New High Grade Results Confirm Potential to Expand Bibra
Filed with ASX · · 11 pages · English and French
Summary by 6ix AI
Capricorn Metals Ltd has released an announcement detailing new high-grade gold results from drilling at the Bibra Gold Deposit, indicating significant potential for resource expansion. The results show strong intercepts that suggest a downdip extension of the resource, which could lead to a deeper pit design. Management expressed optimism about the ongoing drilling program, highlighting the potential for higher-grade resource ounces and overall resource growth. The report includes detailed assay results and outlines the implications for the company's Karlawinda Gold Project in Western Australia.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Earlier from Capricorn Metals
- New High Grade Structure Intersected Below Bibra Deposit
- Strong New Intercepts at Easky Prospect
- Grant of Mining Lease at Karlawinda
- Strong Gold Intercepts Confirm Quailty and Scale of Bibra
- New Discovery at Karlawinda
Later from Capricorn Metals
- High Grade Component of Main Hanging Wall Lode Confirmed
- Quarterly Activities and Cashflow Report December 2016
- Placement Agreement to Raise $10m
- High quality laterite results at Bibra
- Board and Management Restructure
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