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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Tramore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 20-3-2018: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Tramore deposit at the Karlawinda project. Drilling results incl. 34m @ 1.07g/t Au from 41m. Capricorn Metals Ltd (ASX: CMM) is pleased to advise that recent Reverse | |
| Resources: | (Resource, Total): 38.3Mt @ 1.1g/t Au for 1.326Moz contained at Bibra | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn Metals Ltd (ASX: CMM) is pleased to advise that recent Reverse Circulation drilling has confirmed that the Tramore Prospect, located approximately 100m south of the current 1.3 million ounce1 Bibra Gold Deposit at the 100%-owned Karlawinda Gold Project located in Western Australia, is continuing to emerge as a highly significant new near-mine gold discovery. Drilling has now confirmed the presence of mineralisation over a strike length of at least 450m to a minimum depth of 100m below surface at the Tramore Prospect. Capricorn is maintaining an active exploration and resource definition program at Karlawinda, as the Company continues to progress its project development and optimisation programs. Capricorn’s Executive Chairman, Heath Hellewell, said: “Tramore is shaping up as a really exciting nearmine discovery at Karlawinda, with recent drilling encountering wide zones of strong gold mineralisation directly along strike to the south of the current 1.3Moz resource envelope.” “The width and extent of the mineralisation, combined with the presence of higher grade zones above 2g/t, all bode well for this new discovery. Tramore is large scale mineralised structure and there is plenty of room for another zone of comparable scale to the main Bibra footwall lode. “The scale of the opportunity at Karlawinda continues to grow with each drilling program, and we intend to pursue the emerging opportunity at Tramore aggressively, in parallel with our other exploration programs.” | |
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