Capricorn Metals (ASX:CMM) said the first seven drill holes of an 18-hole diamond and reverse circulation drilling program at the Lexington underground prospect at the Mt Gibson gold project encountered significant gold mineralization, according to a Tuesday Australian bourse filing.
These included intercepts of 13.1 meters at 13.93 grams per tonne grade of gold from 714.9 meters, as well as 28.6 meters at 5.35 g/t grade of gold from 431.8 meters.
The reported intercepts range between 85 meters and 365 meters below current resources, or 210 meters and 470 meters below current open-pit ore reserves.
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