Caprice Resources Ltd has extended gold mineralisation at the south end of the Vadrians deposit and intercepted deeper mineralisation beneath the central zone at the Island Gold Project in Western Australia's Murchison Region.

Diamond drilling at the southern limits of Vadrians intersected 5.4m at 6.4 g/t gold from 357m downhole in hole 26IGRC043D and 2.6m at 3.2 g/t gold from 348m downhole in hole 26IGRC044D. These results extend the interpreted southerly gold plunge by approximately 50m, with the system remaining open at depth.

At the northern end of Vadrians, drilling in hole 26IGRC058D returned 7.0m at 4.5 g/t gold from 239m downhole, providing further evidence of mineralisation north of a cross-cutting dolerite dyke. In the middle of the deposit, drilling defined a growing mineralised position beneath the principal high-grade zone, including an intercept of 5.0m at 1.8 g/t gold from 264m downhole in hole 26IGRC036D.

“Drilling continues to demonstrate the growth potential at Vadrians, with mineralisation extending down plunge along a structural break and remaining open along strike. The results reinforce our interpretation of a broader system, with potential for significant depth extent like Hill 50, located approximately 50km to the south. We are also testing additional structural break targets across the Island that display similar geological settings to Vadrians.” 

— Luke Cox, MD

Caprice Resources is executing a 50,000-metre drilling programme across the Island Gold Project to generate geological information required to support a maiden Mineral Resource Estimate. As of 24 August 2026, approximately 22,300 metres of air core, reverse circulation, and diamond drilling has been completed.

The company has approximately 30 reverse circulation drill holes totaling around 6,000 metres pending assay results targeting Eureka, Baxter, Golconda, and southern Island targets at the project. Caprice Resources also plans broad-spaced reverse circulation drill testing of the approximately 1-kilometre gap in drilling between New Orient and Vadrians under lake cover.

Read the full announcement: Vadrians Gold System Extended Along Strike and At Depth