Capricorn Metals announces discovery of new, high-grade structure
JOHANNESBURG (miningweekly.com) – Australian junior gold miner Capricorn Metals has confirmed the presence of a new, high-grade mineralised structure in the immediate footwall of the Bibra gold deposit at its 100%-owned Karlawinda gold project, in Western Australia.
Capricorn MD Peter Thompson said on Monday that a recently completed reverse circulation drill hole was drilled to a depth of 209 m to test the up-dip extension of a high-grade intersection returned in previous drilling by diversified mining and exploration company Independence Group.
One hole intersected 9.3 g/t of gold over 2 m, at 218 m below surface, while the second hole intersected 4 g/t of gold over 2 m, from 162 m below surface.
Thompson said the latest drilling results demonstrated the “outstanding exploration upside” at Karlawinda, including the significant potential to discover high-grade gold mineralisation.
“The presence of multiple stacked gold lodes is a real positive for any emerging gold project and the recent drilling clearly shows that we have a large-scale gold system with the opportunity to target high-grade zones that could add significant value to the project.
“As we continue to explore around our flagship Bibra resource and across the wider Karlawinda project, we will continue to improve our understanding of the controls on and distribution of the mineralisation, and we are confident that this will lead to additional quality discoveries,” he concluded.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation