Caprice Resources Strengthens Financial Position and Expands Island Gold Project Drilling

Caprice Resources Ltd (ASX: CRS) has secured over AU$1.54 million from the early exercise of unlisted options, increasing its cash reserves to approximately AU$4 million. This financial boost enables an expanded follow-up drilling program at the Island Gold Project, with Phase 2 drilling set for completion by February’s end. The project has delivered exceptional gold intercepts, including 28m @ 6.4 g/t and 15m @ 4.6 g/t at Vadrians Hill and further significant results at Baxter/Golconda.

With gold prices above AU$4,500 per ounce, Caprice is well-positioned to advance exploration efforts. CEO Luke Cox highlighted the strong investor support and the potential for a maiden resource estimate in the coming months. Following Phase 2 assay results, the company plans to launch Phase 3 drilling, targeting additional high-grade structures. With a robust cash position, Caprice is accelerating its exploration strategy to unlock the full potential of the Island Gold Project.

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