CAPRICORN REPORTS STRONG RESULTS

 STRONG EXPLORATION RESULTS CONTINUE AT BOTH KARLAWINDA AND MT GIBSON 

 Karlawinda Gold Project (KGP) 

RC drilling at the newly identified Berwick prospect, located 2 kilometres east of the Bibra open pit, has detected near surface gold mineralisation over a 500 metre strike length. 

A 73 hole (10,983 metres) first pass RC drill programme was completed at the Berwick prospect with strong results received including: 

  • 8 metres @ 14.9 g/t from 74 metres
  • 5 metres @ 9.37 g/t from 99 metres
  • 4 metres @ 11.25 g/t from 45 metres
  • 6 metres @ 4.11 g/t from 47 metres
  • 12 metres @ 2.74 g/t from 75 metres
  • 2 metres @ 9.36 g/t from 78 metres

A follow-up extensional and infill RC drill programme is planned for the June 2023 quarter. 

Field composite assays received from drilling completed in the December 2022 quarter at the Carnoustie prospect returned encouraging 1m split results which included: 

  • 5 metres @ 4.09g/t from 149 metres
  • 5 metres @ 1.21 g/t from 158 metres

A 15,000 metre regional AC drilling programme is scheduled to commence in the June 2023 quarter across the broader KGP tenement package including the Jamie Well East, Donomore and Carrot Hill prospects. 

 Mt Gibson Gold Project (MGGP) 

A further 15,468 metres of RC resource definition and extensional drilling was completed to the end of March 2023 at the MGGP. 

Assays received from 14 resource definition holes since the last update in January 2023 continue to return exceptional results within and extensional to the resource including: 

Outside current resource

  • 15 metres @ 7.11g/t from 165 to 180m
  • 5 metres @ 16.28g/t from 163 to 168m
  • 27 metres @ 1.76g/t from 183 to 210m
  • 5 metres @ 8.36g/t from 12 to 17m
  • 4 metres @ 10.04g/t from 204 to 208m
  • 1 metres @ 33.70g/t from 109 to 110m

Within current resource

  • 5 metres @ 11.99g/t from 85 to 90m
  • 11 metres @ 5.29g/t from 39 to 50m
  • 8 metres @ 4.95g/t from 43 to 51m
  • 9 metres @ 3.37g/t from 30 to 39m
  • 6 metres @ 5.05g/t from 126 to 132m
  • 8 metres @ 3.77g/t from 74 to 82m

Drilling on the unmined S2, Lexington Waste Dump and Orion North trends (east of the main Gibson trend) continue to define zones of high-grade within and outside the updated 2022 resource shell. 

Regional AC drilling programme at the Outlaw prospect within the Highway/McDonalds area commenced during the reporting period, with 486 holes for 12,838 metres completed. 

Confirmatory AC drilling programme consisting of 329 Aircore holes for 10,867 metres were drilled over existing historic mineralised heap leach dump within the MGGP mine centre. 

    Goldman

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