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Caprice extends Northampton field with “excellent” base metal results - The Pick Online Magazine

Written by Staff Writer | May 15, 2023 8:55:24 AM

Caprice Resources Ltd’s (ASX: CRS) maiden RC drill programme at the Lady Sampson prospect has successfully delineated anomalism and mineralisation over at least 1,000m. at the Northampton Polymetallic Project in Western Australia.

Northampton is a historical mining area with over 100 years of base metals mining, with minimal on-ground exploration in the last 50 years.

The company’s follow-up Phase II drill programme of 11 RC holes for 1,010m has continued the good results, with multiple intersections of significant grades and widths.

Importantly, the higher-grade zone has been extended another 100m to the south and remains open. This zone will be a key focus for follow up drilling, as well as testing depth extents.

In addition, a soil sampling trial at Lady Sampson generated anomalies that correlate strongly with the underlying mineralisation trend. This trial has confirmed the validity of ultrafine soil sampling and we will use the technique to generate and refine targets for drilling at both Lady Sampson and regionally.

We are very excited by the potential of Lady Sampson. The latest program has confirmed the higher grade mineralisation and extended it to the south. In addition, the recognition that ultrafine soils can identify underlying mineralised bodies is very pleasing and will be a key exploration tool heading forward,” Managing Director, Andrew Muir, said.

Background

The Lady Sampson Prospect, approximately 40km southeast of the town of Northampton, incorporates a +1,000m long base metal target. The anomaly is focused on a small historical lead mine, Lady Sampson, where one underground level was developed to 30 feet, but failed due to poor ground conditions.

Next Steps

Lady Sampson

The drilling to date has been very successful in identifying mineralisation at Lady Sampson.

With the farming season underway, fieldwork at Lady Sampson will be limited to soil sampling for the short term. Consequently, we will look to extend the ultrafine soil sampling along strike and laterally to help refine existing drill targets. We will also look to implement the sampling in new locations to test structural and geological targets with a view to recommence drilling once rig access is re-established later in the year.

Mukinbudin

With the recent definition of a +300m long REE anomaly at the Mukinbudin REE project, follow up mapping and sampling at QC2 is underway. In addition, there are multiple pegmatites that have yet to be tested, and a number of these will be assessed in the current fieldwork programme.

https://www.capriceresources.com/