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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Tramore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/1/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 1-7-2019: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Tramore deposit at the Karlawinda project. Drilling results incl. 12m @ 3.13g/t Au from 106m. Capricorn Metals Ltd (ASX: CMM) (“Capricorn”) is pleased to provide the f | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn Metals Ltd (ASX: CMM) (“Capricorn”) is pleased to provide the following update in relation to recent activities. Gold mineralisation at the Tramore Prospect (Tramore) is defined over a strike length of approximately 450m, ranges in thickness between 10m and 20m, dips at approximately 25° and is open at depth. Tramore is the most advanced prospect not currently in the Karlawinda Gold Project resource inventory and is interpreted to be the along-strike continuation of the main Bibra mineralisation. An RC drill program at Tramore, commenced during May, to extend the current drilling grid to 50m x 50m (Figure 1) targeting sufficient sample coverage to support an indicated resource category estimation. Previous drill results at Tramore have provided strong support for increasing the resource inventory at the Karlawinda Gold Project. Approximately 4,000 metres of drilling has been completed out of the planned 7,500 metres. Drilling to date has been completed in the lower grade northern and southern areas of the prospect and the rig is now progressing into the higher-grade central area (Figure 1). | |
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