Exceptional Results at Lexington Confirm Growing UG at MGGP
Filed with ASX · · 20 pages · English
Summary by 6ix AI
Capricorn Metals Ltd has released an update on exceptional drilling results from the Lexington underground prospect at the Mt Gibson Gold Project, confirming significant mineralization potential. The results from the first seven holes of a drilling program indicate high-grade gold intercepts, with all holes intersecting significant mineralization outside the current resource envelope. The early success of drilling at Lexington suggests a strong potential for a long-life underground mining operation, with further drilling planned to support a maiden Inferred underground Mineral Resource Estimate. The announcement highlights the scale and continuity of the mineralization between the Orion South and Lexington prospects, indicating a major underground discovery.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Capricorn Metals
- March 2026 Quarterly Production Update
- Record HY Results and Maiden 5cps Fully Franked Dividend
- Acquisition of Extension Hill and Mungada Projects
- TEM: Tempest Completes Sale Of Yalgoo Project
- TEM: Extension of Completion Date for Yalgoo Project Sale
Later from Capricorn Metals
- Federal Environmental Approval Received for MGGP
- Divestment of the Big Springs Gold Project
- Top End of FY26 Guidance Delivered at KGP
- Capricorn Gold Reserves Increase to 5.2 Million Ounces
- Compelling Mt Gibson PFS Update
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