Caprock Mining Plans to Start Drill Program Designed for Pit-Constrained Mineral Resource Expansion at Destiny
Caprock Mining (CAPR.CN) on Wednesday said it plans to start a shallow drill program designed to expand the current open pit-constrained Mineral Resource Estimate (MRE) westward at its flagship Destiny gold property, near Val d'Or, Quebec.The company said the 10 holes will be drilled from four drill pads in total and will test the extension of the mineralized domains at Destiny to the west of the current limits of the open-pit constrained Mineral Resource. The planned drill program has been designed to include 10 NQ-sized diamond drill holes totaling approximately 3,200 meters of drilling."Assays have been received for five out of the eight deep holes drilled in total, and so far, we've had a consistently strong success rate, including high-grade assay results from drill hole DES-26-183 which returned 38.48 g/t Au over 1.6m, encompassed within 2.84 g/t Au over 23.2m," said Caprock Chief Executive Vishal Gupta. "Our technical team has identified the potential to materially expand the Mineral Resource westward by conducting a limited 10-hole drill program that was designed by our resource consultants at BBA E&C Inc."Shares of the company were last seen down 4.2% at $0.11 on the Canadian Securities Exchange.Price: $0.11, Change: $-0.01, Percent Change: -4.35%
