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Caprice Resources Limited (ASX:CRS)

ALERT: Price-sensitive ASX Announcement for CRS
Current share price for CRS : $0.067 -0.003 (-4.29%)+
Announcement
Release
16 Oct 2026 9:24AM
Price at Release
$0.070
Full Release
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Summary
Caprice Resources Limited (ASX: CRS) announced that regional aircore discovery drilling has commenced on the western side of its 100%-owned Island Gold Project in Western Australia’s Murchison Region, targeting the interpreted strike extension of the Break of Day gold trend, additional banded iron formations and historical surface workings, while reverse circulation drilling continues to extend known gold mineralisation and test new targets across the broader project. New assay results strengthened the Baxter prospect, with mineralisation now demonstrated to depths of about 200 metres and down plunge for about 450 metres, including 4m at 4.05 g/t Au from 148m in 26IGRC106 and 2m at 4.38 g/t Au from 104m in 26IGRC101, while a significant southern step-out at Golconda returned 3m at 8.73 g/t Au from 192m in 26IGRC083 about 400 metres south of the main prospect, indicating a broader open mineralised system along the same BIF and central structural break. Other notable results included 2m at 6.54 g/t Au from 6m in 26IGRC075 in a western BIF, 1m at 5.79 g/t Au from 308m in 26IGRC082 at Eureka, and 3.7m at 5.1 g/t Au including 0.6m at 30.0 g/t Au from 291.4m in 26IGRC061D at Vadrians, supporting additional exploration upside. As at 14 October 2026, about 26,500 metres of Caprice’s planned 50,000 metre aircore, RC and diamond program had been completed, with 21 RC holes totalling 5,376 metres awaiting assays from the Gap Zone, North Vadrians and Golconda, and the company said its maiden Mineral Resource Estimate remains on track for early November 2026.
Key Points
  • Aircore drilling commenced on the western side of the Island Gold Project targeting the Break of Day trend, banded iron formations and historical gold workings.
  • Two rigs are operating across the Island Gold Project with aircore and RC drilling extending mineralisation and testing new discovery targets.
  • Baxter results extended gold mineralisation to about 200 metres depth and about 450 metres down plunge, including 4m at 4.05 g/t Au from 148m in 26IGRC106 and 2m at 4.38 g/t Au from 104m in 26IGRC101.
  • A southern Golconda step-out returned 3m at 8.73 g/t Au from 192m in 26IGRC083, around 400 metres south of the main Golconda prospect.
  • Other notable intersections included 2m at 6.54 g/t Au from 6m in 26IGRC075, 1m at 5.79 g/t Au from 308m in 26IGRC082, and 3.7m at 5.1 g/t Au including 0.6m at 30.0 g/t Au from 291.4m in 26IGRC061D.
  • Approximately 26,500 metres of the planned 50,000 metre drilling program had been completed by 14 October 2026.
  • Assays were pending for 21 RC drill holes totalling 5,376 metres from the Gap Zone, North Vadrians and Golconda.
  • The maiden Mineral Resource Estimate was stated to be on track for early November 2026.
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.