Vadrians Drilling Program Targets High-Grade Gold Extensions with 5,000m RC Campaign

Caprice Advances Vadrians Exploration

Caprice Resources Ltd (ASX, CRS) has announced the commencement of a new reverse circulation (RC) drilling program targeting the Vadrians gold deposit, part of its Island Gold Project in Western Australia’s prolific Murchison goldfields. The program, initially planned for approximately 5,000 metres, aims to build on recent encouraging drilling results that revealed high-grade gold mineralisation near surface.

The focus of this latest drilling campaign is twofold, to test strike extensions of the known high-grade lodes to the north, and to investigate the depth and strike continuity beneath previously drilled holes that returned significant gold grades, such as 9 metres at 7.3 grams per tonne and 10 metres at 11.7 grams per tonne. Importantly, the program will also explore the southern depth extents of mineralisation down to around 350 metres, setting the stage for a deeper diamond drilling phase.

Strategic Step Towards Resource Definition

Managing Director Luke Cox emphasised the strategic nature of this drilling phase, highlighting its role in systematically delineating the Vadrians gold system. The RC drilling will establish key pre-collars that enable efficient follow-up with diamond drilling rigs, which are essential for defining the geometry and grade continuity at depth. This approach reflects Caprice’s methodical progression towards a maiden Mineral Resource Estimate, a critical milestone for advancing the project towards development.

Meanwhile, the company awaits assay results from 160 air core holes drilled across a broader five-kilometre mineralised band iron formation horizon within the Island Gold Project. These results could identify additional targets analogous to Vadrians, potentially expanding the scope of the project. Assays are also pending for five diamond holes testing depth extensions at Vadrians, which will further inform the drilling strategy.

Broader Exploration Ambitions

Beyond Vadrians, Caprice is actively exploring its Chobe Project in the West Arunta region, an emerging mineral province with promising discoveries in niobium and rare earth elements. This diversification underscores the company’s commitment to unlocking value across its Western Australian portfolio, balancing near-term resource definition with longer-term exploration upside.

With its landholding situated close to established mining and processing hubs, Caprice is well positioned to leverage infrastructure advantages as it advances its projects. The ongoing drilling programs and forthcoming assay results will be closely watched by investors eager to gauge the scale and quality of the company’s gold resources.