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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Portrush | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 9/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 28-9-2016: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Portrush deposit at the Karlawinda project. Drilling results incl. 17m @ 1g/t Au from 67m. 28th September 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise t | |
| Resources: | (Resource, Inf.): 25.5Mt @ 1.1g/t Au for 914000oz Au contained at Bibra | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | 28th September 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that it has discovered a significant new zone of shallow gold mineralization at the Portrush Prospect, the first exploration target to be tested as part of the current 60,000m at its 100%-owned Karlawinda Gold Project in WA. The Portrush Prospect is located in a near surface (28th September 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that it has discovered a significant new zone of shallow gold mineralization at the Portrush Prospect, the first exploration target to be tested as part of the current 60,000m at its 100%-owned Karlawinda Gold Project in WA. The Portrush Prospect is located in a near surface (<150m) position in the immediate hangingwall of the Bibra Gold Deposit, immediately west of the current open pit design and outside of the existing Mineral Resource inventory (see Figures 2 and 3). The Karlawinda Project is located near the town of Newman in the Pilbara region of Western Australia (Figure 1). Capricorn Metals is currently undertaking a fast-tracked Definitive Feasibility Study (“DFS”) on the large-scale Bibra gold resource. The DFS includes 60,000m of RC and diamond drilling designed both to increase the classification of the resource and to expand the resource. The Inferred Resource for the Bibra Gold Deposit currently stands at 25.5Mt @ 1.1g/t Au for 914,000oz (see Appendix 1 for details). | |
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