Caprice Resources Ltd. has kicked off a major exploration phase, launching a massive 50,000-metre multi-rig drilling campaign across its gold projects in Western Australia’s prolific Murchison region.
The program represents a major step-change for the explorer, who is now looking to shift gears from early-stage prospecting to defining a significant gold resource.
Backed by a $14 million cash balance following a recent capital raising, the company is well-funded to maintain a high-intensity exploration schedule throughout 2026.
The primary focus of the campaign is the company’s flagship Island gold project.
Drilling will specifically target the Vadrians deposit, where recent results have confirmed high-grade mineralisation over a 1,000-metre strike and 400-metre vertical depth.
Caprice Managing Director Luke Cox noted that the sheer scale of the campaign signals the company’s confidence in the emerging system.
“We are entering a transformational phase for the Island gold project and the company’s wider Murchison ground package.
“The scale of this 50,000-metre program reflects our confidence in the emerging high-grade gold system at Vadrians and the broader potential of the Island gold project and surrounding tenure.”
To tackle the diverse geological targets, Caprice is deploying a mix of drilling techniques, such as reverse circulation for resource definition, diamond drilling to probe high-grade zones at depth and understand structural control and air core drilling for regional exploration, including the highly anticipated Starlight Basalt extensions which have never been drill-tested.
The drilling campaign also encompasses the Cuddingwarra project and the Comet gold project, the latter featuring 30 kilometres of fertile greenstone belt.
With the Murchison region hosting several established processing hubs hungry for mill feed, Caprice is racing to deliver a maiden mineral resource estimate (MRE).
In parallel, Caprice is also advancing exploration at its Chobe project in the West Arunta, an underexplored region that already delivered niobium and rare earth element carbonatite discoveries.