Coffee with Samso: The Island Gold story - Caprice Resources

Caprice Resources Ltd (ASX:CRS) has landed itself a potential high-grade gold project in Western Australia’s Murchison Goldfields. The Island Gold Project is one of the projects that has had a long and hard life to get to this stage. For Caprice Resources, this is a good thing. In late 2020, when I came across this company and the project, I made contact with Adam Miethke, who is a non-executive director of Caprice Resources and also the managing director of Discovery Capital Partners. I wanted to learn more about the project and when the company agreed to have Coffee with Samso, I was thrilled as I feel that the Island Gold Project is unique. With the current buoyant nature of the market, these hidden projects are finally able to surface and many people are going to be surprised by their potential. In this episode of Coffee with Samso, Scott has shared with us the potential of the Island project and also their Northampton project. The Northampton project is a base metal play but like many projects, it has some issues. Nonetheless, the geology is fantastic. Time will tell how everything pans out but if the company has enough faith to pursue its mandate, ie to drill and find a deposit, shareholders can be assured that this is a decent project with some real numbers. PODCAST: About Scott Patrizi Executive director, Caprice Resources Scott Patrizi is a corporate director with strong equity capital markets and project acquisition experience. He holds a Bachelor of Commerce from the University of Western Australia and was formerly an executive director at Matador Mining Ltd (ASX:MZZ) and a non-executive director of Rarex Ltd (ASX:REE) and Elixir Energy Ltd (ASX:EXR). Patrizi has worked across a wide range of industries including mining, oil and gas, healthcare and education providing merger and acquisition, valuation and due diligence services. His previous employment history includes working for Argonaut Limited, a full-service advisory, stockbroking and research and investment house focused on clients in the natural resources sector as well as for Big Four accounting firm Deloitte. About Caprice Resources Caprice Resources Limited (ASX:CRS) is focused on the exploration of mineral assets in Australia. It is a gold and base metals focused exploration company, with its Island Gold Project in the Cue Goldfield, the Northampton Project and the Wild Horse Hill Project. Caprice was attracted to these projects due to their prospective geological setting within proven mineralised belts. Island Gold Project The Island Project covers 21sqkm of highly prospective tenure in the richly endowed Cue Goldfield and contains many of the historic gold mines of the Lake Austin gold mining centre and comprises two granted mining leases and one exploration licence (M21/66, M21/140 and E21/186) covering the New Orient, The Island and North Island properties. The project lies adjacent to the Great Northern Highway and is 630km north of Perth, 60km north of Mt Magnet and 20km south of Cue. The Island is an Archaean basement high within Lake Austin. It is dominated by intercalated mafics and multiple BIF structures striking roughly north-northeast. There is an extensive metagabbro intrusive in the central part of the project area directly north of the Baxter’s/Golconda area. This intrusive appears irregular and is strongly weathered and possibly altered. Quartz veining is present associated with supergene mineralisation and as quartz reefs. There are several shear zones present with a dominant north-easterly trend. These shears show variable displacement and deform the BIF with tight drag folding common in the shear zones. These shear zones and associated folding appear to be an important control on mineralisation and the folding of the BIF is often associated with higher-grade mineralisation. There are extensive workings present throughout the project area with the strongest concentration on the Golconda-Vadrian Hill trend. The alignment of these workings forms a strong north-easterly trend that is interpreted to be a major influence on the distribution of gold mineralisation in the area. The trend is thought to represent a strong structural corridor that has deformed the BIF and allowed strong fluid flow during periods of mineralisation. This trend is repeated throughout the project area aligning various workings and anomalous gold result. Please let us know your thoughts and send us any comment to info@Samso.com.au. 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Samso has nearly 30 years of experience in developing business ideas and concepts in the Australasian region. Samso has worked primarily in the mineral resources industry, capital markets and corporate finance. Noel Ong is the founder of SAMSO.   Disclaimer Samso and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy. The information provided is general in nature, not financial product advice, see a financial expert before making any investment decision. Your personal objectives, financial situation or needs have not been taken into consideration. There may be a conflict of interest present with commercial arrangements with companies and/or stock held. Samso or an associate may receive a commission for funds raised.