Business & Investment

Caprice Resources shares make up for months of losses with gold extensions

Stock price Caprice Resources Ltd [ASX:CRS] Soaring today, thanks to an exciting new gold intercept from the New Orient outlook at the Island Gold Project in Washington.

As of this writing, CRS shares are up 27.66%, or 6.5 cents, and are trading at 30 cents per share.

The rise in stock prices today has reversed the Explorer losses that have occurred in the last two months.

CRSASX stock price trends

Source: Tradingview.com

CRS shares could begin to trace some of last year’s big rises, as gold prices appear to be flat.

New Orient Extended Luxury Gold

CRS today announced the final drill results from the 2020 drill program in the New Orient outlook in Cugold Fields, Western Australia.

The program was designed to confirm the plunge and continuity of high-grade zones and to extend sediment depth and strikes.

Explorers say the program’s conclusions showed an extension to high-grade gold mining in the depths.

clearly: What’s Next for Australia’s Gold Stock Price? learn more.

In addition, they confirmed that the major plunge in mineralization was associated with the intersection of the Northwest Trend Fault.

The highlights of the final result are:

  • From 130m to 68.25g / t, including 1m, from 129m to 32.96g of gold (g / t) per ton, 3m
  • 67m to 10.99g / t for 10m, 96m to 3.43g / t for 1m
  • 4m from 80m to 12.46g / t
  • Includes 6m at 110m to 4.72g / t and 3m at 110m to 8.6g / t

Caprice resource map

Source: Caprice Resources

According to the CRS, this result provides a better understanding of the structural control of high-grade shoots within a broader mineralization system that remains open along the depths and strikes.

Secretary-General Scott Patrizi said:

I am particularly pleased with these latest results in the New Orient. Given the existence of very high-grade intersections that continue deep and the prospect of offset zones for mineralization is clear …

Our understanding of structural control continues to evolve, allowing us to expand our current goals ahead of the 2021 exploration campaign.

What is Caprice doing in 2021?

To further expand known targets, the 4,000m drilling campaign, which will resume in early February, prepares for further expansion from this year’s CRS.

This means that CRS stock prices could gain momentum in the coming months, especially as Australia strengthens its position as one of the world’s top gold nations.

As Australia is becoming the new gold capital of the world, our gold expert Shae Russell analyzes what it means to be a new gold “earthquake” for gold and Australian gold stocks. To do. Click here to download the free report.

Best regards,

Lachlann Tierney,
for Daily Reckoning Australia

Caprice Resources shares make up for months of losses with gold extensions

https://www.dailyreckoning.com.au/caprice-resources-share-price-makes-up-for-months-of-losses-with-gold-extension/2021/01/27/ Caprice Resources shares make up for months of losses with gold extensions

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