Excellent Drill Results Returned From Mt Gibson & Karlawinda
Filed with ASX · · 56 pages · English
Summary by 6ix AI
Capricorn Metals Ltd has announced excellent results from resource drilling at both the Mt Gibson and Karlawinda projects, highlighting significant gold intercepts and the completion of extensive drilling programs. The company has expanded its drilling program at Mt Gibson from the initial planned length to further explore promising results both within and outside the current resource. At Karlawinda, the drilling program has also returned encouraging results, with plans for further exploration to enhance the resource estimates. These developments are expected to support updated mineral resource and ore reserve estimates in the coming months.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Capricorn Metals
- Record quarterly gold production Capricorn achieves net cash position and converts project loan to corporate facility
- Record Gold Production & Net Cash Position Achieved
- Acquisition of Mumbakine Well Project
- GCY: Sale of Mumbakine Well for up to $4.75M plus Royalty
- Strong Results Returned From Early Drilling at Mt Gibson
Later from Capricorn Metals
- Amended Quarterly Activities Report/Appendix 5B
- S&P DJI Announces September 2022 Quarterly Rebalance
- Capricorn Metals records maiden profit of $89.5 million
- Further Strong Results Returned at Mt Gibson & Karlawinda
- Karlawinda Reserve and Resource Update
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