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Capricorn Metals Ltd.
Summary
| Project: | Karlawinda | |
|---|---|---|
| Deposit: | Tramore | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/20/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 20-8-2018: Capricorn Metals Ltd. announces an Exploration/Drilling Update report for its Tramore deposit at the Karlawinda project. Drilling results incl. 12m @ 2.54g/t Au from 129m. Capricorn’s Executive Chairman, Heath Hellewell, said: “This next round | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Micheal Martin (Internal) | |
| ABSTRACT: | Capricorn’s Executive Chairman, Heath Hellewell, said: “This next round of follow-up drilling at Tramore has delivered exactly the results we were hoping for. These results build further on the exciting results from Tramore announced back in March, confirming the presence of a significant zone of shallow gold mineralisation located right next to the proposed open pit at Bibra It now seems very likely that mineralisation at Tramore will increase the mine life at Karlawinda.” Capricorn Metals Ltd (ASX: CMM) is pleased to advise that follow-up Reverse Circulation drilling at the Tramore Prospect, located immediately south of the 1.5Moz Bibra deposit at its 100%-owned Karlawinda Gold project in WA’s Pilbara, has returned highly encouraging results. A further nine RC drill-holes (for a total of 1,444m) have recently been completed at Karlawinda as part of a broader near-mine exploration drilling program. Assay results have been received, with the holes returning several new broad intercepts of strong mineralisation which confirm the continuity of an extensive zone of shallow gold mineralisation at Tramore. This recent drilling has confirmed the continuity of mineralisation at the Tramore Prospect which is now defined over a strike length of approximately 450m, a current down dip extent of 250m and to a vertical depth of 150m below surface, Tramore remains open at depth. | |
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