Modern exploration boosts historic potential

Caprice Resources is using modern exploration techniques to develop its diverse portfolio of projects, which all include historical high grades across a range of commodities.

One could argue that these projects have been screaming out for attention from modern-day explorers, which has been advantageous for Caprice Resources.

A prime example is Caprice Resources’ Northampton polymetallic project, located in the Northampton mineral field of Western Australia – a historical mining area with over 100 years of base metals mining; however, it has seen minimal on-ground exploration in the past 50 years.

Caprice ended that run with a maiden reverse circulation drill program at the Lady Sampson prospect,  which delineated anomalism and mineralisation over at least 1000 metres.

This was quickly followed up by a phase two drill program of 11 reverse circulation holes for 1010 metres that continued to deliver good results, encountering multiple intersections with healthy grades and widths.

Drilling at Lady Sampson returned excellent base metals results, including:

seven metres at 4.4 per cent lead, 1.6 per cent zinc and 3.7 grams per tonne of silver from 26 metres, including two metres at 7.7 per cent lead, one per cent zinc and 4.6 grams per tonne of silver from 28 metres

15 metres at 1.5 per cent lead, 0.2 per cent zinc and one gram per tonne of silver from 27 metres, including one metre at 4.6 per cent lead, 3.1 per cent zinc and 9.9 grams per tonne of silver from 27 metres.

This drilling extended the prospect’s higher-grade zone by another 100 metres to the south and remains open, making it a key focus for follow-up drilling.

‘Lady Sampson is a big area where we have a few different mineralising concepts that we want to test in due course,’ says Caprice Resources Managing Director Andrew Muir.

‘There is quite a lot of potential here in an area that hasn’t been looked at for a long period of time.’

‘Potential’ is currently a buzzword with Caprice, which was on display as the company advanced exploration of its Mukinbudin rare earth element project in Western Australia.

Caprice is beginning to understand the rare earth element potential of the project after recent sampling tested three areas in the southern half of the tenement.

The result was delineation of a large 300-metre-long soil anomaly on an area called QC2, within a total strike length of approximately 1.5 kilometres.

The anomaly is at least 300 metres long, with both rock chips and soil samples elevated in rare earth elements of up to 3761 parts per million of rare earth oxides that remains open along strike.

‘To date, we have only explored 20 per cent of the 380 square kilometres of the project,’ Muir explains.

‘This means our initial exploration work not only confirmed its prospectivity, but it also – by sampling only three specific targets – identified elevated rare earth elements.

‘The highly encouraging results justify further assessment of QC2 to identify drill targets, as well as further exploration in other parts of the project.’ 

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