Capricorn expecting 'interesting' few months

GOLD developer Capricorn Metals has flagged an “interesting” few months of drilling at its Karlawinda project in the Pilbara.

Capricorn expecting 'interesting' few months Capricorn expecting 'interesting' few months Capricorn expecting 'interesting' few months Capricorn expecting 'interesting' few months Capricorn expecting 'interesting' few months

“Despite all of our work over the last two years the very large Bibra system is yet to reveal all of its secrets and the next few months should be a particularly interesting period as we continue with a number of very exciting drill programs,” Capricorn’s executive chairman Heath Hellewell told the market.

Capricorn has two RC rigs in action, and has contracted a diamond core rig to begin drilling by the end of the month.

The drilling programs include infill as well as first pass and follow-up exploration targeting.

An updated reserve is expected next quarter, with geochemistry and aircore work also planned in the June period.

Development of the A$146 million Karlawinda project is in the financing stage.

The three million tonne per annum operation is peg...