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Caprice Resources Continues to Advance Expanding Murchison Portfolio with High-Grade Gold Hits at Island Project

Caprice Resources’ (ASX: CRS) growing ambitions in the Murchison gold region of Western Australia have received a boost with new high-grade assay results from the its Island Gold project.

The company – which recently added to its Murchison footprint with the acquisition of the nearby Comet project – has successfully extended the known strike at the Vadrians prospect at Island with results including 4.0 metres at 30.6 grams per tonne (g/t) and a high-grade gold quartz reef discovery grading 1.2m at 14.4g/t.

Further assays are also pending for 10 diamond holes and 70 air core holes.

Caprice has now recommenced drilling at Island to complete the outstanding 1,000m of diamond and 6,000m of air core drilling in the scheduled Phase 4 program at Island.

This program is aiming to systematically extend and refine the company’s understanding of the project’s mineralised system, in particular at Vadrians.

Comet Triples Landholding

Caprice finalised the acquisition of Comet in mid-December, paying Accelerate Resources an initial consideration of $50,000 in cash and $200,000 in company shares.

Accelerate will retain a 25% interest in the project, free-carried through to completion of a pre-feasibility study.

The acquisition adds three granted exploration tenements and triples Caprice’s contiguous landholding across the broader mineralised corridor.

Comet is located approximately 22 kilometres southeast of Cue within 30km of a number of processing plants, with sealed road access and extensive existing internal tracks supporting low cost and rapid exploration.

The company’s initial activities at Comet will include on-ground reconnaissance and mapping, access assessments, and the establishment of a pipeline of high-quality gold targets for drill testing.

Growing Gold Corridor

Caprice managing director Luke Cox said the company had identified gold mineralisation at Vadrians to at least 400m vertical depth and more than 1,000m in strike.

“Starting 2026 with a great set of assay results, drilling restarting, and record high gold price sets the scene for further success at the Island Gold project and our wider Murchison gold package,” Mr Cox said.

“With a strong volume of samples in the laboratory and further assays expected throughout the quarter, we are positioned for a consistent period of results-driven activity.”

Source: SmallCaps