Capricorn Metals LtdASX: CMM

Exceptional Results at Lexington Confirm Growing UG at MGGP

· Issued by Capricorn Metals Ltd

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.

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