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Caprice Resources Limited (ASX:CRS)

ALERT: Price-sensitive ASX Announcement for CRS
Current share price for CRS : $0.089 0.01 (12.66%)+
Announcement
Release
23 Mar 2026 9:50AM
Price at Release
$0.079
Full Release
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Summary
Caprice Resources Limited has initiated a substantial 50,000-meter multi-rig drilling campaign across its Murchison Gold Projects in Western Australia, primarily focusing on the Island Gold Project. This significant exploration effort aims to enhance resource growth, identify high-grade extensions, and discover new mineral deposits, supporting the company's goal to establish a maiden Mineral Resource Estimate. The program, backed by a robust cash position of around $14 million, involves multiple drilling methods—reverse circulation, diamond, and air core—to ensure systematic project advancement. This campaign marks a transformative phase for Caprice Resources as it seeks to unlock the potential of its underexplored gold corridors.
Key Points
  • Caprice Resources Limited has commenced a major 50,000m multi-rig drilling campaign.
  • The drilling campaign focuses on the Murchison Gold Projects in Western Australia.
  • The program aims to target resource growth, high-grade extensions, and new discoveries.
  • A strong cash position of approximately $14 million supports accelerated exploration activities.
  • The Island Gold Project is the primary focus of the drilling, looking to advance towards a maiden Mineral Resource Estimate.
  • The campaign will utilize reverse circulation, diamond, and air core drilling methods.
  • The drilling campaign is a significant step-change in exploration intensity for Caprice Resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.