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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Karlawinda | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/6/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 6-9-2016: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Karlawinda deposit at the Karlawinda project. Drilling results incl. 25m @ 1.25g/t Au from 89m. 6th September 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advis | |
| Resources: | (Resource, Inf.): 25.5Mt @ 1.1g/t Au for 914000oz Au contained at Bibra | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | 6th September 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that it has made excellent progress with the recently commenced 60,000m in-fill and exploration drilling programme at its 100%-owned Karlawinda Gold Project, with the program already more than 25 per cent complete and the first batches of assay results received. The results to date have been very encouraging, confirming the strong continuity of mineralisation within the existing resource and identifying potential extensions to the mineralisation outside of the resource boundary. Drilling has also been completed at the first two exploration targets to be tested as part of the current program. Visible sulphides have been recorded in these holes, with assays currently awaited. Sulphides are normally associated with gold mineralisation at the Karlawinda Project. Karlawinda is an advanced gold project located near the town of Newman in the Pilbara region of WA (Figure 1). The Project includes the Bibra deposit and numerous outstanding exploration targets including the Francopan prospect. Gold mineralisation has been reported in all drill-holes completed to date in the current programme, including some particularly significant mineralisation not included in the current (June 2016) resource estimate. | |
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