ASX: New Discovery at Karlawinda 2016-10-19
ASX: Update Definitive Feasibility Study 2016-10-03
New zone at Karlawinda 2016-09-28CAPRICORN Metals has discovered a new zone of gold mineralisation at its Karlawinda project in the Pilbara.ilbara....
ASX: New Zone of Gold Mineralisation Intersected 2016-09-27
Capricorn Metals Ltd progresses Karlawinda Gold feasibility study 2016-09-06
Capricorn Metals Ltd (ASX:CMM) is making steady progress on a drilling program being undertaken as part of the definitive feasibility study on the Karlawinda Gold Project.
The project is located in the Pilbara region of Western Australia.
Capricorn’s 60,000 metres in-fill and exploration drilling program as part of the feasibility study is more than 25% complete with the first batches of assay results received.
Significant results received to date include 7 metres at 5.37 g/t gold from 107 metres and 18 metres at 1.40 g/t gold from 64 metres.
The results to date have been encouraging, confirming the strong continuity of mineralisation within the existing resource and identifying potential extensions outside of the resource boundary.
This has opened up the potential to expand the existing resource of 25.5 million tonnes at 1.1 g/t gold for 914,000 ounces of gold at the Bibra deposit, located within the Karlawinda project.
Capricorn’s share price is up 177% since the start of 2016, supported by strong news flow from the Karlawinda project.
The company is well funded to complete the definite feasibility study, with a cash balance of $11.7 million as at 30 June 2016.
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