Caprice Resources has reported significant drilling success at its Island Gold Project, extending gold mineralisation at the Vadrians deposit both along strike and at depth. The results highlight a structurally controlled system with ongoing exploration potential.
- 7.0m at 4.5 g/t gold intersected north of Vadrians
- Southern plunge extended by 50m with 5.4m at 6.4 g/t gold
- Mineralisation remains open along strike and at depth
- 22,300m of 50,000m drilling program completed
- Multiple structural breaks identified as key gold pathways
Vadrians Deposit Shows Significant Down-Plunge and Strike Extensions
Caprice Resources Ltd (ASX:CRS) has revealed further drilling results from its Island Gold Project in Western Australia's Murchison Region that extend the known gold mineralisation at the Vadrians deposit. Notably, a 7.0-metre intercept grading 4.5 g/t gold was recorded north of a cross-cutting dolerite dyke, while the southern limits of Vadrians saw mineralisation plunge approximately 50 metres deeper with intercepts including 5.4 metres at 6.4 g/t gold. These results reinforce the interpretation of Vadrians as a structurally controlled gold system that remains open for expansion both along strike and at depth.
Structural Breaks Identified as Major Gold Fluid Pathways
Drilling along the central structural break has intersected mineralisation at Eureka, Baxter, Golconda, and Vadrians, supporting the view that these structural breaks serve as major conduits for gold-bearing fluids. The preferential accumulation of gold occurs where these structures intersect Banded Iron Formation (BIF) host rocks, a key geological setting across the Island Gold Project. Caprice is actively ranking and targeting additional follow-up prospects along these breaks, signalling a broader, multi-target exploration approach.
Ongoing Drilling Program Advances Towards Maiden Resource
As of 24 August 2026, Caprice has completed approximately 22,300 metres of its planned 50,000-metre air core, reverse circulation (RC), and diamond drilling program. Pending assay results from 30 RC holes (~6,000 metres) targeting Eureka, Baxter, and southern Island prospects are expected to further clarify the project's potential. The company is also conducting infill and resource-definition drilling to establish continuity and geometry of mineralisation, aiming to support a maiden Mineral Resource Estimate.
Strategic Location Within Murchison Goldfields
The Island Gold Project lies within the prolific Murchison greenstone belt, close to several major gold deposits and established processing infrastructure, including Westgold’s Big Bell and Ramelius’ Hill 50, located about 50 kilometres south. This proximity offers Caprice strategic advantages in terms of logistics and potential processing partnerships. The company’s Managing Director, Luke Cox, emphasised the potential for Vadrians to develop significant depth extent similar to Hill 50, highlighting ongoing exploration efforts across multiple structural breaks and emerging targets.
Next Steps in Exploration
Caprice plans to continue drilling to test northern strike and depth extensions at Vadrians, extend the southern plunge, and assess mafic-hosted mineralisation through selective re-sampling of existing core. The company also intends to test a ~1km gap between New Orient and Vadrians beneath lake cover using land-based drilling, alongside broad-spaced RC drilling at other emerging targets such as Iron Clad and Chicago. Seasonal conditions will dictate the timing of air core drilling in southern portions of the project.
Bottom Line?
Caprice Resources is steadily building a structurally complex gold system at Vadrians, with drilling results suggesting significant upside potential as the company advances towards its maiden resource estimate.
Questions in the middle?
- Will pending assay results confirm continuity of northern Vadrians mineralisation?
- How will structural break targets beyond Vadrians contribute to overall resource growth?
- What scale of mineral resource could emerge from ongoing drilling in the southern plunge extensions?