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Be the first with the news that moves the market- Caprice Resources (CRS) is granted three exploration licences for the Northampton Project in Western Australia
- With its landholding now expanded to 1,170 square kilometres, Caprice says it believes the area has significant potential for base metals mineralisation
- The company has now begun generating targets through combining geological and structural interpretation data, along with geophysics and geochemical data
- The next steps will then involve drilling a select number of advanced targets, with reverse circulation drilling expected to take place in the second half of the 2022 calendar year
- Caprice Resources last traded at 13 cents on April 17
Caprice Resources (CRS) has been granted three exploration licences for the Northampton base metals project in Western Australia.
With the large exploration licences that make up a majority of the project now in hand, the company’s landholding spans 1,170 square kilometres.
The tenements are mostly untouched, having only experienced limited historical in-ground exploration. As such, a regional low-level, multi-stream sediment geochemistry program has been completed to give baseline information, as well as assess the correlation between mineral occurrences and anomalous base metals pathfinder elements.
Caprice believes the area has significant potential for base metals mineralisation and is developing an exploration strategy to test the area’s prospectivity.
The company has begun generating targets through combining geological and structural interpretation data, along with geophysics and geochemical data.
“We are very pleased with the initial findings from our work completed since we significantly expanded the project, particularly the geophysics reprocessing, which has significantly helped to refine our path forward,” said Managing Director, Andrew Muir.
The next steps will involve drilling a select number of advanced targets, with the company’s initial focus on the historical Lady Sampson workings and Wheel Fortune. Reverse circulation drilling is expected to take place in the second half of the 2022 calendar year.
“We look forward to drilling our advanced targets in the second half of CY2022, whilst we refine the larger, more regional structured targets,” said Andrew Muir.
Work has also begun to access agreements for the more advanced targets.
Caprice Resources last traded at 13 cents on April 17.
