Caprice Resources explores promising gold targets

Caprice Resources (ASX: CRS) has commenced exploration at the Cuddingwarra Gold Project in Western Australia. Visible gold has been found in quartz reefs at a high-priority target, CUD-GPX01. The project covers 10 km of prospective strike within a mineralized corridor.

Overview of Cuddingwarra Gold Project developments

Caprice Resources has begun exploration at the Cuddingwarra Gold Project, discovering visible gold at the CUD-GPX01 target. This area is strategically located near significant gold mining operations. The company follows a three-pillar strategy, including exploration at Cuddingwarra, resource definition at the Island Gold Project, and a feasibility study at the New Orient Gold Mine. Drilling is set to commence soon, supported by recent approvals. Caprice aims to systematically grow its resource base in this historically prolific gold-producing region.

Executive insights on Cuddingwarra exploration

We are thrilled with the initial results showing visible gold in outcropping quartz reefs. This discovery underscores the potential of the Cuddingwarra project, which was previously thought to be covered by calcrete. The strategic location near existing mining operations provides a significant advantage for advancing our exploration initiatives.