting exploration programs are expected to grow the resource inventory, test the potential of the larger Karlawinda Gold Project area and generate the next round of drilling targets” Capricorn Metals Ltd (ASX: CMM) (“Capricorn”) is pleased to advise that exploration programmes have commenced at its flagship 100%-owned Karlawinda Gold Project in WA (Figure 1). The new exploration programs are focused on the growth of the Karlawinda Gold Project Mineral Resource, currently 1,525,000 ounces1 of contained gold (see Table 1 and ASX announcement dated 29 May 2019 for details), generating the next round of exploration targets around the Bibra Resource, completing 240sqkm of aeromagnetics and testing of multiple geochemical anomalies over the greater Karlawinda Gold Project. | |
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