For thousands of other reports visit RSC's Mineral Intellingence Map
Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Southern Corridor | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-10-2016: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Southern Corridor deposit at the Karlawinda project. Drilling results incl. 12m @ 1.37g/t Au from 117m. 20th October 2016: Capricorn Metals Ltd (ASX: CMM) is pleased | |
| Resources: | (Resource, Inf.): 25.5Mt @ 1.1g/t Au for 914000oz Au contained at Bibra | |
| CP/QP: | [Overall Report]: Peter Langworthy (Internal) | |
| ABSTRACT: | 20th October 2016: Capricorn Metals Ltd (ASX: CMM) is pleased to advise that it has discovered what is believed to be a significant new zone of gold mineralization at the Southern Corridor Prospect at its 100%- owned Karlawinda Gold Project in Western Australia. The Southern Corridor is located immediately along strike to the south of the Bibra Gold Deposit, and is within 400 metres of the planned open pit development. This area is not currently part of the Mineral Resource inventory (see Figures 2 and 3). The new zone was discovered during the ongoing 60,000m in-fill and extensional drilling program at Karlawinda, which forms a key part of the current Definitive Feasibility Study (DFS). Southern Corridor is one of several emerging near-mine prospects with potential to grow the gold inventory and further enhance the economics of the Karlawinda Project. The Karlawinda Gold 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). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report